One of these lies in just how the world manages the creation and ownership of inventions and ideas. A protectionist approach to Reviews For Inventhelp is designed to protect and prolong the lifecycle of existing technologies, and enable 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 there are now other approaches being used to move key sectors to more sustainable systems and end this status quo.
Electric car manufacturer Tesla, has been doing just 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 essential to understand the rationale here. Why would a company that had worked so hard to develop and protect its technology from its global car manufacturer competitors suddenly give its technology away for free?
Tesla initially created a patent portfolio to safeguard its technology. However, Tesla’s concern that it will be overwhelmed once established car makers ramped up their creation of electric cars never got to pass. Instead, it saw the electrical 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 trying to encourage them in to the market.
Portion of the reasoning here is that if more electric cars are built, then more battery recharging stations will be built too. This would make electric cars become a little more visible, along with a more conventional choice. Tesla believes an open intellectual property strategy can strengthen rather than diminish its position because they build how big the electric car market, and consequently, build their own share of the total automotive market.
This kind of careful management of Inventhelp Invention Stories 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. Water supply sector is restricted by water scarcity, 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 and also to address malnutrition in poor countries.
For these particular industries to navigate a path around these problems, new knowledge and also the innovations that follow is going to be essential. And then in knowledge economies, intellectual property can either be an enabler or even an inhibitor.
In the event the ownership of intellectual property is fragmented in an industry, it can slow down 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 move away from jealously guarded, internal cultures, where intellectual property is utilized to briaac and prolong lifecycles. This change may see knowledge sharing that leads to accelerated innovation cycles and a more rapid uptake of sustainable alternatives throughout a sector: just what Tesla was longing for in electric vehicles.
This approach to intellectual property, so-called “open IP”, is well advanced and mature inside the software industry and healthcare. It offers given use of life-saving medicines to thousands of people, specifically in developing countries through patent pools, such as the Medicine Patent Pool. This kind of project relies upon multinational pharmaceutical companies sharing their How Do I Patent A Product, but small companies can also play a strategic roles in creating these new, more sustainable systems, and it’s not every about open IP.