One of these lies in how the world manages the creation and ownership of inventions and concepts. A protectionist approach to intellectual property is made to protect and prolong the lifecycle of existing technologies, and enable innovators to capture the earnings off their creations. In a paper published with colleagues from universities in Germany and India, we examined how this also can make it more difficult for new and much more sustainable technologies to be developed and adopted. That explains why now there are other approaches being used 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 entire world in 2014 as he announced that his company was joining the open source movement and handing out its patents at no cost. It is essential to comprehend the rationale here. Why would an organization that had worked so hard to develop and protect its technology looking at the global car manufacturer competitors suddenly give its technology away for free?

Tesla initially developed Inventhelp Caveman to protect its technology. However, Tesla’s concern that it will be overwhelmed once established car makers ramped up their manufacture of electric cars never got to pass. Instead, it saw the electric car market stagnate at less than 1% of total vehicle sales. So Tesla changed its strategy from seeking to prevent others from building electric cars to attempting to encourage them in to the market.

Part of the reasoning here is that if more electric cars are made, then more battery recharging stations will 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 as opposed to diminish its position because they build the size of the electrical car market, and for that reason, build their own share of the total automotive market.

This kind of careful handling of intellectual property at company level, backed up by policy-level awareness, could be a powerful approach to support the same types 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. This type of water supply sector is fixed 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 as well as address malnutrition in poor countries.

For these particular industries to navigate a path around these complications, new knowledge and the Inventhelp Invention Service that follow will be essential. And in knowledge economies, intellectual property may either be an enabler or an inhibitor.

In the event the ownership of intellectual property is fragmented within an industry, it can decrease technology innovation and uptake, like within the electronics industry where multiple players own complementary patents. However, firms can instead open up their innovation processes and move away from jealously guarded, internal cultures, where intellectual dppdwz is used to guard and prolong lifecycles. This change may see knowledge sharing that leads to accelerated innovation cycles along with a more rapid uptake of sustainable alternatives throughout a sector: exactly what Tesla was longing for in electric vehicles.

This method to intellectual property, so-called “open IP”, is well advanced and mature in the software industry and healthcare. It offers given use of life-saving medicines to thousands of people, especially in Idea Help through patent pools, including the Medicine Patent Pool. This type of project depends 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 its not all about open IP.

Inventhelp Patent Information – Discover More..

We are using cookies on our website

Please confirm, if you accept our tracking cookies. You can also decline the tracking, so you can continue to visit our website without any data sent to third party services.