One of these lies in how the world manages the creation and ownership of inventions and concepts. A protectionist approach to Inventhelp Inventor is designed to protect and prolong the lifecycle of existing technologies, and permit 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 more difficult for new and more sustainable technologies to be developed and adopted. That explains why nowadays there are other approaches being 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 world in 2014 when he announced that his company was joining the open source movement and giving away its patents at no cost. It is essential to understand the rationale here. Why would a company which had worked so hard to develop and protect its technology from the 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 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 seeking to encourage them into the market.
Portion of the reasoning here is when 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, and a more conventional choice. Tesla believes an open intellectual property strategy can strengthen rather than diminish its position because they build the dimensions of the electric car market, and as a result, build its very own share in the total automotive market.
This kind of careful control over How Do You Patent An Idea With Inventhelp at company level, maintained by policy-level awareness, can become a powerful approach to secure 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. This type of 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 as well as address malnutrition in poor countries.
For these industries to navigate a path around these complications, new knowledge and also the innovations that follow is going to be essential. As well as in knowledge economies, intellectual property can either be an enabler or perhaps an inhibitor.
In the event the ownership of intellectual property is fragmented inside an industry, it can slow down technology innovation and uptake, like in the electronics industry where multiple players own complementary patents. However, firms can instead open up their innovation processes and move away from jealously guarded, internal cultures, where intellectual property is used to briaac 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 within a sector: just what Tesla was longing for in electric vehicles.
This strategy to intellectual property, so-called “open IP”, is well advanced and mature in the software industry and healthcare. It offers given use of life-saving medicines to millions of people, specifically in developing countries through patent pools, such as the Medicine Patent Pool. This kind of project depends on multinational pharmaceutical companies sharing their How To Get A Patent For An Idea, but small companies can also play a strategic roles in creating these new, more sustainable systems, and it’s not all about open IP.