One of these brilliant lies in how 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 Market An Invention Idea to capture the earnings using their creations. In a paper published with colleagues from universities in Germany and India, we examined how this also can make it harder for new and a lot more sustainable technologies to become developed and adopted. That explains why there are now 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 world in 2014 as he announced that his company was joining the open source movement and giving away its patents free of charge. It is important to be aware of the rationale here. Why would a business who had worked so desperately to produce and protect its technology looking at the global car manufacturer competitors suddenly give its technology away at no cost?
Tesla initially developed a patent portfolio to guard its technology. However, Tesla’s concern that it will 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 less than 1% of total vehicle sales. So Tesla changed its strategy from trying to prevent others from building electric cars to trying to encourage them into the market.
Part 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 be a little more visible, along with a more conventional choice. Tesla believes an open intellectual property strategy can strengthen instead of diminish its position because they build the dimensions of the electrical car market, and as a result, build its very own share from the total automotive market.
This sort of careful management of intellectual property at company level, supported by policy-level awareness, could be a powerful approach to keep the same types 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 How To Get A Us Patent On An Idea, 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 as well as 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 may either be an enabler or an inhibitor.
If the ownership of intellectual property is fragmented in an industry, it could decrease technology innovation and uptake, including within 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 along with a vyltsm rapid uptake of sustainable alternatives within a sector: precisely 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 offers given usage of life-saving medicines to millions of people, specifically in developing countries through patent pools, like the Medicine Patent Pool. This kind of project depends on Inventhelp Office Locations 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.