AUSTIN, Texas, March 15 /PRNewswire/ -- What: Small Times magazine today issued its fourth annual ranking of the top 10 micro and nanotechnology states in the United States. Small Times magazine's annual ranking is considered by nanotechnology industry leaders to be the benchmark of the industry. The State of Texas was ranked number five on this list. Kelly Kordzik, President of the Texas Nanotechnology Initiative (TNI) and Chair of the Nanotechnology Practice for Winstead Sechrest & Minick P.C., has issued the following statement regarding the Small Times ranking: "The State of Texas continues to see growth within the nanotechnology market and is well positioned to further increase its leadership profile in the application of nanotechnology to create and improve a vast array of industries and products. While Texas is holding steady in the number five slot, additional resources are added year over year to the already abundant talent in place, fueling the job market and acting as an economic catalyst for the Texas economy. The State possesses the right assets and resources required to enable nanotechnology to become a viable and successful industry. TNI is dedicated to collaborating across the state, and leading the charge to ensure nanotechnology continues to play a vital role in our state's economy." The rankings follow a standard economic model for tracking technology development in states by measuring activities in six categories: research, industry, venture capital, innovation, workforce and costs. States get a score in each category. The categories are then weighted and added for a final score. Texas retained its number five standing based on additional support from the venture capital community, an increase in the number of micro and nanotechology companies and significant improvement within the workforce standing. For more information about the rankings, please go to http://www.smalltimes.com For more information about the Texas Nanotechnology Initiative, please go to http://www.texasnano.org Who: Kelly Kordzik is considered one of the leading nanotechnology legal authorities in the industry. He is the President of the Texas Nanotechnology Initiative (TNI) and Chair of the Nanotechnology Practice for the law firm of Winstead Sechrest & Minick P.C. TNI is dedicated to establishing Texas as a world leader in the discovery, development and commercialization of nanotechnology. It is an organized consortium of Texas-based universities, industry leaders, investors, and government officials in order to allow communication, collaboration, and the sharing of resources to accelerate the realization of our goal.
SOURCE Winstead Sechrest & Minick P.C.; Texas Nanotechnology Initiative