One of these lies in how the world manages the creation and ownership of inventions and ideas. A protectionist approach to Invent Help Technology was created to protect and prolong the lifecycle of existing technologies, and permit innovators 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 harder 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 entire world in 2014 when he announced that his company was joining the open source movement and giving away its patents free of charge. You should be aware of the rationale here. Why would a company which had worked so hard to build up and protect its technology from the global car manufacturer competitors suddenly give its technology away for free?
Tesla initially designed a patent portfolio to safeguard its technology. However, Tesla’s concern that it might be overwhelmed once established car makers ramped up their manufacture of electric cars never arrived at 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 attempting to encourage them to the market.
Area of the reasoning here is when more electric cars are designed, then more battery recharging stations will likely be built too. This would make electric cars become a little more visible, as well as a more conventional choice. Tesla believes an open intellectual property strategy can strengthen as opposed to diminish its position because they build how big the electrical car market, and consequently, build their own share of the total automotive market.
This kind of careful handling of Inventhelp Prototype Services at company level, maintained by policy-level awareness, can be considered a powerful method 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. This type of water supply sector is restricted by water scarcity, pollutants, extreme environmental events such as flooding and costs 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 to address malnutrition in poor countries.
For these particular industries to navigate a path around these complications, new knowledge and also the innovations that follow is going to be essential. And in knowledge economies, intellectual property can either be an enabler or perhaps an inhibitor.
If the ownership of intellectual property is fragmented in an industry, it can slow down technology innovation and uptake, like inside 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 utilized to briaac and prolong lifecycles. This change may see knowledge sharing that leads to accelerated innovation cycles as well as a more rapid uptake of sustainable alternatives throughout 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 inside the software industry and healthcare. It has given use of life-saving medicines to thousands of people, particularly in developing countries through patent pools, including the Medicine Patent Pool. This kind of project relies on multinational pharmaceutical companies sharing their Prototype Service Inventhelp, 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.