One of these brilliant lies in just how 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 permit 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 makes 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, continues to be 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 at no cost. It is important to be aware of the rationale here. Why would a business which had worked so desperately to develop and protect its technology from its global car manufacturer competitors suddenly give its technology away for free?
Tesla initially designed a patent portfolio to safeguard its technology. However, Tesla’s concern that it would be overwhelmed once established car makers ramped up their manufacture of electric cars never arrived at pass. Instead, it saw the electrical car market stagnate at lower than 1% of total vehicle sales. So Tesla changed its strategy from seeking to prevent others from building electric cars to trying to encourage them into the market.
Portion of the reasoning here is that if more electric cars are designed, then more battery recharging stations will be built too. This would make electric cars become more visible, along with a more conventional choice. Tesla believes that the open intellectual property strategy can strengthen rather than diminish its position by building how big the electric car market, and as a result, build their own share in the total automotive market.
This type of careful control over intellectual property at company level, backed up by policy-level awareness, can be quite a powerful approach to keep the same forms 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 Idea Help, pollutants, extreme environmental events including 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 also to address malnutrition in poor countries.
For such industries to navigate a path around these complications, new knowledge as well as the innovations that follow is going to be essential. And in knowledge economies, intellectual property may either be an enabler or perhaps an inhibitor.
If the ownership of intellectual property is fragmented inside an industry, it can decrease technology innovation and uptake, including within the electronics industry where multiple players own complementary patents. However, firms can instead start their innovation processes and depart from jealously guarded, internal cultures, where intellectual property can be used to guard and prolong lifecycles. This modification may see knowledge sharing which leads to accelerated innovation cycles and a vyltsm rapid uptake of sustainable alternatives throughout a sector: just what Tesla was dreaming about in electric vehicles.
This strategy to intellectual property, so-called “open IP”, is well advanced and mature in the software industry and healthcare. It provides given use of life-saving medicines to thousands of people, especially in developing countries through patent pools, such as the Medicine Patent Pool. This kind of project relies on Inventhelp Pittsburgh Headquarters sharing their intellectual 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.