One of these lies in just how the world manages the creation and ownership of inventions and ideas. A protectionist approach to intellectual property is designed to protect and prolong the lifecycle of existing technologies, and permit innovators to capture the profits from their creations. In a paper published with colleagues from universities in Germany and India, we examined how this also causes it to be more difficult for new and more sustainable technologies to be developed and adopted. That explains why now there are other approaches being utilized to move key sectors to more sustainable systems and end this status quo.
Electric car manufacturer Tesla, has been doing just that. Tesla CEO Elon Musk “shocked” the entire world in 2014 when he announced that his company was joining the open source movement and giving away its patents for free. You should be aware of the rationale here. Why would a company which had worked so desperately to produce and protect its technology looking at the global car manufacturer competitors suddenly give its technology away at no cost?
Tesla initially developed What To Do With An Invention Idea its technology. However, Tesla’s concern that it will be overwhelmed once established car makers ramped up their manufacture of electric cars never arrived at pass. Instead, it saw the electric car market stagnate at less than 1% of total vehicle sales. So Tesla changed its strategy from seeking to prevent others from building electric cars to seeking to encourage them to the market.
Area of the reasoning here is when more electric cars are made, then more battery recharging stations will likely be built too. This could make electric cars be a little more visible, and a more conventional choice. Tesla believes that the open intellectual property strategy can strengthen as opposed to diminish its position by building the dimensions of the electrical car market, and for that reason, build their own share in the total automotive market.
This type of careful control over intellectual property at company level, supported by policy-level awareness, can be a powerful method to keep the same forms of transitions to more sustainable technologies in other industries too.
Energy supply faces an array of difficulties: the depletion of natural resources; air pollution and greenhouse gas emissions; nuclear risks; and security of supply. The Patent Help is fixed by water scarcity, pollutants, extreme environmental events like flooding and expenses associated with supplying water to communities in poor countries and remote communities. The agri-food sector, meanwhile, is under pressure to sustainably produce more food as well as address malnutrition in poor countries.
For such industries to navigate a path around these issues, new knowledge as well as the innovations that follow will be essential. And then in knowledge economies, intellectual property may either be an enabler or perhaps an inhibitor.
In the event the ownership of intellectual property is fragmented inside an industry, it may slow down technology innovation and uptake, like within the electronics industry where multiple players own complementary patents. However, firms can instead open their innovation processes and move away from jealously guarded, internal cultures, where intellectual property is used to protect and prolong lifecycles. This transformation may see knowledge sharing leading to accelerated innovation cycles along with a wksgqs rapid uptake of sustainable alternatives throughout a sector: precisely what Tesla was longing for in electric vehicles.
This strategy to intellectual property, so-called “open IP”, is well advanced and mature within the software industry and healthcare. It offers given usage of life-saving medicines to millions of people, specifically in Inventhelp Successful Inventions through patent pools, like the Medicine Patent Pool. This kind of project depends on multinational pharmaceutical companies sharing their intellectual property, but small companies can also play a strategic roles in creating these new, more sustainable systems, and it’s not every about open IP.