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 made to protect and prolong the lifecycle of existing technologies, and allow Inventhelp Intromark to capture the earnings from their creations. In a paper published with colleagues from universities in Germany and India, we examined how this also causes it to be tougher for new and much more sustainable technologies to be developed and adopted. That explains why there are now other approaches being used to move key sectors to more sustainable systems and end this status quo.
Electric car manufacturer Tesla, continues to be doing exactly that. Tesla CEO Elon Musk “shocked” the entire world in 2014 when he announced that his company was joining the open source movement and giving away its patents at no cost. It is important to understand the rationale here. Why would a business that had worked so difficult to build up and protect its technology from its global car manufacturer competitors suddenly give its technology away for free?
Tesla initially developed a patent portfolio to guard its technology. However, Tesla’s concern that it will be overwhelmed once established car makers ramped up their manufacture of electric cars never got to pass. Instead, it saw the electric car market stagnate at lower than 1% of total vehicle sales. So Tesla changed its strategy from seeking to prevent others from building electric cars to seeking to encourage them to the market.
Portion of the reasoning here is that if more electric cars are made, then more battery recharging stations will likely be built too. This might make electric cars be a little 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 dimensions of the electric car market, and as a result, build its very own share from the total automotive market.
This type of careful control over intellectual property at company level, supported by policy-level awareness, can be quite a powerful method to support 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 water supply sector is fixed by water scarcity, pollutants, extreme environmental events such as 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 complications, new knowledge as well as the How To Patent A Product Idea that follow will be essential. And then in knowledge economies, intellectual property either can be an enabler or even an inhibitor.
In the event the ownership of intellectual property is fragmented within an industry, it can slow down technology innovation and uptake, including in 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 rtaotl to protect and prolong lifecycles. This transformation may see knowledge sharing which leads to accelerated Inventhelp George Foreman Commercial as well as a more rapid uptake of sustainable alternatives throughout a sector: exactly what Tesla was longing 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 offers given use of life-saving medicines to thousands of people, particularly in developing countries through patent pools, including the Medicine Patent Pool. This kind of project relies upon 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.