Ideas Inventions..

One of these lies in how the world manages the creation and ownership of inventions and concepts. A protectionist approach to Invention Websites was created 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 entire world in 2014 as 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 a company who had worked so hard to develop and protect its technology looking at the global car manufacturer competitors suddenly give its technology away at no cost?

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 production of electric cars never arrived at 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 trying to encourage them into the market.

Part of the reasoning here is when more electric cars are made, then more battery recharging stations will likely be built too. This might make electric cars become more visible, along with a more conventional choice. Tesla believes that the open intellectual property strategy can strengthen as opposed to diminish its position by building the size of the electrical car market, and consequently, build its very own share from the total automotive market.

This kind of careful control over Inventhelp Office Locations at company level, maintained by policy-level awareness, can be a powerful method to keep the same kinds 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. This type of 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 also to address malnutrition in poor countries.

For such industries to navigate a path around these problems, new knowledge and also the innovations that follow is going to be essential. And in knowledge economies, intellectual property can either be an enabler or an inhibitor.

In the event the ownership of intellectual property is fragmented in an industry, it can slow down technology innovation and uptake, such as in the electronics industry where multiple players own complementary patents. However, firms can instead start their innovation processes and depart 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 and a more rapid uptake of sustainable alternatives within a sector: just what Tesla was dreaming about in electric vehicles.

This approach to intellectual property, so-called “open IP”, is well advanced and mature in the software industry and healthcare. It has given use of life-saving medicines to millions of people, especially in developing countries through patent pools, such as the Medicine Patent Pool. This kind of project relies on multinational pharmaceutical companies sharing their Inventhelp Caveman, 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.