One of these brilliant lies in just how 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 Patent Your 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 makes it 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 been doing just that. Tesla CEO Elon Musk “shocked” the planet in 2014 when he announced that his company was joining the open source movement and giving out its patents at no cost. You should understand the rationale here. Why would an organization that had worked so hard to develop 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 safeguard its technology. However, Tesla’s concern that it would be overwhelmed once established car makers ramped up their manufacture 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 trying to prevent others from building electric cars to trying to encourage them to the market.
Part of the reasoning here is when more electric cars are built, then more battery recharging stations is going to 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 electric car market, and consequently, build their own share from the total automotive market.
This sort of careful handling of intellectual property at company level, backed up by policy-level awareness, can be a powerful approach to secure the same kinds of transitions to more sustainable technologies in other industries too.
Energy supply faces an array of difficulties: the depletion of natural resources; air pollution and greenhouse gas emissions; nuclear risks; and security of supply. Water supply sector is restricted 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 and to address malnutrition in poor countries.
For these particular industries to navigate a path around these complications, new knowledge and also the Inventhelp Locations that follow will likely 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 may slow down technology innovation and uptake, like inside 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 safeguard and prolong lifecycles. This change may see knowledge sharing that leads to accelerated Inventhelp Intromark along with a more rapid uptake of sustainable alternatives throughout a sector: exactly what Tesla was longing for in electric vehicles.
This strategy to intellectual property, so-called “open IP”, is well advanced and mature in the software industry and healthcare. It provides given access to life-saving medicines to thousands of people, specifically in developing countries through patent pools, including the Medicine Patent Pool. This type of project relies on multinational pharmaceutical companies 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.