One of these lies in just how the world manages the creation and ownership of inventions and ideas. A protectionist method of Patent Helper is designed to protect and prolong the lifecycle of existing technologies, and allow 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 much more sustainable technologies to be developed and adopted. That explains why nowadays there are other approaches 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 planet in 2014 as he announced that his company was joining the open source movement and handing out its patents for free. You should be aware of the rationale here. Why would a company who had worked so hard to develop and protect its technology from its 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 will be overwhelmed once established car makers ramped up their manufacture of electric cars never arrived at pass. Instead, it saw the electrical 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 seeking to encourage them in to 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 could make electric cars become more visible, as well as a more conventional choice. Tesla believes that an open Inventhelp Products can strengthen as opposed to diminish its position by building the dimensions of the electric car market, and as a result, build its very own share in the total automotive market.
This kind of careful handling of intellectual property at company level, supported by policy-level awareness, can become a powerful way 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 water supply sector is restricted by water scarcity, pollutants, extreme environmental events including 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 as well as address malnutrition in poor countries.
For such industries to navigate a path around these complications, new knowledge and also the innovations that follow will be essential. And in knowledge economies, intellectual property can either be an enabler or an inhibitor.
When the ownership of intellectual property is fragmented within an industry, it can slow down technology innovation and uptake, including inside the electronics industry where multiple players own complementary patents. However, firms can instead open their innovation processes and depart from jealously guarded, internal cultures, where intellectual property is utilized to safeguard and prolong lifecycles. This change may see knowledge sharing that leads to accelerated innovation cycles along with a more rapid uptake of sustainable alternatives throughout a sector: just what Tesla was dreaming about in electric vehicles.
This approach to Inventhelp Success, so-called “open IP”, is well advanced and mature inside the software industry and healthcare. It provides given use of life-saving medicines to huge numbers of people, particularly in developing countries through patent pools, such as the Medicine Patent Pool. This kind of project relies upon multinational pharmaceutical companies sharing their jjnywy 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.