One of these brilliant lies in just how the world manages the creation and ownership of inventions and concepts. A protectionist strategy to New Invention is designed to protect and prolong the lifecycle of existing technologies, and allow innovators to capture the earnings from their creations. In a paper published with colleagues from universities in Germany and India, we examined how this also makes it tougher for new and a lot more sustainable technologies to be developed and adopted. That explains why now there are other approaches used to move key sectors to more sustainable systems and end this status quo.
Electric car manufacturer Tesla, has become doing just that. Tesla CEO Elon Musk “shocked” the entire world in 2014 when he announced that his company was joining the open source movement and giving away its patents for free. You should understand the rationale here. Why would a company that had worked so hard to build up and protect its technology looking at the global car manufacturer competitors suddenly give its technology away free of charge?
Tesla initially developed a patent portfolio to guard its technology. However, Tesla’s concern that it would 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 under 1% of total vehicle sales. So Tesla changed its strategy from seeking to prevent others from building electric cars to attempting 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 would make electric cars become a little more visible, along with a more conventional choice. Tesla believes that an open How To Get An Idea Made Into A Prototype With Inventhelp can strengthen instead of diminish its position because they build how big the electric car market, and consequently, build their own share in the total automotive market.
This kind of careful handling of intellectual property at company level, maintained by policy-level awareness, can be considered a powerful method to keep the same types 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. This type of 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 such industries to navigate a path around these complications, new knowledge and the innovations that follow is going to be essential. As well as in knowledge economies, intellectual property can either be an enabler or even an inhibitor.
When the ownership of intellectual property is fragmented inside an industry, it can slow down technology innovation and uptake, including inside the electronics industry where multiple players own complementary patents. However, firms can instead open their innovation processes and move away from jealously guarded, internal cultures, where intellectual property is utilized to protect and prolong lifecycles. This change may see knowledge sharing that leads to accelerated innovation cycles as well as a more rapid uptake of sustainable alternatives within a sector: just what Tesla was hoping for in electric vehicles.
This strategy to New Product Idea, so-called “open IP”, is well advanced and mature within the software industry and healthcare. It provides given usage of life-saving medicines to huge numbers of people, especially in developing countries through patent pools, including the Medicine Patent Pool. This kind of project relies upon multinational pharmaceutical companies sharing their jjnywy property, but small companies can also play a strategic roles in creating these new, more sustainable systems, and it’s not all about open IP.