San Diego, CA, December 06, 2009 --(PR.com
)-- Symmetry Advisors announced today that Intelligent Optical Systems, Inc. (IOS) of Torrance, California, has been awarded Administrative Supplement funding by the National Institutes of Health, under the American Recovery and Reinvestment Act of 2009, for the development of a nanosensor platform technology for early detection of ovarian cancer.
The ARRA funding request was supported by commercialization research and planning services provided by Symmetry Advisors. According to Dr. Glenn Bastiaans, Senior Scientist and Group Leader at IOS, Symmetry's work product represented a 10x improvement over the quality of commercialization inputs delivered to IOS by previous external service providers.
"The early-stage funding environment is very competitive in the life sciences. R&D companies must comply with NIH research grant priorities, while also developing an early view of which applications are likely to get market traction several years out," said Riccardo Cannaviello, founder of Symmetry Advisors. "Intelligent Optical Systems is ahead of many of its competitors in leveraging commercialization research and planning. This advantage improves the likelihood of adoption for IOS's innovative technology platforms."
About Symmetry Advisors
Symmetry Advisors specializes in creative deal origination and deal development for the innovation economy. The firm works with corporate, institutional, academic, and entrepreneurial clients, all world-class contenders in their respective fields. Symmetry is active in three areas:
- Technology Commercialization. Short- to medium-term engagements, to commercialize innovations created by leading scientists and engineers, in the Life Sciences and Information Technology sectors.
- Advisory services, at the nexus of strategy and finance. Medium to long-term development of transformational initiatives, for larger clients facing challenges at strategic inflection points, often leading to restructurings or to important strategic and financial transactions beyond the clients' traditional comfort zones.
- Merchant Banking for proprietary ventures. Long-term, high-risk development projects, undertaken at the point of inception with talented, creative inventors and entrepreneurs.
About Intelligent Optical Systems
Intelligent Optical Systems is a leading-edge technology development company with expertise in physics, chemistry, biology, optoelectronics, and computer science. IOS develops cutting edge-technologies in optical sensing and instrumentation, taking innovative technologies through the development cycle, all the way to fully-functioning independent spin-off companies that focus on physical, chemical, remote sensing, and biological sensing instrumentation in key markets.