UCF Spinout firm Nano Discovery Wins 2015 TechConnect Innovation Award for New Cancer Detection Screening Using Gold Nano Particles
Orlando, Fla. (June 1, 2015) — Nano Discovery, Inc. has been named a 2015 TechConnect Innovation Award winner. Only the top 20 percent of the hundreds of technologies submitted were selected to receive awards and be showcased at the TechConnect 2015 Innovation Summit this month in Washington, D.C.
Dr. Treen Huo, CEO, will showcase Nano Discovery’s blood test for early detection of cancer and autoimmune diseases before an audience of potential investors and licensing partners. The company is seeking additional funding to further test its process and as well as partners to commercialize the procedure.
Nano Discovery’s invention utilizes about a dollar’s worth of microscopic gold particles to detect early signs of cancer in the blood. With a simple finger prick and some sophisticated testing equipment, Nano Discovery’s test takes just a few moments. The test is significantly more reliable than the standard early screening for cancers such as prostate cancer which currently is screened using the Protein Specific Antigen test (PSA). Nano Discovery’s testing process is proving effective at identifying cancer cells much earlier than most existing tests.
The lower cost and ease of administration mean the testing procedure could be done in a doctor’s office or pharmacy. Those factors along with the high degree of accuracy mean the procedure could save literally millions of lives by detecting the presence of cancer cells early on when treatment is most effective.
Nano Discovery is a client company of the UCF Business Incubation Program Central located at Central Florida Research Park in East Orange County.
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For more information about this press release:
Dr. Treen Huo, Ph.D., CEO, Nano Discovery, Inc. 407-882-2845 Qun.Huo@ucf.edu
Carol Ann Dykes, Sire Manager, UCF Business Incubation Program, 407-207-7426 firstname.lastname@example.org
Larry Vershel or Beth Payan, Larry Vershel Communications Inc. 407-644-4142 Lvershelco@aol.com
About the UCF Business Incubation Program:
The University of Central Florida Business Incubation Program is a community resource that provides early-stage companies with the tools, training and infrastructure to become financially stable, high growth / impact enterprises. Since 1999, this award-winning program has helped hundreds of local startup companies reach their potential faster by providing vital business development resources.
With seven facilities throughout the region, the UCF Business Incubation Program is an economic development partnership between the University of Central Florida , the Corridor, Orange , Osceola, Seminole and Volusia Counties , and the cities of Apopka, Kissimmee , Orlando and Winter Springs. Participating companies sustain more than 3,600 local jobs and have had a total impact of $1.51B on regional sales and $2.48B on regional economic output. During the last fiscal year, the program has returned $7.95 for every $1.00 invested in the program. For more information, visit www.incubator.ucf.edu.