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 permit 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 causes it to be tougher for new and more sustainable technologies to be developed and adopted. That explains why now there are other approaches being utilized to move key sectors to more sustainable systems and end this status quo.
Electric car manufacturer Tesla, has become doing 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 free of charge. It is essential to be aware of 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 for free?
Tesla initially developed How To Patent An Invention its technology. However, Tesla’s concern that it will be overwhelmed once established car makers ramped up their production of electric cars never arrived at pass. Instead, it saw the electric 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.
Portion of the reasoning here is when more electric cars are built, then more battery recharging stations will likely 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 by building how big the electrical car market, and for that reason, build its very own share of the total automotive market.
This kind of careful management of intellectual property at company level, backed up by policy-level awareness, can be a powerful way to keep the same forms 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. The Inventors Helpline 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 also to address malnutrition in poor countries.
For these industries to navigate a path around these problems, new knowledge and the innovations that follow is going to be essential. And in knowledge economies, intellectual property either can be an enabler or perhaps an inhibitor.
If the ownership of intellectual property is fragmented inside an industry, it may 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 used to guard and prolong lifecycles. This change may see knowledge sharing which leads to accelerated innovation cycles and a wksgqs rapid uptake of sustainable alternatives throughout a sector: precisely what Tesla was hoping for in electric vehicles.
This method to intellectual property, so-called “open IP”, is well advanced and mature within the software industry and healthcare. It has given usage of life-saving medicines to thousands of people, especially in Inventhelp Locations through patent pools, like the Medicine Patent Pool. This type of project relies upon 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 its not all about open IP.