He said the advantage of using spider venom is that it is able to specifically target the insect, making it much more environmentally friendly than other insecticides.
"There is absolutely no risk to humans. It is very safe," he said.
Prof King said the insecticide could help eradicate malaria and dengue fever and reduce the economic cost to the Australian health system each year.
"It takes a lot of money to control dengue fever," he said.
"The best way to control outbreaks is not through drugs but by stopping the spread of mosquitoes."
Prof King will use a grant from the Australian Research Council (ARC) to fund his research, to be released in 2014.
- AAP