LOS ANGELES--(BUSINESS WIRE)--Innovation Economy Corporation has teamed up with Russell Armstrong, Managing Director of Crescent Financial Partners, Inc. (CFP), a Los Angeles-based private equity merchant banking firm, to drive research commercialization efforts in Inland Southern California. Through partnerships with top regional university research facilities, Innovation Economy Corporation will seek to create shareholder value by capitalizing on licensed technologies in the energy, medical device, and technology sectors.
Founder and CEO of Innovation Economy Corporation, Amro Albanna, is a well-respected, highly recognized business leader who has founded successful start-up technology companies and is the recipient of several prestigious regional and national entrepreneurial and business awards. He is also the co-founder of the Riverside Technology CEO Forum.
“Innovation Economy Corporation has access to some of the nation’s leading researchers, some of whom have been working on technological advancements that may have significant implications on social health issues such as reducing the spread of malaria,” remarked Albanna. “Additionally, through our subsidiary companies we hold technology licenses for innovative diagnostic technologies that could quite literally change the way we detect human viruses. This is potentially a ‘high-value win’ for Innovation Economy and its stakeholders on multiple levels by taking game changing research to global markets while promoting economic growth through innovation.”
Added Russell Armstrong, “We are excited to partner financially with Innovation Economy Corporation so they can continue the great work they have begun with local innovators. We feel there are tremendous opportunities in the Inland Southern California Region which is poised for high growth.”
About Crescent Financial Partners, Inc.
Los Angeles-based Crescent Financial Partners, Inc. (http://CrescentFinancialPartners.com) is a private equity merchant banking firm, focused on early stage and middle market opportunities. CFP is a principal investor, providing project and growth funding, business development expertise, and strategic and financial guidance.
About the Innovation Economy Initiative
The Innovation Economy (www.TheIE.org) is a privately-driven initiative in partnership with stakeholders from education and government, focused on strengthening the innovation cluster in Inland Southern California.