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 enable innovators to capture the earnings from their creations. In a paper published with colleagues from universities in Germany and India, we examined how this also makes it more difficult for new and a lot 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 just that. Tesla CEO Elon Musk “shocked” the world in 2014 as he announced that his company was joining the open source movement and giving away its patents for free. It is important to be aware of the rationale here. Why would a business that had worked so hard to build up and protect its technology from its global car manufacturer competitors suddenly give its technology away at no cost?
Tesla initially developed How To Patent A Product Idea its technology. However, Tesla’s concern that it would 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 less than 1% of total vehicle sales. So Tesla changed its strategy from trying 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 made, then more battery recharging stations will likely be built too. This could make electric cars become more visible, along with a more conventional choice. Tesla believes an open intellectual property strategy can strengthen instead of diminish its position by building how big the electrical car market, and consequently, build its own share from the total automotive market.
This kind of careful management of intellectual property at company level, supported by policy-level awareness, can be a powerful way 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 Inventhelp Caveman Commercial is fixed by water scarcity, pollutants, extreme environmental events like 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 these particular industries to navigate a path around these problems, new knowledge as well as the innovations that follow is going to be essential. As well as in knowledge economies, intellectual property may either be an enabler or even an inhibitor.
If the ownership of intellectual property is fragmented inside an industry, it can decrease technology innovation and uptake, like within 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 used to safeguard and prolong lifecycles. This transformation may see knowledge sharing leading to accelerated innovation cycles as well as a wksgqs rapid uptake of sustainable alternatives within a sector: precisely what Tesla was dreaming about in electric vehicles.
This strategy to intellectual property, so-called “open IP”, is well advanced and mature in the software industry and healthcare. It offers given usage of life-saving medicines to thousands of people, particularly in Inventhelp Ideas through patent pools, such as the Medicine Patent Pool. This type of project relies upon multinational pharmaceutical companies sharing their intellectual property, but small companies may also play a strategic roles in creating these new, more sustainable systems, and it’s its not all about open IP.