One of these lies in the way 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 enable 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 tougher for new and more sustainable technologies to be developed and adopted. That explains why nowadays there are other approaches being utilized to move key sectors to more sustainable systems and end this status quo.
Electric car manufacturer Tesla, continues to be doing exactly that. Tesla CEO Elon Musk “shocked” the planet 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 business that had worked so difficult to develop and protect its technology from the global car manufacturer competitors suddenly give its technology away for free?
Tesla initially developed Make My Invention Prototype its technology. However, Tesla’s concern that it might be overwhelmed once established car makers ramped up their production 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 attempting to prevent others from building electric cars to seeking to encourage them to 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 could make electric cars be a little more visible, along with a more conventional choice. Tesla believes an open intellectual property strategy can strengthen instead of diminish its position by building the dimensions of the electrical car market, and as a result, build its own share from the total automotive market.
This type of careful handling of intellectual property at company level, maintained by policy-level awareness, could be a powerful method to keep 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 Inventhelp is fixed by water scarcity, pollutants, extreme environmental events such as 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 also the innovations that follow will be essential. And then in knowledge economies, intellectual property may either be an enabler or an inhibitor.
When the ownership of intellectual property is fragmented inside an industry, it could 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 move away from jealously guarded, internal cultures, where intellectual property is used to protect and prolong lifecycles. This modification may see knowledge sharing leading to accelerated innovation cycles as well as a wksgqs rapid uptake of sustainable alternatives throughout a sector: exactly what Tesla was longing for in electric vehicles.
This strategy to intellectual property, so-called “open IP”, is well advanced and mature within the software industry and healthcare. It offers given use of life-saving medicines to thousands of people, specifically in Inventhelp Invention Ideas through patent pools, including the Medicine Patent Pool. This kind of project relies 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 not all about open IP.