One of these lies in the way the world manages the creation and ownership of inventions and concepts. A protectionist approach to intellectual property was created to protect and prolong the lifecycle of existing technologies, and allow innovators to capture the profits off 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 a lot more sustainable technologies to be developed and adopted. That explains why nowadays there are 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 world in 2014 when he announced that his company was joining the open source movement and giving out its patents free of charge. It is important to understand the rationale here. Why would a company who had worked so desperately to produce and protect its technology looking at the global car manufacturer competitors suddenly give its technology away free of charge?
Tesla initially developed Inventhelp Office Locations to guard its technology. However, Tesla’s concern that it might be overwhelmed once established car makers ramped up their production of electric cars never got to 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 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 is going to be built too. This might make electric cars be a little more visible, as well as a more conventional choice. Tesla believes that an open intellectual property strategy can strengthen instead of diminish its position by building the size of the electrical car market, and as a result, build its very own share in the total automotive market.
This kind of careful control over intellectual property at company level, backed up by policy-level awareness, can be 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. This type of water supply sector is fixed 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 these industries to navigate a path around these issues, new knowledge and also the Inventhelp Headquarters that follow will likely be essential. And then in knowledge economies, intellectual property either can be an enabler or perhaps an inhibitor.
In the event the ownership of intellectual property is fragmented within an industry, it can decrease technology innovation and uptake, such as inside the electronics industry where multiple players own complementary patents. However, firms can instead start their innovation processes and depart from jealously guarded, internal cultures, where intellectual dppdwz can be used to safeguard and prolong lifecycles. This change may see knowledge sharing that leads to accelerated innovation cycles and a more rapid uptake of sustainable alternatives within a sector: exactly what Tesla was dreaming about in electric vehicles.
This strategy to intellectual property, so-called “open IP”, is well advanced and mature in the software industry and healthcare. It offers given usage of life-saving medicines to millions of people, specifically in Inventhelp Inventors through patent pools, including the Medicine Patent Pool. This type of project relies upon 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.