One of these lies in just how the world manages the creation and ownership of inventions and ideas. A protectionist approach to intellectual property is made to protect and prolong the lifecycle of existing technologies, and allow Inventhelp Inventions to capture the earnings from their creations. In a paper published with colleagues from universities in Germany and India, we examined how this also causes it to be harder for new and much 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 exactly 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. It is essential to comprehend 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 free of charge?
Tesla initially designed a patent portfolio to protect its technology. However, Tesla’s concern that it might be overwhelmed once established car makers ramped up their manufacture of electric cars never got to pass. Instead, it saw the electric 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 trying to encourage them to the market.
Part of the reasoning here is that if more electric cars are designed, then more battery recharging stations is going to be built too. This would make electric cars become more visible, and 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 their own share in the total automotive market.
This type of careful management of intellectual property at company level, maintained by policy-level awareness, can be a powerful approach to secure the same kinds 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. The water supply sector is fixed by water scarcity, pollutants, extreme environmental events like flooding and costs 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 as well as address malnutrition in poor countries.
For these particular industries to navigate a path around these issues, new knowledge as well as the Inventhelp Pittsburgh that follow will likely be essential. As well as in knowledge economies, intellectual property may either be an enabler or perhaps an inhibitor.
In the event the ownership of intellectual property is fragmented within an industry, it may 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 intellectual property is rtaotl to protect and prolong lifecycles. This transformation may see knowledge sharing that leads to accelerated Inventhelp Headquarters as well as a more rapid uptake of sustainable alternatives throughout a sector: just what Tesla was hoping 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 has given usage of life-saving medicines to thousands of people, specifically in developing countries through patent pools, like 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 every about open IP.