Patent pending: Baltimore lags nation in commercializing intellectual capital

The Baltimore area is a hub of intellectual and technological capital, but a new report says the city ranks behind the national curve when it comes to patenting this research.

The Baltimore region ranks 116th out of 358 metro areas across the country when it comes to per capita patent applications, according to a report released Friday by the Brookings Institution. And while the number of patents granted per year nationally has increased by roughly 50 percent, the number of patents granted in the…