U.S. States Turn to Nanotechnology for Jobs, Investment New Lux Research report ranks U.S. states on economic development from

nanotech:



Massachusetts, California, and Colorado Lead



    WASHINGTON, Jan. 25 /PRNewswire/ -- U.S. states poured more than
 $400 million into nanotechnology research, facilities, and business incubation
 programs in 2004 -- on top of greater than $1 billion in federal government
 spending -- making nanotech the largest publicly-funded science initiative
 since the space race. But states' efforts vary wildly in scope, effectiveness,
 and impact, according to a new report from Lux Research entitled "Benchmarking
 U.S. States for Economic Development from Nanotechnology." Lux Research
 Managing Director F. Mark Modzelewski will present the report in an exclusive
 briefing to the U.S. Department of Commerce tomorrow.
     "Multiple stakeholders -- including state and local officials, federal
 representatives, large corporations, start-ups, investors, and universities --
 have a vested interest in making nanotechnology efforts succeed," said
 Modzelewski. "Biotechnology created more than 400,000 jobs from 1979 to 1999.
 Nanotechnology promises a far greater economic impact because it can affect
 not just biologically derived products, but all manufactured goods. Also, it's
 not just new jobs that are at risk from nanotech; existing ones in industries
 impacted by nanoscale science are on the line as well."
     To rank U.S. states on their ability to develop their economies through
 nanotechnology, Lux Research constructed a quantitative assessment tool that
 ranked all 50 states on 16 criteria. Lux Research independently assessed
 states' level of nanotechnology activity -- including metrics like state
 nanotech spending, the status of a state nanotech initiative, companies active
 in nanotechnology in the state, and in-state nanotech patents -- as well as
 states' general technology development strength, which includes metrics like
 R&D inputs, size of technology and science workforce, concentration of high-
 tech companies, and corporate taxation and regulatory burdens. States were
 ranked on a relative basis according to their populations, so a single
 nanotechnology center in New Hampshire has a greater impact than the same
 center would in Texas. The study found that:
 
     * States vary widely across the metrics assessed by Lux Research. For
       example, New York has the greatest state-level funding of more than $150
       million in 2004 while 20 states including New Hampshire and Utah
       committed almost nothing; California boasts the highest number of
       nanotech patents with over 200, but 11 states have none to date.
 
     * The top states combine a high level of nanotech activity with a strong
       track record in commercializing advanced technologies -- but they aren't
       without flaws. Number-one-ranked Massachusetts has excelled in nanotech
       because of its leading universities and high concentration of technology
       entrepreneurs, but does not have a coordinated statewide initiative; #2
       California is vulnerable to high taxes and regulatory hurdles that
       encourage businesses to elsewhere, and has seen leadership shake-ups at
       the California NanoSystems Institute; and #3 Colorado has committed
       little state-level funding, relying instead on federal appropriations
       and individual companies.
 
     * A number of up-and-coming states are moving in on today's leaders.
       Number 11 Washington state has developed one of the first nanotechnology
       degree programs at the University of Washington, #13 Pennsylvania has
       built a large number of regional alliances with corporations and
       universities throughout the mid-Atlantic through its Ben Franklin
       Partners initiative, and #15 Minnesota boasts stellar R&D both at the
       University of Minnesota and at corporations like 3M and Cargill Dow.
 
     "Leading states have three things in common," Modzelewski commented.
 "First, they involve all relevant stakeholders in developing nanotechnology
 initiatives rather than leaving the effort to universities. Illinois Governor
 Blagojevich's administration has done a particularly strong job in partnership
 with the Daly administration in Chicago, corporations, start-ups, the
 universities, non profits and investors. Second, they focus on
 commercialization from the outset -- as California did when it recruited
 entrepreneur Derrick Boston to lead the commercialization effort for the
 California NanoSystems Institute. Third, they play to strengths. For example,
 Arizona exploited assets donated by Motorola to develop nanotech efforts in
 electronics, where it already has a concentration of research activity."
     The report is available immediately to clients of Lux Research's
 Nanotechnology Strategies advisory service. For information on how to become a
 client, contact Rob Burns, Vice President of Sales, at (646) 723-0708. Special
 terms are available for public sector institutions.
 
     Lux Research's linear ranking of U.S. states for economic development from
 nanotechnology follows:
 
      1   Massachusetts
      2   California
      3   Colorado
      4   Virginia
      5   New Mexico
      6   New Jersey
      7   Connecticut, Maryland (tie)
      9   Illinois
      10  New York
      11  Washington
      12  New Hampshire
      13  Pennsylvania
      14  Texas
      15  Minnesota
      16  Arizona
      17  Oregon
      18  Vermont
      19  Georgia, Michigan (tie)
      21  Delaware
      22  Rhode Island, Utah (tie)
      24  Indiana
      25  Oklahoma
      26  North Carolina
      27  Idaho
      28  Nevada
      29  Ohio
      30  Kansas, Montana (tie)
      32  Wisconsin
      33  Iowa
      34  Tennessee
      35  Florida
      36  Nebraska
      37  Maine
      38  Kentucky, Louisiana, Wyoming (tie)
      41  Missouri
      42  Alabama, South Carolina (tie)
      44  North Dakota
      45  West Virginia
      46  South Dakota
      47  Alaska, Arkansas, Hawaii, Mississippi (tie)
 
     About Lux Research:
     Lux Research is the world's premier research and advisory firm focusing on
 the business and economic impact of nanotechnology and related emerging
 technologies. Lux Research provides continuous advisory services, customized
 consulting, and reference studies to corporations, start-ups, financial
 institutions, and public sector organizations. Our founders and our research
 staff are the most widely recognized nanotechnology visionaries throughout the
 world. Visit http://www.luxresearchinc.com for more information.
 
 

SOURCE Lux Research

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