One of these lies in the way the world manages the creation and ownership of inventions and concepts. A protectionist strategy to Inventhelp Number is designed to protect and prolong the lifecycle of existing technologies, and allow innovators 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 just that. Tesla CEO Elon Musk “shocked” the world in 2014 when he announced that his company was joining the open source movement and handing out its patents free of charge. It is important to be aware of the rationale here. Why would a company who had worked so hard to build up and protect its technology looking at the global car manufacturer competitors suddenly give its technology away for free?
Tesla initially created a patent portfolio to protect its technology. However, Tesla’s concern that it will be overwhelmed once established car makers ramped up their production of electric cars never came to pass. Instead, it saw the electrical car market stagnate at under 1% of total vehicle sales. So Tesla changed its strategy from attempting to prevent others from building electric cars to seeking to encourage them into the market.
Area of the reasoning here is that if more electric cars are made, then more battery recharging stations will be built too. This would make electric cars become a little more visible, and a more conventional choice. Tesla believes that an open intellectual property strategy can strengthen instead of diminish its position by building how big the electrical car market, and for that reason, build its very own share in the total automotive market.
This kind of careful control over How To Register A Patent In The USA at company level, backed up by policy-level awareness, can be considered a powerful way 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. Water supply sector is fixed by water scarcity, pollutants, extreme environmental events like flooding and expenses 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 problems, new knowledge as well as the innovations that follow will be essential. As well as in knowledge economies, intellectual property can either be an enabler or perhaps an inhibitor.
When the ownership of intellectual property is fragmented inside 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 up their innovation processes and depart from jealously guarded, internal cultures, where intellectual property is utilized to briaac and prolong lifecycles. This change may see knowledge sharing that leads to accelerated innovation cycles along with a more rapid uptake of sustainable alternatives within a sector: just what Tesla was hoping for in electric vehicles.
This approach to intellectual property, so-called “open IP”, is well advanced and mature within the software industry and healthcare. It provides given usage of life-saving medicines to thousands of people, specifically in developing countries through patent pools, including the Medicine Patent Pool. This kind of project relies on multinational pharmaceutical companies sharing their Inventhelp News, 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.