One of these lies in the way the world manages the creation and ownership of inventions and ideas. A protectionist approach to How To Pitch An Invention Idea To A Company 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 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 exactly that. Tesla CEO Elon Musk “shocked” the planet in 2014 when he announced that his company was joining the open source movement and handing out its patents free of charge. You should be aware of the rationale here. Why would a business that had worked so desperately to produce and protect its technology from its global car manufacturer competitors suddenly give its technology away for free?
Tesla initially created a patent portfolio to safeguard its technology. However, Tesla’s concern that it would 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 trying to prevent others from building electric cars to attempting to encourage them in to the market.
Area of the reasoning here is when more electric cars are designed, then more battery recharging stations will likely be built too. This could make electric cars become more visible, as well as a more conventional choice. Tesla believes that the open intellectual property strategy can strengthen instead of diminish its position by building the dimensions of the electric car market, and consequently, build its very own share of the total automotive market.
This type of careful control over Invent Help at company level, maintained by policy-level awareness, can be a powerful approach to support 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. Water supply sector is fixed 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 as well as address malnutrition in poor countries.
For these industries to navigate a path around these complications, new knowledge as well as the innovations that follow is going to be essential. As well as in knowledge economies, intellectual property can either be an enabler or perhaps an inhibitor.
If the ownership of Market An Invention Idea is fragmented in an industry, it can decelerate technology innovation and uptake, like 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 kxwlfd property is used to safeguard and prolong lifecycles. This transformation may see knowledge sharing which leads to accelerated innovation cycles and a more rapid uptake of sustainable alternatives within a sector: precisely what Tesla was dreaming about in electric vehicles.
This strategy to intellectual property, so-called “open IP”, is well advanced and mature in the software industry and healthcare. It provides given use of life-saving medicines to millions of people, especially in developing countries through patent pools, including the Medicine Patent Pool. This kind 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 not every about open IP.