One of these lies in how the world manages the creation and ownership of inventions and ideas. A protectionist approach to intellectual property is made 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 also can make it 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, has been doing just 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 out its patents at no cost. 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 Invention Idea to protect its technology. However, Tesla’s concern that it will be overwhelmed once established car makers ramped up their manufacture 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 attempting 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 made, then more battery recharging stations will likely be built too. This would make electric cars become a little more visible, as well as a more conventional choice. Tesla believes that an open intellectual property strategy can strengthen as opposed to diminish its position because they build how big the electric car market, and for that reason, build their own share of the total automotive market.
This kind of careful management of intellectual property at company level, maintained by policy-level awareness, can be a powerful approach to keep 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. This type of water supply sector is fixed by water scarcity, 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 also to address malnutrition in poor countries.
For these industries to navigate a path around these problems, new knowledge and also the How To Pitch An Invention To A Company that follow will likely be essential. And in knowledge economies, intellectual property may either be an enabler or perhaps an inhibitor.
If the ownership of intellectual property is fragmented inside an industry, it may 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 depart from jealously guarded, internal cultures, where intellectual dppdwz is used to safeguard and prolong lifecycles. This change may see knowledge sharing that leads to accelerated innovation cycles as well as a more rapid uptake of sustainable alternatives throughout a sector: exactly 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, particularly in Inventhelp Products through patent pools, such as the Medicine Patent Pool. This sort of project depends 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 its not all about open IP.