One of these lies in just how the world manages the creation and ownership of inventions and ideas. A protectionist approach to Inventhelp Patent Referral Services is made 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 makes it more difficult for new and more sustainable technologies to be developed and adopted. That explains why nowadays 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 planet in 2014 as he announced that his company was joining the open source movement and giving away its patents free of charge. It is important to understand the rationale here. Why would a company that had worked so hard to develop 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 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 electric 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 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 could make electric cars be a little more visible, as well as a more conventional choice. Tesla believes an open intellectual property strategy can strengthen instead of diminish its position because they build how big the electrical car market, and for that reason, build its own share from the total automotive market.
This kind of careful control over Inventhelp Patent Information at company level, supported by policy-level awareness, can become a powerful method to keep 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. This type of water supply sector is fixed by water scarcity, pollutants, extreme environmental events including 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 as well as the innovations that follow is going to be essential. And then in knowledge economies, intellectual property can either be an enabler or even an inhibitor.
In the event 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 open up 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 along with 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 provides given usage of life-saving medicines to huge numbers of people, especially in developing countries through patent pools, such as the Medicine Patent Pool. This kind of project relies on multinational pharmaceutical companies sharing their Patent Attorney, but small companies can also play a strategic roles in creating these new, more sustainable systems, and it’s not every about open IP.