One of these lies in the way the world manages the creation and ownership of inventions and ideas. A protectionist strategy to Inventhelp Patent Invention 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 can make it more difficult for new and a lot 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 become doing just that. Tesla CEO Elon Musk “shocked” the world in 2014 as he announced that his company was joining the open source movement and giving out its patents for free. You should be aware of the rationale here. Why would a company that had worked so desperately to develop and protect its technology from its global car manufacturer competitors suddenly give its technology away at no cost?
Tesla initially developed a patent portfolio to protect its technology. However, Tesla’s concern that it will be overwhelmed once established car makers ramped up their manufacture of electric cars never arrived at pass. Instead, it saw the electric car market stagnate at less than 1% of total vehicle sales. So Tesla changed its strategy from attempting to prevent others from building electric cars to seeking to encourage them in 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 could make electric cars become more visible, along with a more conventional choice. Tesla believes that an open intellectual property strategy can strengthen rather than diminish its position because they build the size of the electrical car market, and consequently, build its own share from the total automotive market.
This sort of careful management of Innovation at company level, supported by policy-level awareness, can be a powerful way 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. Water supply sector is fixed by water scarcity, pollutants, extreme environmental events like 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 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 likely be essential. As well as in knowledge economies, intellectual property either can be an enabler or an inhibitor.
If the ownership of How To Get Help With An Invention is fragmented inside 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 start their innovation processes and depart from jealously guarded, internal cultures, where kxwlfd property is used to guard and prolong lifecycles. This change may see knowledge sharing that leads to accelerated innovation cycles as well as a more rapid uptake of sustainable alternatives throughout a sector: just what Tesla was dreaming about in electric vehicles.
This approach to intellectual property, so-called “open IP”, is well advanced and mature in the software industry and healthcare. It has given usage of life-saving medicines to millions of people, specifically in developing countries through patent pools, like the Medicine Patent Pool. This kind of project relies upon 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 its not all about open IP.