Grant advances technology to beat back Malaria, West Nile, and other deadly diseases impacting over three billion people.
(source: www.iecorp.co) Olfactor Laboratories, Inc. (OLI) is developing a novel class of spatial, non-insecticidal compounds that manipulate certain blood-feeding insects’ primary mechanism used in locating their prey. Blood-feeding insects such as mosquitoes, which spread Malaria, dengue and filariasis, track their prey through carbon dioxide (CO2) emissions in breath using their olfactory neurons (sense of smell).
The OLI science team, led by Dr. Michelle Brown, will be using the grant funding to determine which of the CO2 receptor effector molecules in OLI’s proprietary and patent pending portfolio of non-toxic and non-insecticidal compounds best disrupt the host-seeking behavior of mosquitos.
Over 3.3 billion people live in Malaria-affected regions and it remains one of the most deadly mosquito-borne diseases in the world. Stephen Abbott, President of Managed Innovations for Innovation Economy, cited this award as an opportunity to use the unique OLI research facility in Riverside, CA – an indoor mosquito behavior testing lab – to further refine OLI’s products being developed for worldwide distribution.
“It’s a great partnership for a critical technology,” said Abbott. “With technology this powerful, we’re happy to begin a partnership with NIH in advancing our field testing and research. We’re developing products based on our technology, that I believe, will have true global impact. There is nothing more important our company can be doing at this time,” said Dr. Brown.
OlFactor Laboratories in an Innovation Economy Corporation (IEC) company. With a philosophy of “Doing Good and Doing Well,” IEC’s mission to acquire innovative research, technology, products and services and transform them into high-growth businesses with the potential to enhance the lives of people across the globe furthers Riverside’s postion as a ‘Catalyst for Innovation‘.
The City of Riverside named Amro Albanna as the first Innovation Honoree of the Month at the City Council meeting on Tuesday, January 10.
For eight years, the City of Riverside and Riverside Arts Council have presented the Arts Honoree of the Month Award. The honor was created to recognize the contribution that the arts make to the quality of life in the Riverside community, highlighting arts and cultural organizations and individuals that exhibit artistic excellence as well as service to the community. The City is modifying the Arts Honoree of the Month program by expanding it to now include Innovation Honorees.
“As a City of Arts & Innovation it’s important to recognize the integral linkage between creativity and economic development on the overall quality of life in a community. The expansion of the already successful Arts Honoree of the Month to include an Innovation Honoree better reflects our identity as a City of Arts & Innovation” said Mayor Ron Loveridge.
The first Innovation Honoree to be recognized is Amro Albanna, a long time contributor to Riverside’s tech and innovation endeavors including being a founding member of the High Technology Task Force Report, CEO Forum and a long time SmartRiverside board member. Mr. Albanna is instrumental in fostering start-up technology companies in Riverside and created the Innovation Economy Corporation (IEC) as a one-stop shop approach. IEC is a creative way to harvest the best research at UCR and in the community and bring together the resources, people, and capital to incubate startup companies in technology, bio-medicine and environmental science.
One of the recent commercialization initiatives is a partnership with UCR where the IEC obtained the intellectual property (IP) and research and creating OLFactor Laboratories Inc. OLFactor research may be the next big breakthrough in fighting malaria, dengue fever, west Nile virus and other tropical disease around the world. Another majority owned subsidiary of IEC is Nano Engineering Applications, Inc or NEA. This company has created patent pending chemical and gas detection technology which was acquired by exclusive license from UCR, to serve a broad spectrum of industries.
“Riverside is proud to recognize the significant efforts of Mr. Amro Albanna in developing new businesses, keeping our graduates here and growing the economic development of our city and this region” concluded Mayor Loveridge.