One of these brilliant lies in just how the world manages the creation and ownership of inventions and concepts. A protectionist method of Inventhelp Commercials is designed to protect and prolong the lifecycle of existing technologies, and allow 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 harder for new and more sustainable technologies to be developed and adopted. That explains why now there are other approaches 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 entire world in 2014 when he announced that his company was joining the open source movement and handing out its patents for free. You should be aware of 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 free of charge?
Tesla initially created a patent portfolio to protect 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 less than 1% of total vehicle sales. So Tesla changed its strategy from trying to prevent others from building electric cars to attempting to encourage them to the market.
Portion of the reasoning here is that if more electric cars are designed, then more battery recharging stations will be built too. This might make electric cars be a little more visible, along with a more conventional choice. Tesla believes an open How To Start An Invention Idea can strengthen as opposed to 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 kind of careful management of intellectual property at company level, maintained 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 range 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 including 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 industries to navigate a path around these complications, new knowledge and also the innovations that follow will be essential. As well as in knowledge economies, intellectual property can either be an enabler or an inhibitor.
If the ownership of intellectual property is fragmented inside an industry, it can slow down technology innovation and uptake, including inside 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 intellectual property is utilized to safeguard 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 method to How To Patent Something With Inventhelp, so-called “open IP”, is well advanced and mature inside the software industry and healthcare. It provides 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 jjnywy 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.