One of these lies in the way the world manages the creation and ownership of inventions and concepts. A protectionist approach to intellectual property was created to protect and prolong the lifecycle of existing technologies, and enable 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 causes it to be more difficult for new and a lot 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 exactly that. Tesla CEO Elon Musk “shocked” the world in 2014 when he announced that his company was joining the open source movement and giving out its patents at no cost. It is essential to comprehend the rationale here. Why would an organization that had worked so desperately to produce and protect its technology looking at the global car manufacturer competitors suddenly give its technology away at no cost?
Tesla initially developed Inventhelp its technology. However, Tesla’s concern that it will be overwhelmed once established car makers ramped up their creation 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 seeking to prevent others from building electric cars to attempting to encourage them to the market.
Area of the reasoning here is when more electric cars are made, then more battery recharging stations is going to be built too. This could make electric cars be a little more visible, along with a more conventional choice. Tesla believes an open intellectual property strategy can strengthen rather than diminish its position by building the size of the electrical car market, and for that reason, build their own share from the total automotive market.
This sort of careful control over intellectual property at company level, supported by policy-level awareness, can be a powerful way to support 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. The Getting A Patent is restricted by water scarcity, pollutants, extreme environmental events such as flooding and expenses 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 particular 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 can either be an enabler or even an inhibitor.
In the event the ownership of intellectual property is fragmented within an industry, it could 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 depart from jealously guarded, internal cultures, where intellectual property can be used to guard and prolong lifecycles. This change may see knowledge sharing that leads to accelerated innovation cycles along with a wksgqs rapid uptake of sustainable alternatives within a sector: exactly what Tesla was dreaming about in electric vehicles.
This strategy to intellectual property, so-called “open IP”, is well advanced and mature within the software industry and healthcare. It provides given use of life-saving medicines to huge numbers of people, particularly in Inventhelp Number through patent pools, such as the Medicine Patent Pool. This type of project relies upon 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 not all about open IP.