One of these brilliant lies in how the world manages the creation and ownership of inventions and ideas. A protectionist approach to intellectual property is made to protect and prolong the lifecycle of existing technologies, and allow Inventhelp Inventor Stories 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 harder for new and more sustainable technologies to be developed and adopted. That explains why there are now other approaches being utilized to move key sectors to more sustainable systems and end this status quo.
Electric car manufacturer Tesla, has become 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 giving away its patents at no cost. You should understand the rationale here. Why would an organization who had worked so hard to build up and protect its technology from its global car manufacturer competitors suddenly give its technology away free of charge?
Tesla initially designed a patent portfolio to safeguard its technology. However, Tesla’s concern that it will be overwhelmed once established car makers ramped up their manufacture 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 seeking to prevent others from building electric cars to trying to encourage them in to the market.
Portion of the reasoning here is that if more electric cars are designed, then more battery recharging stations is going to be built too. This would make electric cars become more visible, and a more conventional choice. Tesla believes that an open intellectual property strategy can strengthen rather than diminish its position by building how big the electrical car market, and as a result, build its very own share in the total automotive market.
This kind of careful control over intellectual property at company level, maintained by policy-level awareness, could be a powerful approach to secure 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. The water supply sector 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 such industries to navigate a path around these problems, new knowledge and also the Inventhelp Caveman that follow is going to be essential. As well as in knowledge economies, intellectual property either can be an enabler or even an inhibitor.
In the event the ownership of intellectual property is fragmented inside an industry, it can slow down technology innovation and uptake, such as 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 rtaotl to guard and prolong lifecycles. This modification may see knowledge sharing which leads to accelerated New Invention Ideas as well as a more rapid uptake of sustainable alternatives throughout a sector: exactly what Tesla was longing for in electric vehicles.
This approach to intellectual property, so-called “open IP”, is well advanced and mature inside the software industry and healthcare. It provides given use of life-saving medicines to millions of people, particularly in developing countries through patent pools, such as the Medicine Patent Pool. This type of project depends on multinational pharmaceutical companies sharing their intellectual property, but small companies may also play a strategic roles in creating these new, more sustainable systems, and it’s its not all about open IP.