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 permit 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 makes it more difficult for new and 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, continues to be doing just that. Tesla CEO Elon Musk “shocked” the world in 2014 as he announced that his company was joining the open source movement and giving out its patents at no cost. It is essential to understand the rationale here. Why would an organization who had worked so desperately to build up and protect its technology from the global car manufacturer competitors suddenly give its technology away for free?
Tesla initially developed Make My Invention Prototype its technology. However, Tesla’s concern that it will 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 seeking to prevent others from building electric cars to seeking to encourage them in to the market.
Portion of the reasoning here is that if more electric cars are built, 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 as opposed to diminish its position by building how big the electrical car market, and consequently, build its very own share from the total automotive market.
This type of careful handling of intellectual property at company level, supported by policy-level awareness, could be a powerful method 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 Invent Help Tech is fixed 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 and also to address malnutrition in poor countries.
For these industries to navigate a path around these issues, new knowledge as well as the innovations that follow is going to be essential. As well as in knowledge economies, intellectual property either can be an enabler or perhaps an inhibitor.
In the event the ownership of intellectual property is fragmented within an industry, it can slow down technology innovation and uptake, like in the electronics industry where multiple players own complementary patents. However, firms can instead open up their innovation processes and move away from jealously guarded, internal cultures, where intellectual property can be used to protect and prolong lifecycles. This change may see knowledge sharing which leads to accelerated innovation cycles along with a wksgqs rapid uptake of sustainable alternatives within a sector: precisely what Tesla was dreaming about in electric vehicles.
This approach to intellectual property, so-called “open IP”, is well advanced and mature within the software industry and healthcare. It provides given usage of life-saving medicines to millions of people, especially in Inventhelp Office Locations 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.