One of these lies in how the world manages the creation and ownership of inventions and ideas. A protectionist method of 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 can make it more difficult for new and much more sustainable technologies to be developed and adopted. That explains why now there are other approaches being used to move key sectors to more sustainable systems and end this status quo.
Electric car manufacturer Tesla, has become doing just that. Tesla CEO Elon Musk “shocked” the entire world in 2014 as he announced that his company was joining the open source movement and giving out its patents for free. It is essential to be aware of the rationale here. Why would a company who had worked so desperately to produce and protect its technology from the global car manufacturer competitors suddenly give its technology away free of charge?
Tesla initially developed How To Pitch An Invention To A Company to guard its technology. However, Tesla’s concern that it might 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 to the market.
Portion of the reasoning here is that if more electric cars are designed, then more battery recharging stations is going to be built too. This might make electric cars become more visible, and a more conventional choice. Tesla believes that the open intellectual property strategy can strengthen rather than diminish its position by building the size of the electrical car market, and as a result, build its own share from the total automotive market.
This sort of careful management of intellectual property at company level, backed up by policy-level awareness, can be quite a powerful approach to keep the same types 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 restricted 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 such industries to navigate a path around these problems, new knowledge as well as the Inventhelp Pittsburgh Corporate Headquarters that follow will be essential. As well as in knowledge economies, intellectual property can either be an enabler or perhaps an inhibitor.
When the ownership of intellectual property is fragmented within an industry, it could decrease technology innovation and uptake, like in the electronics industry where multiple players own complementary patents. However, firms can instead start their innovation processes and move away from jealously guarded, internal cultures, where intellectual dppdwz is used to protect and prolong lifecycles. This modification may see knowledge sharing that leads to accelerated innovation cycles along with a more rapid uptake of sustainable alternatives within a sector: precisely what Tesla was longing for in electric vehicles.
This strategy to intellectual property, so-called “open IP”, is well advanced and mature in the software industry and healthcare. It has given access to life-saving medicines to huge numbers of people, specifically in Find A Patent Attorney through patent pools, such as the Medicine Patent Pool. This type 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 its not all about open IP.