One of these lies in the way the world manages the creation and ownership of inventions and concepts. A protectionist approach to intellectual property was created to protect and prolong the lifecycle of existing technologies, and permit innovators 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 harder 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 exactly that. Tesla CEO Elon Musk “shocked” the planet in 2014 when he announced that his company was joining the open source movement and giving away its patents at no cost. It is essential to comprehend the rationale here. Why would a business which had worked so desperately to build up and protect its technology from its global car manufacturer competitors suddenly give its technology away for free?
Tesla initially developed Can You Patent An 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 lower than 1% of total vehicle sales. So Tesla changed its strategy from attempting to prevent others from building electric cars to trying 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 more visible, as well as a more conventional choice. Tesla believes that the 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 sort of careful control over intellectual property at company level, supported by policy-level awareness, could be a powerful method to keep 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 Inventhelp Wiki 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 such industries to navigate a path around these problems, new knowledge and also the innovations that follow will likely be essential. And then in knowledge economies, intellectual property either can be an enabler or even an inhibitor.
If the ownership of intellectual property is fragmented in an industry, it could slow down technology innovation and uptake, including within 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 property is used to guard and prolong lifecycles. This transformation may see knowledge sharing leading to accelerated innovation cycles as well as a wksgqs rapid uptake of sustainable alternatives throughout a sector: just what Tesla was hoping for in electric vehicles.
This method to intellectual property, so-called “open IP”, is well advanced and mature inside the software industry and healthcare. It provides given access to life-saving medicines to thousands of people, especially in Invent Help Inventors through patent pools, including the Medicine Patent Pool. This type of project relies upon multinational pharmaceutical companies sharing their intellectual property, but small companies can also play a strategic roles in creating these new, more sustainable systems, and it’s not all about open IP.