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Mid-sized cities outperform major metros at turning economic growth into patents

New research provides ammunition for spreading federal R&D dollars beyond Silicon Valley. Economists Federica Coelli (EBRD) and Paul Pelzl (NHH Norwegian School of Economics) studied 2.5 million patents across 759 U.S. communities over 40+ years. Their finding: smaller urban areas innovate effectively when economies improve. Current reality: Just 5% of U.S. communities produce 75% of all patents. Share By the numbers: The boom effect: 8.3% increase in overall patents when oil/gas employment

Appeals court tosses $300 million Optis patent verdict against Apple

On Monday, Apple scored a big legal victory in one of its longest-running patent battles, when the U.S. Court of Appeals for the Federal Circuit overturned a $300 million damages award the company had been ordered to pay to Optis Wireless Technology. This latest decision (via Reuters) marks the second time a nine-figure damages verdict in this case has been thrown out. Now, the case is heading back to Texas for yet another trial. What’s this case about again? Optis, a Texas-based IP managemen