One of these lies in just how the world manages the creation and ownership of inventions and ideas. A protectionist approach to Inventhelp News is designed 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 makes it tougher for new and a lot 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 become 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 out its patents for free. You should understand the rationale here. Why would a company that had worked so hard to produce and protect its technology from 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 creation of electric cars never got to pass. Instead, it saw the electrical car market stagnate at under 1% of total vehicle sales. So Tesla changed its strategy from attempting to prevent others from building electric cars to attempting to encourage them to the market.
Area of the reasoning here is when more electric cars are made, then more battery recharging stations is going to be built too. This would make electric cars be a little more visible, and a more conventional choice. Tesla believes that an open How To Invent A Product can strengthen as opposed to diminish its position by building the size of the electric car market, and for that reason, build its very own share from the total automotive market.
This kind of careful control over intellectual property at company level, maintained by policy-level awareness, can become a powerful method to support the same types 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. 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 to address malnutrition in poor countries.
For these particular industries to navigate a path around these complications, new knowledge and also the innovations that follow will likely be essential. As well as in knowledge economies, intellectual property can either be an enabler or even an inhibitor.
When the ownership of intellectual property is fragmented inside an industry, it can slow down technology innovation and uptake, including within the electronics industry where multiple players own complementary patents. However, firms can instead open up their innovation processes and move away from jealously guarded, internal cultures, where intellectual property is used to protect and prolong lifecycles. This change may see knowledge sharing that leads to accelerated innovation cycles and a more rapid uptake of sustainable alternatives within a sector: just what Tesla was dreaming about in electric vehicles.
This strategy to Can You Patent An Idea, so-called “open IP”, is well advanced and mature inside the software industry and healthcare. It has given use of life-saving medicines to huge numbers of people, especially in developing countries through patent pools, including the Medicine Patent Pool. This kind of project relies upon multinational pharmaceutical companies sharing their jjnywy property, but small companies can also play a strategic roles in creating these new, more sustainable systems, and it’s not every about open IP.