Michigan Makes Jump in Small Times Rankings Again

State Moves Ahead Three Places to Fifth in Latest Ranking of Top States for

Micro and Nanotechnology Development

Mar 15, 2005, 00:00 ET from Michigan Small Tech Association

    ANN ARBOR, Mich., March 15 /PRNewswire/ -- The Michigan Small Tech
 Association announced today that Michigan has moved up three spaces in the
 annual top 10 ranking of micro and nanotechnology states for 2005, tying Texas
 for fifth place.  The annual rankings are published each March by Small Times
 Magazine, and cover six categories: research, industry, venture capital,
 innovation, work force and costs.  The state jumped ahead with a strong
 showing in three key categories.
     "Making the move from eighth to fifth displays Michigan's tradition of
 invention, innovation and integration," said John Bedz, Director of the
 Michigan initiative.  "As new technologies move faster from research through
 commercialization, Michigan's industries new and old will continue to
     Leading this move for Michigan was the state's performance in three key
      -- Industry - Michigan moved up from sixth to fourth place in this
         category, which measures the business environment for companies
         working with small tech.
      -- Innovation - Michigan came in fifth in this category after not being
         recognized in the category last year. The innovation category measures
         how effective a state is at converting ideas into inventions.
      -- Venture Capital - Michigan made a strong move here from ninth to
         third.  This category measures the number and amount of VC deals in
         the state.  Michigan displayed increased activity in a category that
         showed a decrease in activity nationally.
     Federal funding for research in small technologies is expanding as the
 U.S. works to preserve its place as home to technology development.  Small
 tech enabled products have application in every industrial sector.  Ample
 opportunity exists as states seek to carve out expertise.  Michigan's strong
 history with technology research, development and integration makes it fertile
 ground for continued improvement in technology rankings.
     Joseph Giachino, Director of External Programs at the Center for Wireless
 Integrated MicroSystems, an NSF Engineering Research Center, said, "MEMS
 continues to grow as more technology finds its way into the marketplace as
 product.  The WIMS Center is a source of technology researchers and
 entrepreneurs for this rapidly expanding industry."  Giachino, who also serves
 in an advisory capacity for the Michigan initiative added, "Our center brings
 researchers from the University of Michigan, Michigan State and Michigan
 Technological University, together with industry partners to develop
 technology for commercial integration."
     About the Michigan Small Tech Association:
     The Michigan Small Tech Association is an initiative of the Michigan
 Economic Development Corporation.  It seeks to promote acceleration of this
 technology sector through research, commercialization and the fostering of
 business relationships.  MISTA works with companies, universities and
 individuals involved in or supporting micro and nanotechnology development in
 Michigan.  To find out more, visit: http://www.michigansmalltech.com .

SOURCE Michigan Small Tech Association