One of these brilliant lies in the way the world manages the creation and ownership of inventions and concepts. A protectionist strategy to intellectual property is designed to protect and prolong the lifecycle of existing technologies, and allow Invention Website to capture the earnings from their creations. In a paper published with colleagues from universities in Germany and India, we examined how this causes it to be tougher for new and a lot more sustainable technologies to be developed and adopted. That explains why now there are other approaches being used to go 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 away its patents free of charge. You should understand the rationale here. Why would an organization who had worked so desperately to develop and protect its technology from the global car manufacturer competitors suddenly give its technology away at no cost?
Tesla initially created a patent portfolio to safeguard its technology. However, Tesla’s concern that it would be overwhelmed once established car makers ramped up their production of electric cars never arrived at pass. Instead, it saw the electric 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 attempting to encourage them in to the market.
Area of the reasoning here is that if more electric cars are built, then more battery recharging stations will likely be built too. This might make electric cars become more visible, along with a more conventional choice. Tesla believes that an open intellectual property strategy can strengthen instead of diminish its position because they build the size of the electrical car market, and for that reason, build its own share in the total automotive market.
This type of careful handling of intellectual property at company level, maintained by policy-level awareness, could be a powerful method to keep the same kinds 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. The water supply sector is fixed by Invent Help Invention Ideas, pollutants, extreme environmental events like 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 problems, new knowledge as well as the innovations that follow will likely be essential. As well as in knowledge economies, intellectual property may either be an enabler or perhaps an inhibitor.
When the ownership of intellectual property is fragmented inside an industry, it can decelerate technology innovation and uptake, like 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 guard and prolong lifecycles. This change may see knowledge sharing that leads to accelerated innovation cycles along with a vyltsm rapid uptake of sustainable alternatives throughout a sector: exactly what Tesla was hoping for in electric vehicles.
This strategy to intellectual property, so-called “open IP”, is well advanced and mature inside the software industry and healthcare. It has given usage of life-saving medicines to millions of people, specifically in developing countries through patent pools, like the Medicine Patent Pool. This kind of project relies on Review For Inventhelp 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.