One of these brilliant lies in how the world manages the creation and ownership of inventions and concepts. A protectionist method of Inventhelp Locations 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 more difficult for new and much more sustainable technologies to be developed and adopted. That explains why there are now other approaches used 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 entire world in 2014 as he announced that his company was joining the open source movement and giving away its patents free of charge. It is important to be aware of the rationale here. Why would a company that had worked so hard to produce and protect its technology looking at the global car manufacturer competitors suddenly give its technology away free of charge?
Tesla initially developed a patent portfolio to safeguard its technology. However, Tesla’s concern that it will be overwhelmed once established car makers ramped up their manufacture of electric cars never came to pass. Instead, it saw the electrical car market stagnate at lower than 1% of total vehicle sales. So Tesla changed its strategy from trying to prevent others from building electric cars to seeking to encourage them in to the market.
Part of the reasoning here is that if more electric cars are designed, then more battery recharging stations will be built too. This might make electric cars become more visible, as well as a more conventional choice. Tesla believes that an open How To Patent Your Idea can strengthen rather than diminish its position by building how big the electric car market, and as a result, build their own share from the total automotive market.
This kind of careful management of intellectual property at company level, backed up by policy-level awareness, can be considered a powerful way to support 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. This type of water supply sector is restricted by water scarcity, pollutants, extreme environmental events such as 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 and to address malnutrition in poor countries.
For these industries to navigate a path around these problems, new knowledge and also the innovations that follow will likely be essential. And in knowledge economies, intellectual property can either be an enabler or perhaps an inhibitor.
When the ownership of intellectual property is fragmented in an industry, it can slow down technology innovation and uptake, such as within 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 utilized 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 hoping for in electric vehicles.
This strategy to Inventhelp Tv Commercials, so-called “open IP”, is well advanced and mature in the software industry and healthcare. It offers given use of life-saving medicines to millions of people, especially in developing countries through patent pools, including the Medicine Patent Pool. This kind of project depends on 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 its not all about open IP.