One of these lies in just how the world manages the creation and ownership of inventions and ideas. A protectionist approach to Idea Patent 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 can make it harder for new and much more sustainable technologies to be developed and adopted. That explains why there are now other approaches being used to move key sectors to more sustainable systems and end this status quo.
Electric car manufacturer Tesla, has been doing that. Tesla CEO Elon Musk “shocked” the entire world in 2014 when he announced that his company was joining the open source movement and handing out its patents free of charge. It is essential to be aware of the rationale here. Why would an organization which had worked so difficult to develop and protect its technology from its 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 came to pass. Instead, it saw the electrical car market stagnate at under 1% of total vehicle sales. So Tesla changed its strategy from trying to prevent others from building electric cars to attempting to encourage them in to the market.
Part of the reasoning here is when more electric cars are built, then more battery recharging stations will be built too. This might make electric cars be a little more visible, along with a more conventional choice. Tesla believes that an open intellectual property strategy 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 type of careful handling of Inventhelp Products at company level, maintained by policy-level awareness, could be a powerful way to keep 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. The water supply sector is restricted by water scarcity, pollutants, extreme environmental events like 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 these particular industries to navigate a path around these problems, new knowledge as well as the innovations that follow will be essential. And then in knowledge economies, intellectual property either can be an enabler or perhaps an inhibitor.
In the event the ownership of How To Get A Patent is fragmented within an industry, it could decrease technology innovation and uptake, such as inside 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 kxwlfd property is utilized to safeguard and prolong lifecycles. This transformation may see knowledge sharing leading to accelerated innovation cycles along with a more rapid uptake of sustainable alternatives within a sector: exactly what Tesla was longing for in electric vehicles.
This strategy to intellectual property, so-called “open IP”, is well advanced and mature within the software industry and healthcare. It has given access to life-saving medicines to thousands of people, especially in developing countries through patent pools, including the Medicine Patent Pool. This sort of project depends on multinational pharmaceutical companies sharing their intellectual property, but small companies can also play a strategic roles in creating these new, more sustainable systems, and it’s not all about open IP.