One of these brilliant lies in just 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 Inventhelp Locations to capture the earnings from their creations. In a paper published with colleagues from universities in Germany and India, we examined how this also 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, has been doing exactly that. Tesla CEO Elon Musk “shocked” the planet in 2014 as he announced that his company was joining the open source movement and handing out its patents at no cost. You should comprehend the rationale here. Why would a business that had worked so desperately to develop and protect its technology looking at the global car manufacturer competitors suddenly give its technology away at no cost?
Tesla initially created a patent portfolio to safeguard its technology. However, Tesla’s concern that it would 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 under 1% of total vehicle sales. So Tesla changed its strategy from seeking to prevent others from building electric cars to attempting to encourage them to the market.
Portion of the reasoning here is when more electric cars are designed, then more battery recharging stations will likely be built too. This would make electric cars be a little more visible, along with a more conventional choice. Tesla believes that an open intellectual property strategy can strengthen instead of diminish its position because they build how big the electric car market, and consequently, build its very own share in the total automotive market.
This kind of careful control over intellectual property at company level, maintained by policy-level awareness, can be a powerful method to secure the same forms 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 restricted by water scarcity, pollutants, extreme environmental events such as 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 as well as the New Ideas For Inventions that follow will likely be essential. And then in knowledge economies, intellectual property can either be an enabler or perhaps an inhibitor.
In the event the ownership of intellectual property is fragmented inside an industry, it could slow down technology innovation and uptake, like inside 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 property is rtaotl to guard and prolong lifecycles. This change may see knowledge sharing which leads to accelerated Product Idea and a more rapid uptake of sustainable alternatives within a sector: just what Tesla was hoping for in electric vehicles.
This approach to intellectual property, so-called “open IP”, is well advanced and mature inside the software industry and healthcare. It has given usage of life-saving medicines to huge numbers of people, particularly in developing countries through patent pools, such as the Medicine Patent Pool. This sort 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.