One of these lies in how the world manages the creation and ownership of inventions and concepts. A protectionist approach to intellectual property is made to protect and prolong the lifecycle of existing technologies, and allow Inventhelp Store Products 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 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, has been doing exactly that. Tesla CEO Elon Musk “shocked” the planet in 2014 as he announced that his company was joining the open source movement and giving away its patents free of charge. It is important to understand the rationale here. Why would a company which had worked so desperately to develop and protect its technology from its global car manufacturer competitors suddenly give its technology away free of charge?
Tesla initially created 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 got to pass. Instead, it saw the electric car market stagnate at under 1% of total vehicle sales. So Tesla changed its strategy from trying to prevent others from building electric cars to attempting to encourage them into the market.
Area of the reasoning here is when more electric cars are made, then more battery recharging stations is going to be built too. This would make electric cars become more visible, along with a more conventional choice. Tesla believes that an open intellectual property strategy can strengthen instead of diminish its position because they build the size of the electrical car market, and as a result, build its own share in the total automotive market.
This type of careful handling of intellectual property at company level, maintained by policy-level awareness, can be quite a powerful approach to support 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. The water supply sector is fixed by water scarcity, pollutants, extreme environmental events like flooding and expenses 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 problems, new knowledge as well as the Ideas For Inventions that follow will be essential. And then in knowledge economies, intellectual property either can be an enabler or perhaps an inhibitor.
In the event the ownership of intellectual property is fragmented in an industry, it can slow down technology innovation and uptake, including in the electronics industry where multiple players own complementary patents. However, firms can instead open up their innovation processes and depart from jealously guarded, internal cultures, where intellectual property is rtaotl to safeguard and prolong lifecycles. This modification may see knowledge sharing which leads to accelerated Inventhelp Inventions Store and a more rapid uptake of sustainable alternatives throughout a sector: exactly what Tesla was dreaming about in electric vehicles.
This approach to intellectual property, so-called “open IP”, is well advanced and mature within the software industry and healthcare. It offers given usage of life-saving medicines to thousands of people, especially in developing countries through patent pools, like the Medicine Patent Pool. This kind of project relies upon multinational pharmaceutical companies 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.