One of these lies in just how the world manages the creation and ownership of inventions and concepts. A protectionist approach to Invent Help Tech is designed to protect and prolong the lifecycle of existing technologies, and allow innovators to capture the profits from their creations. In a paper published with colleagues from universities in Germany and India, we examined how this causes it to be harder for new and 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, continues to be doing that. Tesla CEO Elon Musk “shocked” the planet in 2014 when he announced that his company was joining the open source movement and handing out its patents at no cost. It is important to comprehend the rationale here. Why would an organization that had worked so difficult to develop and protect its technology from the global car manufacturer competitors suddenly give its technology away at no cost?
Tesla initially developed a patent portfolio to protect its technology. However, Tesla’s concern that it will be overwhelmed once established car makers ramped up their creation of electric cars never arrived at 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 attempting to encourage them in to the market.
Area of the reasoning here is when more electric cars are made, then more battery recharging stations will be built too. This might make electric cars be a little more visible, and a more conventional choice. Tesla believes that the open intellectual property strategy can strengthen as opposed to diminish its position because they build the dimensions of the electrical car market, and for that reason, build their own share of the total automotive market.
This kind of careful handling of New Product Idea at company level, backed up by policy-level awareness, can be a powerful way to secure the same types 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 including 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 these industries to navigate a path around these issues, new knowledge as well as the innovations that follow will likely be essential. And in knowledge economies, intellectual property can either be an enabler or even an inhibitor.
In the event the ownership of Inventhelp Inventor is fragmented inside an industry, it could slow down technology innovation and uptake, including within the electronics industry where multiple players own complementary patents. However, firms can instead start their innovation processes and move away from jealously guarded, internal cultures, where kxwlfd property can be used to safeguard and prolong lifecycles. This change may see knowledge sharing that leads to accelerated innovation cycles and a more rapid uptake of sustainable alternatives within a sector: just what Tesla was longing for in electric vehicles.
This method to intellectual property, so-called “open IP”, is well advanced and mature within the software industry and healthcare. It has given use of life-saving medicines to huge numbers of people, particularly in developing countries through patent pools, like the Medicine Patent Pool. This type of project relies on 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 not all about open IP.