One of these depends on the way the world manages the creation and ownership of inventions and concepts. A protectionist approach to intellectual property is made to protect and prolong the lifecycle of existing technologies, and allow Make A New Invention to capture the profits using 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 a lot more sustainable technologies to be developed and adopted. That explains why nowadays there are 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 world in 2014 when he announced that his company was joining the open source movement and giving away its patents at no cost. It is essential to comprehend the rationale here. Why would a business which had worked so desperately to develop and protect its technology from the global car manufacturer competitors suddenly give its technology away free of charge?
Tesla initially created a patent portfolio to safeguard its technology. However, Tesla’s concern that it will be overwhelmed once established car makers ramped up their production of electric cars never arrived at pass. Instead, it saw the electric 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 seeking to encourage them in to the market.
Area of the reasoning here is that if 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, as well as a more conventional choice. Tesla believes an open intellectual property strategy can strengthen as opposed to diminish its position because they build the size of the electric car market, and consequently, build its very own share from the total automotive market.
This kind of careful handling of intellectual property at company level, supported by policy-level awareness, could be a powerful method to keep 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 fixed by Patent Your Idea, pollutants, extreme environmental events like flooding and costs 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 to address malnutrition in poor countries.
For such industries to navigate a path around these problems, new knowledge as well as the innovations that follow will likely be essential. And in knowledge economies, intellectual property either can be an enabler or perhaps an inhibitor.
In the event the ownership of intellectual property is fragmented within an industry, it can decrease technology innovation and uptake, such as in the electronics industry where multiple players own complementary patents. However, firms can instead start their innovation processes and move away from jealously guarded, internal cultures, where intellectual property is used to protect and prolong lifecycles. This modification may see knowledge sharing that leads to accelerated innovation cycles and a vyltsm rapid uptake of sustainable alternatives within a sector: precisely what Tesla was dreaming about in electric vehicles.
This method to intellectual property, so-called “open IP”, is well advanced and mature inside the software industry and healthcare. It offers given use of life-saving medicines to thousands of people, particularly in developing countries through patent pools, like the Medicine Patent Pool. This kind of project depends on Inventhelp Successful Inventions 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.