One of these lies in the way the world manages the creation and ownership of inventions and concepts. A protectionist method of intellectual property was created to protect and prolong the lifecycle of existing technologies, and enable innovators to capture the earnings off their creations. In a paper published with colleagues from universities in Germany and India, we examined how this also can make it more difficult for new and much more sustainable technologies to be developed and adopted. That explains why there are now 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 handing out its patents free of charge. You should be aware of the rationale here. Why would a company that had worked so difficult to develop and protect its technology looking at the global car manufacturer competitors suddenly give its technology away at no cost?
Tesla initially developed Inventhelp Inventor Service to guard its technology. However, Tesla’s concern that it would be overwhelmed once established car makers ramped up their manufacture of electric cars never came to pass. Instead, it saw the electric car market stagnate at under 1% of total vehicle sales. So Tesla changed its strategy from seeking to prevent others from building electric cars to attempting to encourage them into the market.
Area of the reasoning here is that if more electric cars are built, then more battery recharging stations is going to be built too. This could make electric cars become a little more visible, as well as a more conventional choice. Tesla believes that an open intellectual property strategy can strengthen as opposed to diminish its position because they build how big the electric car market, and for that reason, build its very own share in the total automotive market.
This kind of careful handling of intellectual property at company level, supported by policy-level awareness, can be quite a powerful approach to keep the same types 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. This type of 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 as well as address malnutrition in poor countries.
For these particular industries to navigate a path around these problems, new knowledge and the How To Patent Your Idea that follow is going to be essential. And in knowledge economies, intellectual property may either be an enabler or even an inhibitor.
When the ownership of intellectual property is fragmented in an industry, it may decelerate technology innovation and uptake, including in the electronics industry where multiple players own complementary patents. However, firms can instead open their innovation processes and depart from jealously guarded, internal cultures, where intellectual dppdwz can be used to guard and prolong lifecycles. This transformation may see knowledge sharing that leads to accelerated innovation cycles along with a more rapid uptake of sustainable alternatives within a sector: precisely what Tesla was longing for in electric vehicles.
This method to intellectual property, so-called “open IP”, is well advanced and mature within the software industry and healthcare. It has given use of life-saving medicines to thousands of people, particularly in Inventhelp Inventions through patent pools, such as the Medicine Patent Pool. This sort of project relies on 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 not all about open IP.