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Austin Ranks #2 in Forbes' "America's Most Innovative Cities"

.....Austin's culture of innovation may be boosted by well-known tech credentials like the South by Southwest (SXSW) Web startup and music festival held annually in March, as well as the nearby headquarters of hardware industry giants Dell ( DELL - news - people ) and Freescale Semiconductor ( FSL - news - people ). But they also have two secret weapons in the innovation race: the University of Texas's Cockrell School of Engineering, and IBM's ( IBM - news - people ) Austin research lab.

IBM produces more patents than any other company in the world, and for the last seven years Austin has produced more of those patents than any other IBM office. In total the lab produced 880 patents in 2009. That's just 30 less than all of Cisco, and 300 more than Sun Microsystems ( JAVA - news - people ), Boeing ( BA - news - people ), AT&T ( T - news - people ) or Toyota ( TM - news - people ). Six of IBM's 25 top inventors live in Austin, including one with more patents to his name than any other IBMer, a chip-focused engineer named Ravi Arimilli. "For IBM, Austin has evolved into a real hotbed of innovation," says Tony Befi, the company's site manager.

Befi cites the University of Texas at Austin as a major source of the area's innovative workers. It ranks ninth on the U.S. News World and Report list of best engineering schools, but its size helps to distinguish it. Every year its Cockrell School of Engineering pumps out more than 1,000 undergraduates, far more than higher-ranked engineering schools like MIT, Caltech or Stanford. "Employers come to Austin because they can get quality and quantity," says Michael Powell, director of the school's career center.....To read more click here..... 

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