One of these lies in how the world manages the creation and ownership of inventions and concepts. A protectionist approach to intellectual property 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 causes it to be 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 that. Tesla CEO Elon Musk “shocked” the world in 2014 when he announced that his company was joining the open source movement and giving out its patents free of charge. It is important to be aware of the rationale here. Why would an organization who had worked so desperately to produce and protect its technology from its global car manufacturer competitors suddenly give its technology away at no cost?
Tesla initially developed How Do I Patent A Product its technology. However, Tesla’s concern that it might be overwhelmed once established car makers ramped up their production of electric cars never got to pass. Instead, it saw the electrical 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 trying 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 as opposed to diminish its position because they build the dimensions of the electrical car market, and for that reason, build their own share of the total automotive market.
This sort of careful handling of intellectual property at company level, maintained by policy-level awareness, could be a powerful method to keep the same types 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. The Inventhelp Commercials is restricted by water scarcity, pollutants, extreme environmental events including 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 to address malnutrition in poor countries.
For these industries to navigate a path around these complications, new knowledge and the innovations that follow is going to 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 could decrease technology innovation and uptake, like within the electronics industry where multiple players own complementary patents. However, firms can instead open their innovation processes and depart from jealously guarded, internal cultures, where intellectual property is used to guard and prolong lifecycles. This transformation may see knowledge sharing which leads to accelerated innovation cycles as well as a wksgqs rapid uptake of sustainable alternatives within a sector: exactly what Tesla was hoping 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 provides given usage of life-saving medicines to thousands of people, especially in Inventhelp Pittsburgh through patent pools, such as the Medicine Patent Pool. This sort of project depends on multinational pharmaceutical companies sharing their intellectual property, 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.