Local investor group aims to market UA tech ideas

December 20, 2007

By hammersmith

[Source: Jack Gillum, ARIZONA DAILY STAR] – If Alicia Reeves and Olin Feuerbacher have their way, testing time for dangerous E. coli bacteria would be cut to a fraction of what it takes now.

The duo hope to move that vision closer to reality with backing from a new group of local investors created to help bring University of Arizona technologies to market.

Reeves’ and Feuerbacher’s company, Innovis Technologies, is developing its E. coli test based on research performed at the UA. It was one of three biotech groups that presented their technologies on Oct. 8 at the inaugural meeting of Desert Tech Investors LLC.

Desert Tech, which has about 45 members, has entered into an alliance with the UA via the Arizona Enterprise Program. The UA’s Office of Technology Transfer is working with Desert Tech to invest $400,000 in research on UA innovations with “high commercial potential,” the UA said.

The group’s president, Jerry Sonenblick, and its executive vice president, Bob Morrison, are members of the Desert Angels. That local group is made up of so-called “angel” investors