Small Times Magazine Names Top 10 Small Tech Hot Spots

Winners could share in an annual market topping $1 trillion by 2015



Mar 12, 2003, 00:00 ET from Small Times Media LLC

    ANN ARBOR, Mich., March 12 /PRNewswire/ -- Small Times magazine has
 identified the top 10 U.S. states leading the race to become the economic
 center of small tech, which includes nanotechnology, MEMS and microsystems.
 Small Times magazine is the leading source of business news and information
 about the small tech industry.
     The states that win the race could all see a significant economic boom.
 The National Science Foundation projects a $1 trillion annual market by 2015
 for nanotechnology alone.
     "A growing number of states have targeted small tech as a catalyst for
 economic growth," said Steve Crosby, vice president and managing editor of
 Small Times Media.  "Small tech is leading existing industries into the next
 generation of products and helping create entire new industries.
     "This year's Small Times magazine rankings show how the leading states are
 achieving this new growth," said Crosby.  "A common theme in every success
 story is a balanced cluster of new and existing businesses, world-class
 research, investment capital and a supportive government."
 
     Small Tech Hot Spots
     Small Times magazine used a statistical analysis to come up with the
 rankings, which are part of the March/April cover story.  The methodology is
 detailed later.
 
     #1:  California.  Topping the Small Times magazine list, California has
 the critical mass to attract researchers, companies and VC cash, even in rough
 economic times.
 
     #2:  Massachusetts.  This state's deep talent pool propelled Massachusetts
 into second place.
 
     #3:  New Mexico.  The Land of Enchantment's efforts to wean the state from
 the federal bankroll are paying off here.
 
     #4:  Arizona.  Although coming in fourth on the list, years of financial
 losses are taking a toll on Arizona's corporate R & D programs.
 
     #5:  Texas.  The Lone Star State's big guns are leading the charge to make
 the state No. 1, and they could succeed.
 
     #6:  Maryland.  Maryland's location gives it easy access to the nation's
 key funding sources.
 
     #7:  New York.  New York has the Big Apple's brains and bucks and
 upstate's innovation and enterprise.
 
     #8:  Illinois.  Things are looking up in the Windy City, where
 researchers, business leaders and policy-makers appear ready to cash in on the
 state's impressive intellectual capital.
 
     #9:  Michigan.  Michigan shoulders its way into the Big 10 with some smart
 initiatives and cooperative partners.
 
     #10: Pennsylvania.  Pennsylvania plays nice with its neighbors to the west
 and southeast, with impressive results.
 
     Small Times magazine also identified six other states to watch.  They
 include Colorado, New Jersey, North Carolina, Ohio, Virginia and Washington
 state.  All have significant foundations in small tech and could challenge the
 leading regions.  A complete list is available on www.smalltimes.com .
 
     How We Ranked the Regions
     Small Times researchers ranked the states based on statistical analysis of
 six categories:  research, industry, venture capital, innovation, work force
 and costs.  For the final score, Small Times weighted the categories and then
 added them for an overall score between 100 and 1.  The weightings are as
 follows:  research -- 20 percent; industry -- 20 percent; venture capital --
 20 percent; innovation -- 20 percent; work force -- 10 percent; and costs --
 10 percent.
 
     The Small Tech Market
     In 2003, the U.S. earmarked more than $847 million for small tech through
 the National Nanotechnology Initiative, up about 9.5 percent over 2002.  The
 National Science Foundation projected the annual market for nanotechnology
 products and services will reach $1 trillion by 2015.  In a recent MEMS
 Industry Group report, In-Stat/MDR predicted that the MEMS industry will reach
 $8 billion by 2006.
 
     Small Tech Perspective
     Nanotechnology is the creation and use of objects through the manipulation
 of atoms and molecules.  Currently in use as materials and coatings for
 metals, fibers and cosmetics, nanotechnology is expected to have pervasive
 uses in drug delivery, computing, communications and defense.
     Microsystems are built on a scale of millionths of a meter and are often
 created through technologies that were used to develop silicon-based
 integrated circuits.  Microsystems often contain sensing and mechanical
 capabilities on super-miniaturized chips.  They are currently used to sense a
 car crash and deploy an air bag, to sense the presence of survivors in a
 disaster and to quickly evaluate medical data and respond appropriately.  MEMS
 are microelectromechanical systems.
 
     About Small Times Media
     Small Times Media LLC is the leading source of business news and
 information about the small tech industry, which includes nanotechnology,
 MEMS, and microsystems.  The company offers full news coverage through its
 bimonthly magazine, Small Times, a daily news Web site, www.smalltimes.com ,
 and a weekly e-newsletter, Small Times Direct.  It also offers a paid small
 tech news service, Small Tech Advantage.  Small Times Media is headquartered
 in Ann Arbor, Mich.
 
