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 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 harder for new and a lot more sustainable technologies to be developed and adopted. That explains why nowadays there are other approaches being utilized to move key sectors to more sustainable systems and end this status quo.

Electric car manufacturer Tesla, has become doing that. Tesla CEO Elon Musk “shocked” the entire world in 2014 as he announced that his company was joining the open source movement and giving away its patents for free. You should be aware of the rationale here. Why would an organization that had worked so desperately to produce and protect its technology looking at the global car manufacturer competitors suddenly give its technology away free of charge?

Tesla initially developed Invent Help Patent Information to protect 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 lower than 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.

Area of the reasoning here is that if more electric cars are built, then more battery recharging stations will be built too. This could make electric cars be a little more visible, along with a more conventional choice. Tesla believes that an open intellectual property strategy can strengthen as opposed to diminish its position by building the size of the electrical car market, and as a result, build its very own share from the total automotive market.

This kind of careful management of intellectual property at company level, backed up by policy-level awareness, can be quite a powerful approach to secure 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. 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 and also to address malnutrition in poor countries.

For these particular industries to navigate a path around these problems, new knowledge and the Inventhelp Stories that follow will be essential. And then in knowledge economies, intellectual property may either be an enabler or perhaps an inhibitor.

If the ownership of intellectual property is fragmented within an industry, it could decelerate technology innovation and uptake, such as in 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 dppdwz is used to guard and prolong lifecycles. This change may see knowledge sharing which leads to accelerated innovation cycles and a more rapid uptake of sustainable alternatives within a sector: exactly what Tesla was dreaming about in electric vehicles.

This approach to intellectual property, so-called “open IP”, is well advanced and mature inside the software industry and healthcare. It provides given usage of life-saving medicines to huge numbers of people, specifically in Inventhelp Tech through patent pools, like the Medicine Patent Pool. This sort of project depends on multinational pharmaceutical companies sharing their intellectual property, but small companies could also play a strategic roles in creating these new, more sustainable systems, and it’s not all about open IP.

Famous Inventors – Discover New Insights..

We are using cookies on our website

Please confirm, if you accept our tracking cookies. You can also decline the tracking, so you can continue to visit our website without any data sent to third party services.