One of these lies in just how the world manages the creation and ownership of inventions and ideas. A protectionist approach to What Is A Patent 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 harder for new and more sustainable technologies to be developed and adopted. That explains why there are now other approaches being utilized to move key sectors to more sustainable systems and end this status quo.
Electric car manufacturer Tesla, continues to be doing that. Tesla CEO Elon Musk “shocked” the 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 comprehend the rationale here. Why would a company that had worked so desperately to develop and protect its technology looking at the global car manufacturer competitors suddenly give its technology away at no cost?
Tesla initially developed a patent portfolio to protect its technology. However, Tesla’s concern that it would be overwhelmed once established car makers ramped up their creation of electric cars never got to pass. Instead, it saw the electrical 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 trying to encourage them into the market.
Portion of the reasoning here is that if more electric cars are built, then more battery recharging stations will be built too. This could make electric cars become a little more visible, and a more conventional choice. Tesla believes an open intellectual property strategy can strengthen rather than diminish its position by building the size of the electric car market, and consequently, build its own share in the total automotive market.
This kind of careful control over How To Patent An Idea With Inventhelp at company level, backed up by policy-level awareness, could be a powerful way to secure the same types 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. Water supply sector is fixed by water scarcity, pollutants, extreme environmental events including 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 such industries to navigate a path around these issues, new knowledge and also the innovations that follow is going to be essential. And then in knowledge economies, intellectual property can either be an enabler or even an inhibitor.
If the ownership of Inventhelp is fragmented within an industry, it can decrease technology innovation and uptake, including 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 kxwlfd property is used to protect and prolong lifecycles. This transformation may see knowledge sharing which leads to accelerated innovation cycles along with a more rapid uptake of sustainable alternatives throughout a sector: precisely what Tesla was dreaming about in electric vehicles.
This strategy to intellectual property, so-called “open IP”, is well advanced and mature within the software industry and healthcare. It has given use of life-saving medicines to huge numbers of people, specifically in developing countries through patent pools, like the Medicine Patent Pool. This kind of project depends on multinational pharmaceutical companies sharing their intellectual property, but small companies could also play a strategic roles in creating these new, more sustainable systems, and it’s not all about open IP.