One of these lies in just how the world manages the creation and ownership of inventions and ideas. A protectionist strategy to What To Do With An Invention Idea is made 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 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 been doing just that. Tesla CEO Elon Musk “shocked” the 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 important to be aware of the rationale here. Why would a company who 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 created a patent portfolio to protect its technology. However, Tesla’s concern that it will be overwhelmed once established car makers ramped up their creation of electric cars never arrived at pass. Instead, it saw the electrical car market stagnate at less than 1% of total vehicle sales. So Tesla changed its strategy from trying to prevent others from building electric cars to seeking to encourage them in to the market.
Area of the reasoning here is that if 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, along with a more conventional choice. Tesla believes that an open intellectual property strategy can strengthen as opposed to diminish its position by building the size of the electric car market, and consequently, build its own share in the total automotive market.
This kind of careful handling of Inventhelp Product Licensing at company level, maintained by policy-level awareness, can become a powerful approach to secure 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 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 and also to address malnutrition in poor countries.
For such industries to navigate a path around these issues, new knowledge as well as the innovations that follow will likely be essential. And then in knowledge economies, intellectual property can either be an enabler or perhaps an inhibitor.
In the event the ownership of intellectual property is fragmented within an industry, it can slow down technology innovation and uptake, including within the electronics industry where multiple players own complementary patents. However, firms can instead start their innovation processes and depart 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 and a more rapid uptake of sustainable alternatives throughout a sector: just what Tesla was longing for in electric vehicles.
This approach to intellectual property, so-called “open IP”, is well advanced and mature in the software industry and healthcare. It has given usage of life-saving medicines to thousands of people, specifically in developing countries through patent pools, including the Medicine Patent Pool. This kind of project depends on multinational pharmaceutical companies sharing their Inventors Help, but small companies can also play a strategic roles in creating these new, more sustainable systems, and it’s not every about open IP.