UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): June 16, 2006

VIASPACE Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

Nevada	333-110680	76-0742386
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
171 North Altadena Drive, Suite 101, Pasadena, California		91107
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 626-768-3360

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On June 19, 2006, VIASPACE Inc. announced that it has acquired a 15% share in QWIP Systems Inc. ("QWIP Systems"), a developer of Quantum Well Infrared Photo Detectors (QWIP). QWIP Systems is publicly traded on the Canadian TSX exchange with the symbol QWP. QWIP Systems conducts its infrared business through a US subsidiary QWIP Technologies Inc. VIASPACE owned common shares in the US subsidiary that were redeemed and converted to 2,184,668 common shares of QWIP Systems. As of the conversion date, VIASPACE owns 2,388,408 common shares of QWIP Systems, or 15% of the common shares outstanding. VIASPACE holds additional common shares in the US subsidiary that can be converted to an additional 8% interest in QWIP Systems based on its current outstanding common shares.

A copy of the press release is attached to this Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits

Exhibit No. Description

99.1 Press release dated June 19, 2006

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	VIASPACE Inc.
June 16, 2006	By:	Stephen J. Muzi
		Name: Stephen J. Muzi
		Title: Chief Financial Officer

Exhibit Index

Exhibit No.	Description
99.1	Press Release Dated June 19, 2006