One of these lies in just how the world manages the creation and ownership of inventions and ideas. A protectionist approach to intellectual property was created 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 causes it to be more difficult for new and more sustainable technologies to be developed and adopted. That explains why now there are other approaches being utilized to move key sectors to more sustainable systems and end this status quo.
Electric car manufacturer Tesla, has been doing that. Tesla CEO Elon Musk “shocked” the world in 2014 when he announced that his company was joining the open source movement and giving away its patents for free. You should comprehend the rationale here. Why would a company which had worked so hard to produce and protect its technology from the global car manufacturer competitors suddenly give its technology away at no cost?
Tesla initially developed Inventhelp Store its technology. However, Tesla’s concern that it might be overwhelmed once established car makers ramped up their creation 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 attempting 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 designed, then more battery recharging stations is going to be built too. This might make electric cars become a little more visible, as well as a more conventional choice. Tesla believes that the open intellectual property strategy can strengthen rather than diminish its position because they build the dimensions of the electric car market, and for that reason, build its very own share of the total automotive market.
This type of careful handling of intellectual property at company level, supported by policy-level awareness, can be quite a powerful way to support the same kinds 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. The Inventhelp Tech 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 the innovations that follow will likely 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 decrease technology innovation and uptake, such as in the electronics industry where multiple players own complementary patents. However, firms can instead start their innovation processes and depart 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: exactly what Tesla was dreaming about in electric vehicles.
This approach to intellectual property, so-called “open IP”, is well advanced and mature within the software industry and healthcare. It has given access to life-saving medicines to millions of people, particularly in How To Get A Patent through patent pools, including the Medicine Patent Pool. This kind of project depends 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 not all about open IP.