 

SOURCE Small Times Media LLC
    ANN ARBOR, Mich., March 12 /PRNewswire/ -- Small Times magazine has
 identified the top 10 U.S. states leading the race to become the economic
 center of small tech, which includes nanotechnology, MEMS and microsystems.
 Small Times magazine is the leading source of business news and information
 about the small tech industry.
     The states that win the race could all see a significant economic boom.
 The National Science Foundation projects a $1 trillion annual market by 2015
 for nanotechnology alone.
     "A growing number of states have targeted small tech as a catalyst for
 economic growth," said Steve Crosby, vice president and managing editor of
 Small Times Media.  "Small tech is leading existing industries into the next
 generation of products and helping create entire new industries.
     "This year's Small Times magazine rankings show how the leading states are
 achieving this new growth," said Crosby.  "A common theme in every success
 story is a balanced cluster of new and existing businesses, world-class
 research, investment capital and a supportive government."
 
     Small Tech Hot Spots
     Small Times magazine used a statistical analysis to come up with the
 rankings, which are part of the March/April cover story.  The methodology is
 detailed later.
 
     #1:  California.  Topping the Small Times magazine list, California has
 the critical mass to attract researchers, companies and VC cash, even in rough
 economic times.
 
     #2:  Massachusetts.  This state's deep talent pool propelled Massachusetts
 into second place.
 
     #3:  New Mexico.  The Land of Enchantment's efforts to wean the state from
 the federal bankroll are paying off here.
 
     #4:  Arizona.  Although coming in fourth on the list, years of financial
 losses are taking a toll on Arizona's corporate R & D programs.
 
     #5:  Texas.  The Lone Star State's big guns are leading the charge to make
 the state No. 1, and they could succeed.
 
     #6:  Maryland.  Maryland's location gives it easy access to the nation's
 key funding sources.
 
     #7:  New York.  New York has the Big Apple's brains and bucks and
 upstate's innovation and enterprise.
 
     #8:  Illinois.  Things are looking up in the Windy City, where
 researchers, business leaders and policy-makers appear ready to cash in on the
 state's impressive intellectual capital.
 
     #9:  Michigan.  Michigan shoulders its way into the Big 10 with some smart
 initiatives and cooperative partners.
 
     #10: Pennsylvania.  Pennsylvania plays nice with its neighbors to the west
 and southeast, with impressive results.
 
     Small Times magazine also identified six other states to watch.  They
 include Colorado, New Jersey, North Carolina, Ohio, Virginia and Washington
 state.  All have significant foundations in small tech and could challenge the
 leading regions.  A complete list is available on www.smalltimes.com .
 
     How We Ranked the Regions
     Small Times researchers ranked the states based on statistical analysis of
 six categories:  research, industry, venture capital, innovation, work force
 and costs.  For the final score, Small Times weighted the categories and then
 added them for an overall score between 100 and 1.  The weightings are as
 follows:  research -- 20 percent; industry -- 20 percent; venture capital --
 20 percent; innovation -- 20 percent; work force -- 10 percent; and costs --
 10 percent.
 
     The Small Tech Market
     In 2003, the U.S. earmarked more than $847 million for small tech through
 the National Nanotechnology Initiative, up about 9.5 percent over 2002.  The
 National Science Foundation projected the annual market for nanotechnology
 products and services will reach $1 trillion by 2015.  In a recent MEMS
 Industry Group report, In-Stat/MDR predicted that the MEMS industry will reach
 $8 billion by 2006.
 
     Small Tech Perspective
     Nanotechnology is the creation and use of objects through the manipulation
 of atoms and molecules.  Currently in use as materials and coatings for
 metals, fibers and cosmetics, nanotechnology is expected to have pervasive
 uses in drug delivery, computing, communications and defense.
     Microsystems are built on a scale of millionths of a meter and are often
 created through technologies that were used to develop silicon-based
 integrated circuits.  Microsystems often contain sensing and mechanical
 capabilities on super-miniaturized chips.  They are currently used to sense a
 car crash and deploy an air bag, to sense the presence of survivors in a
 disaster and to quickly evaluate medical data and respond appropriately.  MEMS
 are microelectromechanical systems.
 
     About Small Times Media
     Small Times Media LLC is the leading source of business news and
 information about the small tech industry, which includes nanotechnology,
 MEMS, and microsystems.  The company offers full news coverage through its
 bimonthly magazine, Small Times, a daily news Web site, www.smalltimes.com ,
 and a weekly e-newsletter, Small Times Direct.  It also offers a paid small
 tech news service, Small Tech Advantage.  Small Times Media is headquartered
 in Ann Arbor, Mich.
 
 SOURCE  Small Times Media LLC