One of these lies in just how the world manages the creation and ownership of inventions and ideas. A protectionist strategy to intellectual property is made to protect and prolong the lifecycle of existing technologies, and allow innovators to capture the earnings off their creations. In a paper published with colleagues from universities in Germany and India, we examined how this also can make it tougher 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, has been doing just that. Tesla CEO Elon Musk “shocked” the planet 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 which had worked so hard to build up and protect its technology from the global car manufacturer competitors suddenly give its technology away at no cost?
Tesla initially developed Inventhelp Wiki to protect its technology. However, Tesla’s concern that it will be overwhelmed once established car makers ramped up their production of electric cars never arrived at pass. Instead, it saw the electrical car market stagnate at less 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 in to the market.
Part of the reasoning here is when more electric cars are built, then more battery recharging stations will likely be built too. This could make electric cars become more visible, along with a more conventional choice. Tesla believes an open intellectual property strategy can strengthen rather than diminish its position because they build the size of the electrical car market, and as a result, build its very own share in the total automotive market.
This kind of careful control over intellectual property at company level, backed up by policy-level awareness, can be a powerful approach to support 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 restricted by water scarcity, pollutants, extreme environmental events including 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 to address malnutrition in poor countries.
For such industries to navigate a path around these complications, new knowledge and also the Inventhelp Commercials that follow will likely be essential. As well as in knowledge economies, intellectual property can either be an enabler or perhaps an inhibitor.
If the ownership of intellectual property is fragmented in an industry, it can decrease technology innovation and uptake, like 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 dppdwz can be used to safeguard and prolong lifecycles. This transformation may see knowledge sharing that leads to accelerated innovation cycles and a more rapid uptake of sustainable alternatives throughout a sector: just what Tesla was dreaming about in electric vehicles.
This method 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 huge numbers of people, specifically in Inventhelp Success Stories through patent pools, including the Medicine Patent Pool. This sort of project relies on multinational pharmaceutical companies sharing their intellectual property, but small companies may also play a strategic roles in creating these new, more sustainable systems, and it’s not every about open IP.