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One of these lies in the way the world manages the creation and ownership of inventions and concepts. A protectionist approach to intellectual property was created to protect and prolong the lifecycle of existing technologies, and permit innovators to capture the earnings off their creations. In a paper published with colleagues from universities in Germany and India, we examined how this also makes it harder for new and more sustainable technologies to be developed and adopted. That explains why now there are 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 exactly 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 free of charge. You should understand the rationale here. Why would an organization who had worked so hard to produce and protect its technology from its global car manufacturer competitors suddenly give its technology away at no cost?

Tesla initially developed Invent Help Patent Information to protect its technology. However, Tesla’s concern that it might be overwhelmed once established car makers ramped up their creation of electric cars never got to pass. Instead, it saw the electric car market stagnate at less than 1% of total vehicle sales. So Tesla changed its strategy from attempting to prevent others from building electric cars to attempting to encourage them into the market.

Area of the reasoning here is that if more electric cars are built, then more battery recharging stations will likely be built too. This would make electric cars become more visible, along with a more conventional choice. Tesla believes that the open intellectual property strategy can strengthen as opposed to diminish its position by building how big the electric car market, and for that reason, build its very own share in the total automotive market.

This sort of careful management of intellectual property at company level, maintained by policy-level awareness, can be a powerful approach to keep the same forms 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. Water supply sector is fixed by water scarcity, pollutants, extreme environmental events including flooding and expenses related to 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 issues, new knowledge and also the Inventhelp New Store Products that follow will likely be essential. As well as in knowledge economies, intellectual property either can be an enabler or perhaps an inhibitor.

In the event the ownership of intellectual property is fragmented in an industry, it can slow down technology innovation and uptake, including 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 intellectual dppdwz can be used to safeguard and prolong lifecycles. This transformation may see knowledge sharing leading to accelerated innovation cycles as well as 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 inside the software industry and healthcare. It provides given access to life-saving medicines to huge numbers of people, especially in Make My Invention Prototype through patent pools, including the Medicine Patent Pool. This kind of project relies 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 its not all about open IP.

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