One of these lies in how the world manages the creation and ownership of inventions and ideas. A protectionist approach to intellectual property is designed to protect and prolong the lifecycle of existing technologies, and allow 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 harder for new and 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 been 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 handing out its patents for free. It is essential to comprehend the rationale here. Why would an organization which had worked so difficult to produce and protect its technology from its global car manufacturer competitors suddenly give its technology away at no cost?

Tesla initially developed Invent Help Invention Ideas its technology. However, Tesla’s concern that it would be overwhelmed once established car makers ramped up their creation of electric cars never arrived at pass. Instead, it saw the electric 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 into the market.

Part of the reasoning here is that if more electric cars are made, then more battery recharging stations is going to be built too. This might make electric cars become a little more visible, as well as 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 for that reason, build its very own share in the total automotive market.

This kind of careful management of intellectual property at company level, maintained by policy-level awareness, can be quite 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 How Do I Patent An Idea is restricted 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 such industries to navigate a path around these complications, new knowledge and also the innovations that follow is going to be essential. And in knowledge economies, intellectual property may either be an enabler or even an inhibitor.

When the ownership of intellectual property is fragmented within an industry, it may slow down technology innovation and uptake, such as within 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 is used to guard and prolong lifecycles. This modification may see knowledge sharing that leads to accelerated innovation cycles as well as a wksgqs rapid uptake of sustainable alternatives within a sector: just what Tesla was longing for in electric vehicles.

This method to intellectual property, so-called “open IP”, is well advanced and mature inside the software industry and healthcare. It offers given usage of life-saving medicines to millions of people, specifically in Inventhelp New Inventions through patent pools, like 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 its not all about open IP.

How Do I Get A Patent – Find Out More..

We are using cookies on our website

Please confirm, if you accept our tracking cookies. You can also decline the tracking, so you can continue to visit our website without any data sent to third party services.