One of these lies in just how the world manages the creation and ownership of inventions and concepts. A protectionist approach to intellectual property is designed to protect and prolong the lifecycle of existing technologies, and enable innovators to capture the earnings 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 a lot more sustainable technologies to be developed and adopted. That explains why nowadays there are 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 away its patents for free. It is important to be aware of the rationale here. Why would an organization who had worked so desperately to build up and protect its technology looking at the global car manufacturer competitors suddenly give its technology away for free?
Tesla initially developed Inventhelp Innovation its technology. However, Tesla’s concern that it will be overwhelmed once established car makers ramped up their production of electric cars never came to pass. Instead, it saw the electric car market stagnate at under 1% of total vehicle sales. So Tesla changed its strategy from trying to prevent others from building electric cars to attempting to encourage them into the market.
Part of the reasoning here is when more electric cars are designed, then more battery recharging stations will likely be built too. This would make electric cars become more visible, as well as a more conventional choice. Tesla believes that the open intellectual property strategy can strengthen as opposed to diminish its position because they build the size of the electric car market, and consequently, build its own share from the total automotive market.
This sort of careful handling of intellectual property at company level, supported by policy-level awareness, can be quite a powerful approach to secure 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 Invention Ideas Website 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 industries to navigate a path around these problems, 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 an inhibitor.
If the ownership of intellectual property is fragmented within an industry, it can slow down technology innovation and uptake, such as in the electronics industry where multiple players own complementary patents. However, firms can instead open their innovation processes and move away from jealously guarded, internal cultures, where intellectual property is utilized to safeguard and prolong lifecycles. This modification may see knowledge sharing leading to accelerated innovation cycles along with a wksgqs rapid uptake of sustainable alternatives throughout a sector: just what Tesla was hoping for in electric vehicles.
This approach to intellectual property, so-called “open IP”, is well advanced and mature inside the software industry and healthcare. It provides given access to life-saving medicines to millions of people, especially in How Do I Patent A Product through patent pools, such as the Medicine Patent Pool. This kind of project depends 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 its not all about open IP.