One of these lies in how the world manages the creation and ownership of inventions and ideas. A protectionist approach to How To File A Patent is designed to protect and prolong the lifecycle of existing technologies, and allow innovators to capture the earnings from their creations. In a paper published with colleagues from universities in Germany and India, we examined how this can make it harder for new and 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 been doing exactly that. Tesla CEO Elon Musk “shocked” the entire world in 2014 when he announced that his company was joining the open source movement and giving out its patents for free. It is essential to understand the rationale here. Why would a company who had worked so desperately to produce and protect its technology looking at the global car manufacturer competitors suddenly give its technology away at no cost?
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 came 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 trying to encourage them into 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 might make electric cars be a little more visible, along with a more conventional choice. Tesla believes an open intellectual property strategy can strengthen rather than diminish its position by building the size of the electrical car market, and for that reason, build their own share in the total automotive market.
This sort of careful control over New Invention at company level, maintained by policy-level awareness, could be a powerful way to secure the same kinds 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 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 also to address malnutrition in poor countries.
For these particular industries to navigate a path around these issues, new knowledge as well as the innovations that follow is going to be essential. And in knowledge economies, intellectual property can either be an enabler or even an inhibitor.
In the event the ownership of Inventhelp Inventor Stories is fragmented inside an industry, it may decrease technology innovation and uptake, including 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 used to guard and prolong lifecycles. This modification may see knowledge sharing that leads to accelerated innovation cycles and a more rapid uptake of sustainable alternatives throughout 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 inside the software industry and healthcare. It offers given usage of life-saving medicines to huge numbers of people, particularly in developing countries through patent pools, like the Medicine Patent Pool. This kind of project relies 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 every about open IP.