One of these brilliant lies in just how the world manages the creation and ownership of inventions and concepts. A protectionist method of intellectual property is designed to protect and prolong the lifecycle of existing technologies, and permit How To Register A Patent In The Usa to capture the profits from their creations. In a paper published with colleagues from universities in Germany and India, we examined how this makes it more difficult for new and much more sustainable technologies to be developed and adopted. That explains why nowadays there are other approaches being utilized to move key sectors to more sustainable systems and end this status quo.
Electric car manufacturer Tesla, has become doing exactly that. Tesla CEO Elon Musk “shocked” the world in 2014 when he announced that his company was joining the open source movement and giving out its patents free of charge. It is important to be aware of the rationale here. Why would a company which had worked so desperately to develop and protect its technology from the global car manufacturer competitors suddenly give its technology away for free?
Tesla initially designed a patent portfolio to guard its technology. However, Tesla’s concern that it would be overwhelmed once established car makers ramped up their creation of electric cars never arrived at pass. Instead, it saw the electric 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 attempting to encourage them into the market.
Part of the reasoning here is when more electric cars are designed, then more battery recharging stations will be built too. This could make electric cars be a little more visible, and a more conventional choice. Tesla believes that the open intellectual property strategy can strengthen rather than diminish its position by building how big the electrical car market, and consequently, build their own share from the total automotive market.
This sort of careful control over intellectual property at company level, backed up by policy-level awareness, can be a powerful approach to secure the same forms 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. Water supply sector is restricted by Inventhelp Innovation, pollutants, extreme environmental events including 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 particular industries to navigate a path around these complications, new knowledge as well as the innovations that follow will likely be essential. And then in knowledge economies, intellectual property can either be an enabler or even an inhibitor.
When the ownership of intellectual property is fragmented in an industry, it could decrease technology innovation and uptake, such as in the electronics industry where multiple players own complementary patents. However, firms can instead open their innovation processes and move away from jealously guarded, internal cultures, where intellectual property is used to safeguard and prolong lifecycles. This modification may see knowledge sharing that leads to accelerated innovation cycles as well as a vyltsm 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 inside the software industry and healthcare. It has given access to life-saving medicines to millions of people, particularly in developing countries through patent pools, including the Medicine Patent Pool. This type of project relies upon Inventhelp New Inventions sharing their intellectual property, but small companies could also play a strategic roles in creating these new, more sustainable systems, and it’s not all about open IP.