One of these depends on the way the world manages the creation and ownership of inventions and concepts. A protectionist method of intellectual property is designed to protect and prolong the lifecycle of existing technologies, and allow Inventhelp Inventor Stories to capture the earnings using their creations. In a paper published with colleagues from universities in Germany and India, we examined how this causes it to be tougher for new and a lot more sustainable technologies to be developed and adopted. That explains why now there are other approaches used to move key sectors to more sustainable systems and end this status quo.
Electric car manufacturer Tesla, continues to be doing exactly that. Tesla CEO Elon Musk “shocked” the world in 2014 when he announced that his company was joining the open source movement and handing out its patents free of charge. It is essential to be aware of the rationale here. Why would a company that had worked so desperately to build up and protect its technology from the global car manufacturer competitors suddenly give its technology away at no cost?
Tesla initially designed a patent portfolio to safeguard its technology. However, Tesla’s concern that it might be overwhelmed once established car makers ramped up their production of electric cars never came to pass. Instead, it saw the electrical car market stagnate at under 1% of total vehicle sales. So Tesla changed its strategy from attempting to prevent others from building electric cars to attempting to encourage them in to the market.
Part of the reasoning here is that if more electric cars are built, then more battery recharging stations is going to be built too. This would make electric cars be a little more visible, along with a more conventional choice. Tesla believes that the open intellectual property strategy can strengthen rather than diminish its position because they build the dimensions of the electric car market, and as a result, build their own share in the total automotive market.
This kind of careful management of intellectual property at company level, maintained by policy-level awareness, can be quite a powerful method to secure the same types 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 water supply sector is fixed by How Do I Patent An Idea, pollutants, extreme environmental events such as flooding and costs 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 and also to address malnutrition in poor countries.
For such industries to navigate a path around these issues, new knowledge and also the innovations that follow will likely be essential. As well as in knowledge economies, intellectual property can either be an enabler or an inhibitor.
When the ownership of intellectual property is fragmented inside an industry, it could slow down technology innovation and uptake, such as in the electronics industry where multiple players own complementary patents. However, firms can instead start their innovation processes and move away from jealously guarded, internal cultures, where intellectual property is utilized to guard and prolong lifecycles. This change may see knowledge sharing leading to accelerated innovation cycles as well as a vyltsm rapid uptake of sustainable alternatives within a sector: exactly what Tesla was longing for in electric vehicles.
This method to intellectual property, so-called “open IP”, is well advanced and mature in the software industry and healthcare. It offers given use of life-saving medicines to millions of people, especially in developing countries through patent pools, like the Medicine Patent Pool. This type of project relies on Inventhelp Inventor sharing their intellectual property, but small companies could also play a strategic roles in creating these new, more sustainable systems, and it’s not every about open IP.