Harris & Harris Group Inc.

NEWS RELEASE

HARRIS & HARRIS GROUP, INC.	MARCH 16, 2005
111 WEST 57TH STREET
NEW YORK, NEW YORK 10019
NASDAQ/NMS SYMBOL: TINY
CONTACT: DOUGLAS W. JAMISON
TEL. NO. (212) 582-0900

MOLECULAR IMPRINTS WINS EE TIMES' ACE AWARD FOR "MOST PROMISING NEW TECHNOLOGY"

Shareholders of Harris & Harris Group, Inc., may be interested to know that Molecular Imprints, Inc. (MII) (www.molecularimprints.com), won the EE Times' Annual Creativity in Electronics (ACE) Award for "Most Promising New Technology." MII's Step and Flash Imprint Lithography (S-FILTM) technology was chosen for the award, which goes to a compelling electronic component or enabling technology that is outstanding in its technical design, potential for market impact and demonstrated leadership in its area.

Harris & Harris Group invested $2 million in privately held Molecular Imprints on March 31, 2004. The company develops and manufactures nano-lithography systems for high resolution and for 3-dimensional pattern replication. The company is commercializing their Step and Flash Imprint Lithography technology (S-FILTM), which is a simple step and repeat, room temperature, low pressure, nano-imprint process that has demonstrated sub-20 nanometer resolution.

Harris & Harris Group is a publicly traded venture capital company that now makes initial investments exclusively in tiny technology, including nanotechnology, microsystems and microelectromechanical systems (MEMS). The Company's last 22 initial private equity investments have been in tiny-technology enabled companies.

Harris & Harris Group is a business development company with 17,248,845 common shares outstanding.

Detailed information about Harris & Harris Group and its holdings can be found on its website at www.TinyTechVC.com.

This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect the Company's current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release. Please see the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission for a more detailed discussion of the risks and uncertainties associated with the Company's business, including but not limited to the risks and uncertainties associated with venture capital investing and other significant factors that could affect the Company's actual results. Except as otherwise required by Federal securities laws, Harris & Harris Group, Inc., undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties.