One of these lies in the way the world manages the creation and ownership of inventions and ideas. A protectionist method of Patent Companies is made to protect and prolong the lifecycle of existing technologies, and allow 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 tougher for new and more sustainable technologies to be developed and adopted. That explains why now there are 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 when he announced that his company was joining the open source movement and giving out its patents for free. It is essential to be aware of the rationale here. Why would a company which had worked so hard to produce and protect its technology from the global car manufacturer competitors suddenly give its technology away free of charge?
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 production of electric cars never got 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 attempting to encourage them to the market.
Portion of the reasoning here is when more electric cars are made, then more battery recharging stations will be built too. This would make electric cars be a little more visible, along with a more conventional choice. Tesla believes that an open intellectual property strategy can strengthen instead of diminish its position by building how big the electrical car market, and for that reason, build its own share in the total automotive market.
This kind of careful management of Inventhelp Locations at company level, maintained by policy-level awareness, can become a powerful approach to secure the same forms of transitions to more sustainable technologies in other industries too.
Energy supply faces a multitude of difficulties: the depletion of natural resources; air pollution and greenhouse gas emissions; nuclear risks; and security of supply. Water supply sector is fixed by water scarcity, pollutants, extreme environmental events including 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 to address malnutrition in poor countries.
For such industries to navigate a path around these complications, new knowledge as well as the innovations that follow is going to be essential. As well as in knowledge economies, intellectual property can either be an enabler or perhaps an inhibitor.
In the event the ownership of intellectual property is fragmented inside an industry, it can slow down technology innovation and uptake, including inside the electronics industry where multiple players own complementary patents. However, firms can instead open up their innovation processes and move away from jealously guarded, internal cultures, where intellectual property is utilized to briaac and prolong lifecycles. This change may see knowledge sharing that leads to accelerated innovation cycles along with a more rapid uptake of sustainable alternatives within 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 in the software industry and healthcare. It provides given access to life-saving medicines to thousands of people, especially in developing countries through patent pools, such as the Medicine Patent Pool. This kind of project depends on multinational pharmaceutical companies sharing their Inventhelp Review, but small companies can also play a strategic roles in creating these new, more sustainable systems, and it’s not every about open IP.