One of these 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 permit New Product Ideas 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 tougher for new and much 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 just that. Tesla CEO Elon Musk “shocked” the world in 2014 when he announced that his company was joining the open source movement and giving away its patents for free. It is important to be aware of the rationale here. Why would a business that had worked so desperately to produce and protect its technology from the global car manufacturer competitors suddenly give its technology away free of charge?
Tesla initially designed a patent portfolio to safeguard its technology. However, Tesla’s concern that it might 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 less than 1% of total vehicle sales. So Tesla changed its strategy from seeking to prevent others from building electric cars to trying to encourage them into the market.
Portion of the reasoning here is that if more electric cars are made, then more battery recharging stations will be built too. This might make electric cars become more visible, and a more conventional choice. Tesla believes that the open intellectual property strategy can strengthen rather than diminish its position by building the dimensions of the electric car market, and consequently, build their own share of the total automotive market.
This kind of careful handling of intellectual property at company level, supported by policy-level awareness, can be quite a powerful method to secure the same types 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. 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 such industries to navigate a path around these problems, new knowledge and the Getting A Patent that follow is going to be essential. As well as in knowledge economies, intellectual property may either be an enabler or even an inhibitor.
If the ownership of intellectual property is fragmented within an industry, it can decrease 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 safeguard and prolong lifecycles. This change may see knowledge sharing leading to accelerated Reviews For Inventhelp along with a more rapid uptake of sustainable alternatives throughout a sector: precisely what Tesla was hoping 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 provides given use of life-saving medicines to thousands of people, especially in developing countries through patent pools, such as the Medicine Patent Pool. This sort of project relies on multinational pharmaceutical companies sharing their intellectual property, but small companies could also play a strategic roles in creating these new, more sustainable systems, and it’s its not all about open IP.