One of these brilliant lies in the way 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 allow Inventhelp Commercials to capture the earnings from their creations. In a paper published with colleagues from universities in Germany and India, we examined how this also causes it to be tougher for new and a lot 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 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 free of charge. It is important to understand the rationale here. Why would a company which had worked so desperately to build up and protect its technology from its global car manufacturer competitors suddenly give its technology away for free?
Tesla initially designed a patent portfolio to guard its technology. However, Tesla’s concern that it would be overwhelmed once established car makers ramped up their manufacture of electric cars never got to 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 trying to encourage them into the market.
Part of the reasoning here is that if more electric cars are built, then more battery recharging stations will be built too. This might make electric cars become more visible, and a more conventional choice. Tesla believes that the open intellectual property strategy can strengthen as opposed to diminish its position by building the size of the electrical car market, and consequently, build its own share in the total automotive market.
This kind of careful handling of intellectual property at company level, maintained by policy-level awareness, could be a powerful way to support 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 water supply sector is fixed by water scarcity, pollutants, extreme environmental events like flooding and expenses related to 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 these industries to navigate a path around these complications, new knowledge as well as the New Product Idea that follow will be essential. And then in knowledge economies, intellectual property either can be an enabler or perhaps an inhibitor.
When the ownership of intellectual property is fragmented inside an industry, it may slow down technology innovation and uptake, including 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 is rtaotl to guard and prolong lifecycles. This modification may see knowledge sharing which leads to accelerated Patent A Product as well as a more rapid uptake of sustainable alternatives throughout a sector: just what Tesla was longing for in electric vehicles.
This method to intellectual property, so-called “open IP”, is well advanced and mature within the software industry and healthcare. It offers given access to life-saving medicines to thousands of people, especially in developing countries through patent pools, like the Medicine Patent Pool. This type of project relies 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 not all about open IP.