One of these lies in how the world manages the creation and ownership of inventions and concepts. A protectionist strategy to intellectual property was created to protect and prolong the lifecycle of existing technologies, and permit Inventhelp Products to capture the earnings from their creations. In a paper published with colleagues from universities in Germany and India, we examined how this makes it tougher for new and a lot 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 just that. Tesla CEO Elon Musk “shocked” the entire world in 2014 when he announced that his company was joining the open source movement and giving away its patents free of charge. It is essential to be aware of the rationale here. Why would a company which had worked so hard to develop and protect its technology from the global car manufacturer competitors suddenly give its technology away free of charge?
Tesla initially developed 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 arrived at 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 attempting to encourage them to the market.
Area of the reasoning here is that if more electric cars are made, then more battery recharging stations will likely be built too. This might make electric cars become a little more visible, as well as 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 as a result, build its own share in the total automotive market.
This kind of careful handling of intellectual property at company level, maintained by policy-level awareness, could be a powerful way to secure the same forms 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 fixed by Idea Help, pollutants, extreme environmental events such as flooding and costs 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 as well as address malnutrition in poor countries.
For such industries to navigate a path around these issues, new knowledge as well as the innovations that follow will be essential. And then in knowledge economies, intellectual property can either be an enabler or an inhibitor.
When the ownership of intellectual property is fragmented within an industry, it could slow down technology innovation and uptake, like within the electronics industry where multiple players own complementary patents. However, firms can instead start their innovation processes and depart from jealously guarded, internal cultures, where intellectual property is utilized to guard and prolong lifecycles. This modification may see knowledge sharing leading to accelerated innovation cycles along with a vyltsm rapid uptake of sustainable alternatives throughout a sector: exactly what Tesla was dreaming about in electric vehicles.
This strategy to intellectual property, so-called “open IP”, is well advanced and mature in the software industry and healthcare. It offers given usage of life-saving medicines to millions of people, especially in developing countries through patent pools, including the Medicine Patent Pool. This sort of project relies on Inventhelp Inventions 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.