One of those depends on the way the world manages the creation and ownership of inventions and ideas. A protectionist approach to intellectual property is made to protect and prolong the lifecycle of existing technologies, and enable How To Patent Ideas to capture the earnings using their creations. In a paper published with colleagues from universities in Germany and India, we examined how this can make it tougher for new and more sustainable technologies to get developed and adopted. That explains why now there are other approaches being utilized to go 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 entire world in 2014 as he announced that his company was joining the open source movement and handing out its patents free of charge. It is important to understand the rationale here. Why would a business that had worked so desperately to develop 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 safeguard its technology. However, Tesla’s concern that it would be overwhelmed once established car makers ramped up their production of electric cars never arrived at 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 attempting to encourage them in to the market.
Part of the reasoning here is that if more electric cars are made, then more battery recharging stations will be built too. This would make electric cars become a little more visible, and a more conventional choice. Tesla believes that the open intellectual property strategy can strengthen rather than diminish its position because they build the size of the electric car market, and as a result, build its very own share of the total automotive market.
This type of careful control over intellectual property at company level, supported by policy-level awareness, can be quite a powerful way 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. This type of water supply sector is fixed by Inventhelp Invention News, pollutants, extreme environmental events such as 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 and also to address malnutrition in poor countries.
For such industries to navigate a path around these problems, new knowledge and the innovations that follow will likely be essential. As well as in knowledge economies, intellectual property either can be an enabler or even an inhibitor.
When the ownership of intellectual property is fragmented in an industry, it could slow down technology innovation and uptake, like 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 can be used to safeguard and prolong lifecycles. This transformation may see knowledge sharing which leads to accelerated innovation cycles and a vyltsm rapid uptake of sustainable alternatives within 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 offers given use of life-saving medicines to huge numbers of people, especially in developing countries through patent pools, such as the Medicine Patent Pool. This kind of project relies on Inventhelp Product Development 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.