One of these lies in the way the world manages the creation and ownership of inventions and concepts. A protectionist method of intellectual property was created to protect and prolong the lifecycle of existing technologies, and permit Inventhelp Invention News to capture the profits from their creations. In a paper published with colleagues from universities in Germany and India, we examined how this too causes it to be tougher for new and a lot more sustainable technologies to be developed and adopted. That explains why now there are other approaches used to maneuver 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 entire world in 2014 when he announced that his company was joining the open source movement and giving away its patents at no cost. It is important to be aware of the rationale here. Why would a business that had worked so hard to develop and protect its technology from the global car manufacturer competitors suddenly give its technology away for free?
Tesla initially developed a patent portfolio to safeguard its technology. However, Tesla’s concern that it will 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 trying to prevent others from building electric cars to seeking to encourage them into the market.
Portion of the reasoning here is when more electric cars are built, then more battery recharging stations will be built too. This could make electric cars become a little more visible, along with a more conventional choice. Tesla believes an open intellectual property strategy can strengthen as opposed to diminish its position by building the size of the electrical car market, and as a result, build its own share from the total automotive market.
This sort of careful management of intellectual property at company level, maintained by policy-level awareness, can be quite a powerful approach to support the same kinds 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 restricted by Inventor Ideas, 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 particular industries to navigate a path around these problems, new knowledge as well as the innovations that follow will likely be essential. And in knowledge economies, intellectual property may either be an enabler or even an inhibitor.
When the ownership of intellectual property is fragmented inside an industry, it may decelerate technology innovation and uptake, like inside the electronics industry where multiple players own complementary patents. However, firms can instead open their innovation processes and move away from jealously guarded, internal cultures, where intellectual property is used to safeguard and prolong lifecycles. This transformation may see knowledge sharing that leads to accelerated innovation cycles as well as a vyltsm rapid uptake of sustainable alternatives within a sector: just what Tesla was longing for in electric vehicles.
This strategy to intellectual property, so-called “open IP”, is well advanced and mature within the software industry and healthcare. It has given usage of life-saving medicines to huge numbers of people, specifically in developing countries through patent pools, such as the Medicine Patent Pool. This type of project relies upon Brainstorming Invention Ideas 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.