One of these lies in the way 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 permit Market An Invention Idea to capture the earnings from their creations. In a paper published with colleagues from universities in Germany and India, we examined how this also causes it to be tougher for new and a lot 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 become doing that. Tesla CEO Elon Musk “shocked” the world in 2014 when he announced that his company was joining the open source movement and giving away its patents at no cost. You should comprehend the rationale here. Why would a company that had worked so desperately to build up and protect its technology from the global car manufacturer competitors suddenly give its technology away for free?
Tesla initially developed a patent portfolio to guard its technology. However, Tesla’s concern that it might be overwhelmed once established car makers ramped up their production 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 in to the market.
Part of the reasoning here is when more electric cars are built, 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 that the 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 from the total automotive market.
This type of careful handling of intellectual property at company level, supported by policy-level awareness, can be quite a powerful way to secure the same kinds 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 such as 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 to address malnutrition in poor countries.
For such industries to navigate a path around these problems, new knowledge as well as the Inventhelp Review that follow will likely be essential. And in knowledge economies, intellectual property either can 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 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 rtaotl to protect and prolong lifecycles. This change may see knowledge sharing which leads to accelerated Review For Inventhelp as well as a more rapid uptake of sustainable alternatives within a sector: precisely what Tesla was longing for 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 access to life-saving medicines to huge numbers of people, particularly in developing countries 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.