One of these lies in the way the world manages the creation and ownership of inventions and ideas. A protectionist approach to intellectual property is designed 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 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 been doing exactly that. Tesla CEO Elon Musk “shocked” the world in 2014 as he announced that his company was joining the open source movement and giving away its patents for free. You should be aware of the rationale here. Why would a company which had worked so hard to produce and protect its technology from its global car manufacturer competitors suddenly give its technology away free of charge?
Tesla initially developed New Invention Ideas its technology. However, Tesla’s concern that it would be overwhelmed once established car makers ramped up their manufacture of electric cars never arrived at pass. Instead, it saw the electric car market stagnate at under 1% of total vehicle sales. So Tesla changed its strategy from seeking to prevent others from building electric cars to seeking to encourage them into the market.
Part of the reasoning here is when more electric cars are built, then more battery recharging stations is going to be built too. This might make electric cars become more visible, along with a more conventional choice. Tesla believes an open intellectual property strategy can strengthen rather than diminish its position because they build the size of the electrical car market, and for that reason, build its very own share in the total automotive market.
This type of careful control over intellectual property at company level, maintained by policy-level awareness, can be a powerful method to secure the same kinds of transitions to more sustainable technologies in other industries too.
Energy supply faces a multitude of difficulties: the depletion of natural resources; air pollution and greenhouse gas emissions; nuclear risks; and security of supply. The Inventhelp Store is fixed 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 as well as address malnutrition in poor countries.
For such industries to navigate a path around these problems, new knowledge as well as the innovations that follow is going to be essential. And in knowledge economies, intellectual property can either be an enabler or perhaps an inhibitor.
In the event the ownership of intellectual property is fragmented inside an industry, it could decelerate technology innovation and uptake, like 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 can be used to guard and prolong lifecycles. This modification may see knowledge sharing which leads to accelerated innovation cycles along with a wksgqs rapid uptake of sustainable alternatives within a sector: exactly what Tesla was longing for 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 access to life-saving medicines to huge numbers of people, specifically in Ideas For Inventions through patent pools, such as the Medicine Patent Pool. This type 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.