One of these lies in the way 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 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 makes it more difficult for new and much 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 planet in 2014 as he announced that his company was joining the open source movement and handing out its patents for free. You should comprehend the rationale here. Why would a business which had worked so difficult to develop and protect its technology looking at the global car manufacturer competitors suddenly give its technology away free of charge?
Tesla initially developed Inventhelp New Inventions its technology. However, Tesla’s concern that it will be overwhelmed once established car makers ramped up their creation of electric cars never came to pass. Instead, it saw the electric 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 seeking to encourage them to the market.
Area of the reasoning here is that if more electric cars are made, 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 the open intellectual property strategy can strengthen instead of diminish its position by building the size of the electrical car market, and for that reason, build their own share in the total automotive market.
This kind of careful control over intellectual property at company level, supported by policy-level awareness, can be quite a powerful approach to secure 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 Idea Patent is restricted by water scarcity, pollutants, extreme environmental events including flooding and expenses 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 problems, new knowledge and also the innovations that follow will be essential. As well as in knowledge economies, intellectual property can either be an enabler or even an inhibitor.
If the ownership of intellectual property is fragmented in an industry, it could slow down technology innovation and uptake, like 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 can be used to guard and prolong lifecycles. This transformation may see knowledge sharing leading to accelerated innovation cycles and a wksgqs rapid uptake of sustainable alternatives throughout a sector: just 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 offers given usage of life-saving medicines to thousands of people, especially in How Do I Get A Patent through patent pools, like the Medicine Patent Pool. This sort of project relies upon 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 its not all about open IP.