One of these brilliant lies in just how the world manages the creation and ownership of inventions and ideas. A protectionist approach to intellectual property is made to protect and prolong the lifecycle of existing technologies, and allow How To Get An Idea Patented 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 a lot 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 entire world in 2014 as he announced that his company was joining the open source movement and giving out its patents free of charge. You should comprehend the rationale here. Why would a company that had worked so difficult to produce and protect its technology from the global car manufacturer competitors suddenly give its technology away for free?
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 lower than 1% of total vehicle sales. So Tesla changed its strategy from attempting to prevent others from building electric cars to attempting to encourage them into the market.
Part of the reasoning here is when more electric cars are designed, then more battery recharging stations will be built too. This would make electric cars be a little more visible, and a more conventional choice. Tesla believes an open intellectual property strategy can strengthen instead of diminish its position because they build the dimensions of the electric car market, and for that reason, build its very own share from the total automotive market.
This type of careful control over intellectual property at company level, maintained by policy-level awareness, can be a powerful way to support the same types 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 restricted by water scarcity, pollutants, extreme environmental events such as 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 and to address malnutrition in poor countries.
For such industries to navigate a path around these issues, new knowledge and the Inventhelp Pittsburgh that follow is going to be essential. And in knowledge economies, intellectual property can either be an enabler or even an inhibitor.
When the ownership of intellectual property is fragmented inside an industry, it can 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 depart from jealously guarded, internal cultures, where intellectual property is rtaotl to safeguard and prolong lifecycles. This change may see knowledge sharing that leads to accelerated Inventhelp Commercial as well as a more rapid uptake of sustainable alternatives within a sector: just what Tesla was hoping for in electric vehicles.
This strategy to intellectual property, so-called “open IP”, is well advanced and mature in the software industry and healthcare. It provides given access to life-saving medicines to millions of people, particularly in developing countries through patent pools, like the Medicine Patent Pool. This sort of project relies 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.