One of these brilliant lies in the way 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 How To Get A Patent On An Idea to capture the profits from their creations. In a paper published with colleagues from universities in Germany and India, we examined how this also causes it to be more difficult for new and much more sustainable technologies to be developed and adopted. That explains why there are now other approaches being used to move key sectors to more sustainable systems and end this status quo.
Electric car manufacturer Tesla, has become doing just 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 essential to understand the rationale here. Why would a company which had worked so desperately to develop and protect its technology from its global car manufacturer competitors suddenly give its technology away free of charge?
Tesla initially created a patent portfolio to protect its technology. However, Tesla’s concern that it might be overwhelmed once established car makers ramped up their creation of electric cars never got 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 trying to encourage them to the market.
Area of the reasoning here is when more electric cars are built, then more battery recharging stations is going to be built too. This would make electric cars become a little more visible, along with a more conventional choice. Tesla believes that an open intellectual property strategy can strengthen as opposed to diminish its position because they build the size of the electric car market, and for that reason, build its very own share of the total automotive market.
This type of careful handling of intellectual property at company level, supported by policy-level awareness, could be a powerful way to secure 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. The water supply sector is fixed by water scarcity, pollutants, extreme environmental events like 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 to address malnutrition in poor countries.
For these industries to navigate a path around these complications, new knowledge and the Inventhelp Tv Commercials that follow will likely be essential. And then in knowledge economies, intellectual property can either be an enabler or an inhibitor.
If 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 open up their innovation processes and depart from jealously guarded, internal cultures, where intellectual property is rtaotl to guard and prolong lifecycles. This transformation may see knowledge sharing leading to accelerated Invention and a more rapid uptake of sustainable alternatives within a sector: precisely what Tesla was dreaming about in electric vehicles.
This approach 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 huge numbers of people, specifically in developing countries through patent pools, such as the Medicine Patent Pool. This kind of project relies upon multinational pharmaceutical companies sharing their intellectual property, but small companies can also play a strategic roles in creating these new, more sustainable systems, and it’s its not all about open IP.