Tuesday, January 30, 2007
Michael Shore, MEDC
Micro- and Nanotechnology Development Ranking Up from #5 Last Year
Governor Jennifer M. Granholm announced today that SmallTimes magazine has named Michigan fourth in the nation for small tech innovation, up from fifth last year. Small tech innovation includes the development and applications of microelectromechanical systems (MEMS), microsystems, and nanotechnology.
”Micro-technology development is the type of emerging sector we want to continue growing here in Michigan as we work to diversify the state’s economy,” Granholm said. “Strengthening the small tech companies that already call Michigan home and encouraging new companies to come here will create good paying jobs and opportunities for entrepreneurs across the state.”
Among the Michigan companies developing micro-technology products are EnTire Solutions (Farmington Hills), tire pressure sensors; Tellurex (Traverse City), solid-state thermoelectric power generation and cooling technology and Advanced Photonix (Ann Arbor), optoelectronics.
“These innovative companies are building the foundation for the growth of a new industry in Michigan,” Michigan Economic Development Corporation President and CEO James C. Epolito said. “Their efforts are contributing significantly to our efforts to diversify the state’s future economy.”
Innovation is one of five categories that will be used to determine Small Times’ annual overall state rankings. The rankings are based on criteria used by economists who specialize in emerging technology hubs. A compilation of the individual categories and the overall state rankings will appear in the July/August 2007 issue of the magazine. In the innovation category, California, New Mexico, and Massachusetts were ranked in the top three spots.
The Michigan Economic Development Corporation was instrumental in creating the Michigan Small Tech Association, an organization helping to grow Michigan’s emerging small tech sector, in 2002. More information is available at www.michigansmalltech.com.
The MEDC, 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. For more information on the MEDC’s initiatives and programs, visit the Web site at www.michigan.org.
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