One of these lies in the way the world manages the creation and ownership of inventions and concepts. A protectionist method of intellectual property was created to protect and prolong the lifecycle of existing technologies, and allow Mom Inventors to capture the earnings off their creations. In a paper published with colleagues from universities in Germany and India, we examined how this too can make it tougher for new and more sustainable technologies to get developed and adopted. That explains why there are now other approaches used 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 world in 2014 when he announced that his company was joining the open source movement and handing out its patents at no cost. It is important to be aware of the rationale here. Why would a company who had worked so hard to build up and protect its technology from the global car manufacturer competitors suddenly give its technology away for free?
Tesla initially created a patent portfolio to guard its technology. However, Tesla’s concern that it might be overwhelmed once established car makers ramped up their production of electric cars never came to pass. Instead, it saw the electric 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 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 could make electric cars become a little more visible, as well as a more conventional choice. Tesla believes an open intellectual property strategy can strengthen as opposed to diminish its position because they build the size of the electrical car market, and consequently, build its own share from the total automotive market.
This sort of careful management of intellectual property at company level, maintained by policy-level awareness, can be a powerful method 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. This type of water supply sector is fixed by Famous Inventors, 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 these industries to navigate a path around these problems, new knowledge as well as the innovations that follow will likely be essential. As well as in knowledge economies, intellectual property may either be an enabler or perhaps an inhibitor.
In the event the ownership of intellectual property is fragmented inside an industry, it may decelerate technology innovation and uptake, including within the electronics industry where multiple players own complementary patents. However, firms can instead open their innovation processes and depart from jealously guarded, internal cultures, where intellectual property is used to guard and prolong lifecycles. This modification may see knowledge sharing leading to accelerated innovation cycles as well as a vyltsm rapid uptake of sustainable alternatives throughout a sector: precisely 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 use of life-saving medicines to millions of people, specifically in developing countries through patent pools, like the Medicine Patent Pool. This sort of project relies upon Inventhelp Innovation News sharing their intellectual property, but small companies could also play a strategic roles in creating these new, more sustainable systems, and it’s not every about open IP.