University of Michigan's Zell Lurie Institute for Entrepreneurial Studies Hosts Symposium on Micro and Nano Technologies Fifth Annual Event Spotlights Emerging Opportunities for

Entrepreneurship and Venture Creation in this Growing Market

    ANN ARBOR, Mich., March 28 /PRNewswire/ -- The Samuel Zell & Robert H.
 Lurie Institute for Entrepreneurial Studies at the University of Michigan Ross
 School of Business will host its Fifth Annual emerging industry symposium,
 "The Business Reality of Micro and Nano Technologies," from March 31 to
 April 1, 2005.  The symposium, presented jointly with the University of
 Michigan Office of Technology Transfer and the Michigan Small Tech Association
 (MISTA), will offer attendees the opportunity to network with national
 industry experts and Michigan-based small tech companies and researchers, in
 addition to learning about the issues involved with commercializing micro and
 nano technologies.  Registration for the event is free.
     Viewed by many as the next great frontier for entrepreneurship and venture
 creation, micro and nano technology continues to drive innovation in both the
 technology industry and venture capital community.  A recent estimate in
 BusinessWeek magazine placed global venture capital investment in micro and
 nano technology at $1 billion -- with nearly half in the last two years alone.
 And, in the recently published 2005 state-by-state rankings in Small Times
 magazine (which follows the micro and nano technology industries), Michigan
 earned strong scores for its small-tech business environment, effectiveness in
 converting ideas into inventions and venture capital dedicated to small tech
     "At the University of Michigan alone there is more than $750 million of
 research being done on campus at any given time, including extensive work in
 the micro and nano tech arena," said Joe Giachino, Director of External
 Programs, Center for Wireless Integrated MicroSystems (WIMS), an NSF
 Engineering Research Center at the College of Engineering at the University of
 Michigan.  "The challenge lies in the discovery and realization of that
 potential, and how local researchers can tap into the Michigan technology
 community to commercialize products or license technologies if they don't
 possess the required resources to do it themselves."
     Exploring issues beyond the hype associated with micro and nano
 technologies, the symposium will examine business opportunities especially as
 they relate to Michigan-based companies commercializing products in these
 industries.  Nationally recognized speakers and panelists will also explore
 the economic forces that come into play as these new technologies strive to
 reach the marketplace.
     "The vast amount of micro and nano tech research being done at
 universities and research labs, locally and nationally, has the potential to
 yield enormous venture creation opportunities for those organizations," said
 Tim Faley, Managing Director of the Zell Lurie Institute for Entrepreneurial
 Studies at the University of Michigan.  "At the Zell Lurie Institute, our
 focus has always been on training entrepreneurs through classroom instruction
 and action-based programs.  This symposium is yet another example of our
 continuing focus on providing opportunities for entrepreneurs to realize the
 promise of their ideas, while linking them with the Michigan business
 community to offer the benefit of experience and guidance."
     To register for the Fifth Annual emerging industry symposium "The Business
 Reality of Micro and Nano Technologies" for FREE, or for more information,
     About the Samuel Zell & Robert H. Lurie Institute for Entrepreneurial
     The Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies
 was formed in October 1999.  The Institute actively engages the nation's most
 successful entrepreneurs and offers an outstanding faculty comprised of both
 academic researchers and practitioners in entrepreneurship.  The Institute's
 mission is to focus the capabilities and resources of the Ross School of
 Business at the University of Michigan to provide education, and experience in
 entrepreneurship; serve as a catalyst for new venture development; and
 contribute research in the field of entrepreneurship.  Members of the Advisory
 Board include Samuel Zell, Chairman of Equity Group Investments; Michael
 Hallman, former COO of Microsoft Corporation; and Eugene Applebaum, Founder of
 Arbor Drugs, Inc.  For more information, visit the Institute online at .

SOURCE Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies

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