One of these lies in just how the world manages the creation and ownership of inventions and ideas. A protectionist approach to How To Get A Patent is designed to protect and prolong the lifecycle of existing technologies, and allow 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 a lot 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, continues to be doing that. Tesla CEO Elon Musk “shocked” the planet in 2014 when he announced that his company was joining the open source movement and giving out its patents for free. It is essential to be aware of the rationale here. Why would a company who had worked so hard to produce and protect its technology from its global car manufacturer competitors suddenly give its technology away for free?
Tesla initially designed a patent portfolio to protect its technology. However, Tesla’s concern that it might be overwhelmed once established car makers ramped up their manufacture of electric cars never got to pass. Instead, it saw the electrical 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 in to the market.
Area of the reasoning here is when more electric cars are made, then more battery recharging stations will likely be built too. This might make electric cars become more visible, as well as a more conventional choice. Tesla believes that an open intellectual property strategy can strengthen as opposed to diminish its position by building the dimensions of the electric car market, and for that reason, build their own share of the total automotive market.
This sort of careful handling of Invention Ideas at company level, backed up by policy-level awareness, could be a powerful way 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 water supply sector is restricted 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 such industries to navigate a path around these complications, new knowledge as well as the innovations that follow will be essential. And then in knowledge economies, intellectual property either can be an enabler or even an inhibitor.
When the ownership of Inventions Ideas is fragmented in an industry, it could decrease technology innovation and uptake, such as in 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 kxwlfd property can be used to protect and prolong lifecycles. This modification may see knowledge sharing which leads to accelerated innovation cycles and a more rapid uptake of sustainable alternatives throughout a sector: just what Tesla was hoping for in electric vehicles.
This strategy to intellectual property, so-called “open IP”, is well advanced and mature inside the software industry and healthcare. It offers given access to life-saving medicines to millions of people, specifically in developing countries through patent pools, like the Medicine Patent Pool. This kind 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 not every about open IP.