One of these brilliant lies in the way the world manages the creation and ownership of inventions and ideas. A protectionist method of How To Patent A Product Idea is designed to protect and prolong the lifecycle of existing technologies, and allow 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 makes it more difficult for new and a lot more sustainable technologies to be developed and adopted. That explains why there are now other approaches used to move key sectors to more sustainable systems and end this status quo.
Electric car manufacturer Tesla, continues to be doing just that. Tesla CEO Elon Musk “shocked” the planet in 2014 as he announced that his company was joining the open source movement and handing out its patents free of charge. It is essential to be aware of the rationale here. Why would a company who had worked so hard to develop and protect its technology from its global car manufacturer competitors suddenly give its technology away free of charge?
Tesla initially designed a patent portfolio to guard its technology. However, Tesla’s concern that it would be overwhelmed once established car makers ramped up their creation of electric cars never arrived at pass. Instead, it saw the electric car market stagnate at lower than 1% of total vehicle sales. So Tesla changed its strategy from trying 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 made, 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 Patent Helper can strengthen instead of diminish its position because they build how big the electrical car market, and as a result, build their own share from the total automotive market.
This kind of careful control over intellectual property at company level, backed up 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. This type of water supply sector is fixed 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 to address malnutrition in poor countries.
For these industries to navigate a path around these issues, new knowledge as well as the innovations that follow will be essential. And then in knowledge economies, intellectual property can either be an enabler or perhaps an inhibitor.
When the ownership of intellectual property is fragmented within 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 depart from jealously guarded, internal cultures, where intellectual property is utilized to guard and prolong lifecycles. This change may see knowledge sharing that leads to accelerated innovation cycles along with a more rapid uptake of sustainable alternatives throughout a sector: just what Tesla was dreaming about in electric vehicles.
This approach to How Do You Patent An Idea With Inventhelp, so-called “open IP”, is well advanced and mature inside the software industry and healthcare. It offers given usage of life-saving medicines to thousands of people, especially in developing countries through patent pools, including the Medicine Patent Pool. This kind of project depends on multinational pharmaceutical companies sharing their jjnywy 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.