One of these lies in just how the world manages the creation and ownership of inventions and concepts. A protectionist approach to intellectual property is designed to protect and prolong the lifecycle of existing technologies, and permit Inventhelp Office to capture the profits from their creations. In a paper published with colleagues from universities in Germany and India, we examined how this also makes it more difficult 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 as he announced that his company was joining the open source movement and giving out its patents at no cost. It is essential to understand the rationale here. Why would a company 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 created a patent portfolio to safeguard 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 electrical car market stagnate at less 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 into the market.
Portion of the reasoning here is that if more electric cars are made, then more battery recharging stations will likely be built too. This would make electric cars become a little more visible, as well as a more conventional choice. Tesla believes an open intellectual property strategy can strengthen rather than diminish its position because they build the dimensions of the electrical car market, and consequently, build its own share of the total automotive market.
This sort of careful control over intellectual property at company level, supported by policy-level awareness, could be a powerful approach to support the same forms 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. 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 to address malnutrition in poor countries.
For these industries to navigate a path around these problems, new knowledge and the Inventhelp New Inventions 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 decelerate 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 is rtaotl to safeguard and prolong lifecycles. This change may see knowledge sharing which leads to accelerated Inventhelp Product Development along with a more rapid uptake of sustainable alternatives within a sector: exactly what Tesla was dreaming about in electric vehicles.
This method to intellectual property, so-called “open IP”, is well advanced and mature within the software industry and healthcare. It provides given usage of life-saving medicines to thousands of people, specifically in developing countries through patent pools, like the Medicine Patent Pool. This type of project relies upon 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 every about open IP.