One of these brilliant lies in just how the world manages the creation and ownership of inventions and concepts. A protectionist method of intellectual property was created to protect and prolong the lifecycle of existing technologies, and allow How To Sell My Invention Idea To A Company to capture the profits from their creations. In a paper published with colleagues from universities in Germany and India, we examined how this too causes it to be harder for new and a lot more sustainable technologies to become developed and adopted. That explains why now there are 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 when he announced that his company was joining the open source movement and giving out its patents free of charge. It is important to be aware of the rationale here. Why would an organization which had worked so difficult to produce and protect its technology looking at the global car manufacturer competitors suddenly give its technology away for free?
Tesla initially developed a patent portfolio to guard 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 electrical car market stagnate at lower 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.
Portion of the reasoning here is when more electric cars are built, then more battery recharging stations is going to be built too. This could make electric cars become more visible, as well as a more conventional choice. Tesla believes an open intellectual property strategy can strengthen instead of diminish its position by building how big the electric car market, and consequently, build its own share in the total automotive market.
This sort of careful handling of intellectual property at company level, supported by policy-level awareness, could be a powerful approach to support the same types of transitions to more sustainable technologies in other industries too.
Energy supply faces a range of difficulties: the depletion of natural resources; air pollution and greenhouse gas emissions; nuclear risks; and security of supply. The water supply sector is restricted by New Invention Ideas, 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 as well as the innovations that follow is going to be essential. And in knowledge economies, intellectual property may either be an enabler or an inhibitor.
In the event the ownership of intellectual property is fragmented inside an industry, it could decelerate technology innovation and uptake, like in the electronics industry where multiple players own complementary patents. However, firms can instead open their innovation processes and move away from jealously guarded, internal cultures, where intellectual property is used to guard and prolong lifecycles. This modification may see knowledge sharing leading to accelerated innovation cycles as well as a vyltsm rapid uptake of sustainable alternatives within a sector: exactly what Tesla was longing for in electric vehicles.
This strategy to intellectual property, so-called “open IP”, is well advanced and mature inside the software industry and healthcare. It has given access to life-saving medicines to millions of people, specifically in developing countries through patent pools, including the Medicine Patent Pool. This kind of project depends on How To Patent An Invention sharing their intellectual property, but small companies can also play a strategic roles in creating these new, more sustainable systems, and it’s not every about open IP.