One of these lies in the way the world manages the creation and ownership of inventions and ideas. A protectionist approach to Patent Companies 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 much 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 planet in 2014 as he announced that his company was joining the open source movement and giving out its patents for free. You should comprehend the rationale here. Why would a business which had worked so desperately to produce and protect its technology from its global car manufacturer competitors suddenly give its technology away at no cost?
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 production 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 trying to prevent others from building electric cars to seeking to encourage them to the market.
Area of the reasoning here is that if more electric cars are built, then more battery recharging stations will likely be built too. This could make electric cars become a little more visible, and a more conventional choice. Tesla believes an open intellectual property strategy can strengthen as opposed to diminish its position by building the size of the electric car market, and for that reason, build its own share in the total automotive market.
This kind of careful control over How To Get A Patent On An Idea at company level, backed up by policy-level awareness, can be quite 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. Water supply sector is fixed by water scarcity, pollutants, extreme environmental events such as 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 such industries to navigate a path around these problems, new knowledge and also the innovations that follow will likely be essential. And in knowledge economies, intellectual property either can be an enabler or even an inhibitor.
When the ownership of Technology is fragmented within an industry, it could slow down technology innovation and uptake, such as within 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 kxwlfd property can be used to guard and prolong lifecycles. This modification may see knowledge sharing that leads to accelerated innovation cycles and a more rapid uptake of sustainable alternatives throughout a sector: precisely what Tesla was dreaming about in electric vehicles.
This method to intellectual property, so-called “open IP”, is well advanced and mature in the software industry and healthcare. It has given access to life-saving medicines to thousands of people, particularly in developing countries through patent pools, like 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 its not all about open IP.