One of these lies in how the world manages the creation and ownership of inventions and concepts. A protectionist approach to intellectual property is designed to protect and prolong the lifecycle of existing technologies, and permit 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 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, 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. It is essential to comprehend the rationale here. Why would an organization which had worked so hard to build up and protect its technology from its global car manufacturer competitors suddenly give its technology away at no cost?
Tesla initially developed Inventhelp Commercial its technology. However, Tesla’s concern that it would be overwhelmed once established car makers ramped up their manufacture of electric cars never arrived at pass. Instead, it saw the electrical 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 in to the market.
Area of the reasoning here is that if more electric cars are built, then more battery recharging stations is going to be built too. This could make electric cars be a little more visible, along with a more conventional choice. Tesla believes that the open intellectual property strategy can strengthen rather than diminish its position because they build how big the electrical car market, and consequently, build their own share of the total automotive market.
This type of careful management of intellectual property at company level, supported by policy-level awareness, can be quite a powerful method to keep the same kinds 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. The Patent Your Idea is fixed by water scarcity, pollutants, extreme environmental events including flooding and expenses 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 and also to address malnutrition in poor countries.
For these particular industries to navigate a path around these issues, new knowledge as well as the innovations that follow will be essential. And in knowledge economies, intellectual property may either be an enabler or perhaps an inhibitor.
When the ownership of intellectual property is fragmented in an industry, it can slow down technology innovation and uptake, like within 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 used to safeguard and prolong lifecycles. This change may see knowledge sharing which leads to accelerated innovation cycles as well as a wksgqs rapid uptake of sustainable alternatives throughout 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 within the software industry and healthcare. It provides given usage of life-saving medicines to millions of people, specifically in Inventhelp Office Locations through patent pools, like the Medicine Patent Pool. This type 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 all about open IP.