UNITED STATES

SECURITIES AND EXCHANGE
COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Copies to:

Stan Yakatan
c/o Grant Ventures, Inc.
56 West 400 South, Suite 220
Salt Lake City, Utah 84101
(801) 322-3401

Steven S. Pretsfelder, Esq.
Brown Raysman Millstein Felder & Steiner LLP
900 Third Avenue
New York, New York 10022
(212) 895-2000

This Schedule 13D is being filed by Michael Ahlin (the “Reporting Person”).

Except as expressly otherwise set forth in this Schedule 13D, the Reporting Person disclaims beneficial ownership of the shares of Common Stock (as defined below) beneficially owned by any other Reporting Person or any other person.

Item 1.

Security and Issuer

This Schedule 13D relates to shares of common stock, $.001 par value per share (the “Common Stock”), of Grant Ventures, Inc., a Nevada corporation (the “Company”).  The address of the principal executive office of the Company is 56 West 400 South, Suite 220, Salt Lake City, Utah 84101.

Item 2.

Identity and Background

Michael Ahlin, a United States citizen, is the Vice President and a director of the Company.  The principal address of Michael Ahlin is 4770 Ichabod, Holladay, Utah 84177.

During the last five years, the Reporting Person has not been: (i) convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Item 3.

Source and Amount of Funds or Other Consideration

The shares of Common Stock held of record by the Reporting Person were acquired as a result of the merger transaction described below in Item 4.

Item 4.

Purpose of Transaction

The Reporting Person acquired the shares of Common Stock of the Company as a result of a merger transaction.

On July 6, 2004, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") with Impact Acquisition Corporation, a Utah corporation, which is a wholly owned subsidiary of the Company ("Merger Sub"), and Impact Diagnostics, Inc., a Utah corporation, ("IDI"). Pursuant to the Merger Agreement, Merger Sub merged with IDI, and IDI remained as the surviving corporation and a wholly owned subsidiary of the Company (the "Merger").

Upon the consummation of the Merger on July 30, 2004, each issued and outstanding common share of IDI (other than shares of IDI to be canceled in accordance with the Agreement) was converted into the right to receive one (1) share of the Company’s common stock, par value $0.001 per share (the "Merger Consideration"). In addition, each option to purchase one share of common stock of IDI was converted into the right to receive an option to purchase one share of the Company’s common stock.

Following completion of the Merger, Stan Yakatan who was the CEO of IDI, was appointed Chief Executive Officer and President of the Company.  John Wilson was appointed as CFO and Michael Ahlin and Dr. Mark Rosenfeld were appointed as Vice-Presidents of the Company – the same positions they held with IDI prior to the Merger.

Also as part of the Merger, Stan Yakatan, Michael Ahlin, Jack Levine, Eric Wilkinson, Kevin Crow and Mark Rosenfeld were appointed to the Board of Directors of the Company and Pete Wells and Geoff Williams resigned from the Company's board.  The Company intends to appoint a seventh member to its Board of Directors in the future.

Except as described herein, the Reporting Person does not presently have any plans or proposals that relate to or would result in any of the actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

Item 5.

Interest in Securities of the Issuer

(a-b)  Michael Ahlin is the beneficial owner of an aggregate of 6,640,900 shares of Common Stock, which constitutes approximately 11.8 % of the issued and outstanding shares of Common Stock as of the date hereof.  The number of shares beneficially owned by Michael Ahlin includes (i) 5,387,900 shares of Common Stock held of record by Michael Ahlin, over which he has sole voting and dispositive power and (ii) 1,253,000 shares of Common Stock held by Princess Investments L.L.C.  As the Manager and a Member of Princess Investments L.L.C., Michael Ahlin has the indirect power to direct the voting and disposition of the 1,253,000 shares of Common Stock held by Princess Investments L.L.C.  Princess Investments L.L.C. is not a Reporting Person for purposes of this Schedule 13D.

Mr. Ahlin agreed to delay receipt of 3,387,900 of the shares of Common Stock he is entitled to receive as a result of the Merger until such time as the Company’s Articles of Incorporation have been amended to authorize the issuance of at least 65 million shares of Common Stock.  As a result, until the Company’s Articles of Incorporation are so amended, Mr. Ahlin will have the power to vote and dispose of 2,000,000 shares of Common Stock.

(c)  Except as described in Item 4, the Reporting Person has not effected any transactions in the Common Stock during the past sixty (60) days.

(d)  Not applicable.

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

The Reporting Person is not a party or subject to any contracts, arrangement, understandings or relationships with respect to the securities of the issuer.

Item 7.

Material to Be Filed as Exhibits

Exhibit A.:  Agreement and Plan of Merger (the "Merger Agreement"), dated as of July 6, 2004, between the Company, Impact Acquisition Corporation and Impact Diagnostics, Inc.  [Filed as an Exhibit to the Company’s current report on Form 8-K filed with the Commission on July 7, 2004 and incorporated by reference herein].

Dated:

August 9, 2004

/s/ Michael Ahlin

Michael Ahlin