The Michigan Economic Development Corporation (MEDC) announced today that Small Times magazine has named Michigan one of the top states in the race to become the nation’s center for the small tech industry. Michigan came in ninth in the annual small tech hot spots rankings found in the March/April issue. When comparing the volume of MEMS and microsystems companies by state, Michigan came in third place nationally.
The rankings are based on criteria used by economists who specialize in emerging technology hubs. The magazine attributes Michigan’s entry into the rankings to smart initiatives and cooperative partners.
“Michigan is the proud home to many up-and-coming small tech companies,” said Michigan Governor Jennifer M. Granholm. “Through the implementation of my Technology Tri-Corridor plan, we hope to continue to develop this cutting edge industry, ensuring that Michigan will finish at the head of the pack in this race.”
The top ten states in the Small Times ranking are: California, Massachusetts, New Mexico, Arizona, Texas, Maryland, New York, Illinois, Michigan and Pennsylvania.
For MEMS and microsystems, the top 10 states based on the number of companies are: California (1); Massachusetts (2); Michigan, New Jersey and Texas (tied for 3); Illinois and Pennsylvania (tied for 6); North Carolina (8); New York (9); and Minnesota (10).
States that win the small tech race are likely to reap significant economic rewards. The National Science Foundation projects a $1 trillion annual market by 2015 for nanotechnology alone.
Last year, Michigan was not ranked in the Small Times annual analysis, but was named an up-and-coming state to watch recognized for its growing activity in the small tech industries.
"This year's Small Times magazine rankings show how the leading states, including Michigan, are achieving this new growth,” said Steve Crosby, vice president and managing editor of Small Times Media. “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."
The term “small tech” in its common use includes the development and applications of microelectromechanical systems (MEMS), microsystems and nanotechnology.
Thousands of small tech devices are in common use today, including sensors for automobile air bags and inhaler parts used to administer proper doses of asthma medication. Micro devices and sensors are considered enabling technologies that are having a significant impact within a wide variety of industries. A few examples of Michigan companies developing micro technology products include:
- Integrated Sensing Systems (Ann Arbor), medical sensors
- Keweenaw Nanoscience Center (Lake Linden), nanofabrication systems
- Delphi Corporation (Troy), accelerometers and automotive sensors
- Sensicore (Ann Arbor), multi-sensor water testing
- Coherix (Grandville), precision measurement tools
Michigan’s leadership in the small tech industry was apparent in its selection as the host for the seventh annual International Conference on the Commercialization of Micro and Nano Technologies, held in Ypsilanti last fall.
This week, the state launched a dedicated small tech website at www.michigansmalltech.com.
Small Times Media LLC, headquartered in Ann Arbor, Mich., is the leading source of business news and information about the small tech industry. The company offers full small tech news coverage through its bimonthly magazine, Small Times, a daily news Web site, and a weekly e-newsletter, Small Times Direct. For more information visitwww.smalltimes.com.
The Michigan Economic Development Corporation, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing services to create and retain good jobs and a high quality of life.
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