One of these lies in the way the world manages the creation and ownership of inventions and concepts. A protectionist strategy to New Inventions is designed to protect and prolong the lifecycle of existing technologies, and allow 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 there are now other approaches being used to move key sectors to more sustainable systems and end this status quo.
Electric car manufacturer Tesla, continues to be doing 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 out its patents free of charge. You should be aware of the rationale here. Why would a company which had worked so difficult to build up and protect its technology from its global car manufacturer competitors suddenly give its technology away for free?
Tesla initially designed a patent portfolio to guard its technology. However, Tesla’s concern that it will be overwhelmed once established car makers ramped up their creation of electric cars never came to pass. Instead, it saw the electric car market stagnate at lower than 1% of total vehicle sales. So Tesla changed its strategy from attempting to prevent others from building electric cars to seeking to encourage them to the market.
Part of the reasoning here is when more electric cars are designed, then more battery recharging stations is going to be built too. This could make electric cars be a little more visible, along with a more conventional choice. Tesla believes an open intellectual property strategy can strengthen as opposed to diminish its position by building the size of the electric car market, and consequently, build its own share of the total automotive market.
This sort of careful handling of Patent Invention at company level, backed up by policy-level awareness, could be a powerful approach to keep the same types of transitions to more sustainable technologies in other industries too.
Energy supply faces a range of difficulties: the depletion of natural resources; air pollution and greenhouse gas emissions; nuclear risks; and security of supply. Water supply sector is restricted by water scarcity, pollutants, extreme environmental events including flooding and expenses related to supplying water to communities in poor countries and remote communities. The agri-food sector, meanwhile, is under pressure to sustainably produce more food and to address malnutrition in poor countries.
For these industries to navigate a path around these complications, new knowledge and also the innovations that follow will be essential. As well as in knowledge economies, intellectual property either can be an enabler or even an inhibitor.
In the event the ownership of Inventhelp Caveman Commercial is fragmented inside an industry, it may decrease technology innovation and uptake, like inside the electronics industry where multiple players own complementary patents. However, firms can instead start their innovation processes and depart from jealously guarded, internal cultures, where kxwlfd property can be used to protect and prolong lifecycles. This transformation may see knowledge sharing which leads to accelerated innovation cycles as well as a more rapid uptake of sustainable alternatives throughout a sector: just what Tesla was dreaming about in electric vehicles.
This approach to intellectual property, so-called “open IP”, is well advanced and mature inside the software industry and healthcare. It offers given use of life-saving medicines to thousands of people, particularly in developing countries through patent pools, like the Medicine Patent Pool. This sort of project relies 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 its not all about open IP.