One of these lies in the way 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 enable Inventhelp New Products 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 tougher for new and 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, has become doing exactly that. Tesla CEO Elon Musk “shocked” the world in 2014 as he announced that his company was joining the open source movement and giving out its patents for free. It is important to understand the rationale here. Why would a company which had worked so difficult to develop and protect its technology looking at the global car manufacturer competitors suddenly give its technology away free of charge?
Tesla initially developed a patent portfolio to safeguard its technology. However, Tesla’s concern that it would be overwhelmed once established car makers ramped up their manufacture of electric cars never got to pass. Instead, it saw the electrical 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 attempting to encourage them into the market.
Portion of the reasoning here is when more electric cars are designed, then more battery recharging stations will be built too. This could make electric cars be a little more visible, along with a more conventional choice. Tesla believes that the open intellectual property strategy can strengthen instead of diminish its position because they build the size of the electric car market, and for that reason, build its very own share from the total automotive market.
This sort of careful management of intellectual property at company level, maintained by policy-level awareness, can be quite a powerful way to support the same kinds 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. Water supply sector is restricted 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 and also to address malnutrition in poor countries.
For such industries to navigate a path around these issues, new knowledge and also the Product Patent that follow will be essential. As well as 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 could decelerate technology innovation and uptake, such as in the electronics industry where multiple players own complementary patents. However, firms can instead start their innovation processes and move away from jealously guarded, internal cultures, where intellectual property is rtaotl to guard and prolong lifecycles. This modification may see knowledge sharing which leads to accelerated How To Obtain A Patent along with a more rapid uptake of sustainable alternatives within a sector: exactly what Tesla was longing 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 provides given use of life-saving medicines to millions of people, particularly in developing countries through patent pools, including the Medicine Patent Pool. This type 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 not all about open IP.