SOURCE: Small Times Media

March 14, 2005 10:00 ET

Top 10 States in Micro and Nanotechnology

From the Leading Source of Business Information About Micro and Nanotechnology

ANN ARBOR, MI -- (MARKET WIRE) -- March 14, 2005 -- Changes in commercialization activities and research and business funding fueled movement in Small Times magazine's fourth annual ranking of the top 10 micro and nanotechnology states in the United States. Small Times magazine's annual ranking is considered the benchmark of the industry.

"Economic development groups need to examine their region's micro and nanotechnology activity closely because states taking an early lead will reap the economic rewards over the next five to 10 years," said Patti Glaza, Small Times Media CEO. "Because micro and nanotechnology are platforms that are utilized in almost all industries, states can capitalize on the sectors they have already worked hard to build. Industries as diverse as life sciences, energy, automotive, textiles, consumer products, and agriculture, to name a few, are already benefiting."

The Top 10 Micro and Nanotechnology Hot Spots

Small Times magazine is the most respected source of business information about micro and nanotechnology. Small Times determines its rankings based on formulas that use its proprietary research as well as state and federal data. More information is available at www.smalltimes.com.

#1: California 2004 ranking - 1; 2003 ranking - 1 California keeps growing with new companies, research and venture capital dollars.

#2: Massachusetts 2004 ranking - 2; 2003 ranking - 2 Amherst, Lowell and other regions have joined Boston as Massachusetts marches toward dominance.

#3 New Mexico 2004 ranking - 3; 2003 ranking - 3 Despite its two national labs, New Mexico remains in third without enough private investment.

#4 New York 2004 ranking - 4; 2003 ranking - 7 Holding its own, New York gets more companies and venture capital dollars to support them, but falls in business grants.

#5 Michigan 2004 ranking - 8; 2003 ranking - 9 Known for all things automotive, Michigan may be diversifying. Growth in industry and commerce helps offset a dip in research funding.

#5 Texas 2004 ranking - 5; 2003 ranking - 5 Texas shares its fifth-place title after losing ground as a research and industry leader. Some venture capital success nudged it back.

# 7 Illinois 2004 ranking - 6; 2003 ranking - 8 Its outstanding research institutions have propped up Illinois' standing in past years but can't remain a crutch for much longer.

# 8 Maryland 2004 ranking - 11; 2003 ranking - 6 Maryland returns to the top 10 after just missing the cut last year, thanks in part to a new $235 million federal lab.

#9 North Carolina 2004 ranking - 17; 2003 ranking - 20 The pieces fall into place for North Carolina, whose universities and workers are beginning to attract attention from venture capital firms.

#10 Ohio 2004 ranking: 10 - 2003 ranking - 17 Ohio stays on course with modest but respectable gains on its academic and industrial fronts.

States to Watch

Micro and nanotechnology activity isn't limited to the top 10 states. Small Times also identified Connecticut, Pennsylvania, Colorado, Virginia, Florida and Wisconsin as states to watch over the next year as they build and market their micro and nanotechnology capabilities.

For more details on this year's rankings, go to www.smalltimes.com.

The Analysis

Small Times magazine determines its rankings based on quantitative analysis that uses its proprietary research, as well as state and federal data. States are evaluated in six categories, which were then weighted and added for an overall score between 100 and 1. The categories are: research, industry, venture capital, innovation, workforce and costs.

Nano and Microtechnology Overview

Nanotechnology, MEMS and microsystems are platform technologies that involve the assembling and/or manipulation of objects at the micro (millionth) or nano (billionth) meter scale that can help create novel products or make existing products a combination of the following: stronger, lighter, faster, safer, cheaper.

About Small Times Media

Small Times Media is the leading source of business information and analysis on micro and nanotechnology. The company offers market research, economic development services, plus full industry coverage through its various products. Small Times Media's business trade magazine, Small Times, and weekly e-mail newsletter reach more nanotechnology, MEMS and microsystems business decision makers than any other publication. Its daily news Web site, www.smalltimes.com, garners more than 200,000 visitors each month from all over the world. Small Times Media is headquartered in Ann Arbor, Mich.

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