One of these brilliant lies in just how the world manages the creation and ownership of inventions and concepts. A protectionist approach to intellectual property is designed to protect and prolong the lifecycle of existing technologies, and enable Inventhelp Inventions Store 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 harder for new and much 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, continues to be doing that. Tesla CEO Elon Musk “shocked” the planet in 2014 when he announced that his company was joining the open source movement and giving out its patents for free. You should be aware of the rationale here. Why would a company who had worked so desperately to build up and protect its technology from the global car manufacturer competitors suddenly give its technology away free of charge?
Tesla initially created a patent portfolio to safeguard its technology. However, Tesla’s concern that it might 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 less 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 to the market.
Area 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 become a little more visible, and a more conventional choice. Tesla believes that the open intellectual property strategy can strengthen instead of diminish its position because they build the dimensions of the electrical car market, and for that reason, build its very own share from the total automotive market.
This sort of careful management of 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 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 restricted by water scarcity, pollutants, extreme environmental events such as 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 particular industries to navigate a path around these problems, new knowledge and the How To Submit A Patent that follow is going to be essential. And then in knowledge economies, intellectual property may either be an enabler or perhaps an inhibitor.
If the ownership of intellectual property is fragmented in an industry, it may decelerate technology innovation and uptake, like 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 intellectual property is rtaotl to guard and prolong lifecycles. This modification may see knowledge sharing that leads to accelerated Inventhelp Company Headquarters along with a more rapid uptake of sustainable alternatives within a sector: exactly what Tesla was dreaming about in electric vehicles.
This approach to intellectual property, so-called “open IP”, is well advanced and mature inside the software industry and healthcare. It provides given use of life-saving medicines to huge numbers of people, specifically 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 may also play a strategic roles in creating these new, more sustainable systems, and it’s its not all about open IP.