One of these lies in just how the world manages the creation and ownership of inventions and ideas. A protectionist strategy to How To Do A Patent Search With Inventhelp was created 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 harder 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 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 essential to comprehend the rationale here. Why would a company who had worked so hard to build up 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 would be overwhelmed once established car makers ramped up their creation of electric cars never got to pass. Instead, it saw the electric car market stagnate at under 1% of total vehicle sales. So Tesla changed its strategy from trying to prevent others from building electric cars to seeking 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 could make electric cars be a little more visible, along with 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 electric car market, and for that reason, build their own share in the total automotive market.
This kind of careful management of How To Patent Ideas at company level, backed up by policy-level awareness, can become a powerful method to support the same types 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. Water supply sector is fixed by water scarcity, pollutants, extreme environmental events like 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 these 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 an inhibitor.
In the event the ownership of intellectual property is fragmented inside 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 open up their innovation processes and depart from jealously guarded, internal cultures, where intellectual property is used 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 within 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 has given usage of life-saving medicines to thousands of people, especially in developing countries through patent pools, like the Medicine Patent Pool. This kind of project relies on multinational pharmaceutical companies sharing their Inventor Ideas, 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.