One of these lies in just how the world manages the creation and ownership of inventions and concepts. A protectionist approach to intellectual property is designed to protect and prolong the lifecycle of existing technologies, and enable 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 a lot more sustainable technologies to be developed and adopted. That explains why now there are other approaches being utilized to move key sectors to more sustainable systems and end this status quo.
Electric car manufacturer Tesla, has become doing that. Tesla CEO Elon Musk “shocked” the planet 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 desperately to build up and protect its technology from the global car manufacturer competitors suddenly give its technology away free of charge?
Tesla initially developed Inventhelp Caveman Commercials its technology. However, Tesla’s concern that it would be overwhelmed once established car makers ramped up their production of electric cars never arrived at pass. Instead, it saw the electric 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 into the market.
Area of the reasoning here is when more electric cars are designed, then more battery recharging stations will be built too. This would make electric cars become a little more visible, as well as a more conventional choice. Tesla believes that an open intellectual property strategy can strengthen instead of diminish its position because they build how big the electrical car market, and as a result, build their own share in the total automotive market.
This sort of careful handling of intellectual property at company level, supported by policy-level awareness, can be a powerful method to secure the same forms 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. The Tech 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 as well as address malnutrition in poor countries.
For such industries to navigate a path around these problems, new knowledge as well as the innovations that follow will likely be essential. As well as in knowledge economies, intellectual property can either be an enabler or even an inhibitor.
When the ownership of intellectual property is fragmented in an industry, it can decelerate technology innovation and uptake, such as within the electronics industry where multiple players own complementary patents. However, firms can instead open up their innovation processes and move away from jealously guarded, internal cultures, where intellectual property is used to protect and prolong lifecycles. This transformation may see knowledge sharing that leads to accelerated innovation cycles as well as a wksgqs rapid uptake of sustainable alternatives within a sector: just what Tesla was hoping for in electric vehicles.
This approach to intellectual property, so-called “open IP”, is well advanced and mature within the software industry and healthcare. It has given access to life-saving medicines to millions of people, particularly in Inventhelp Number through patent pools, like the Medicine Patent Pool. This kind of project relies upon multinational pharmaceutical companies sharing their intellectual property, but small companies could also play a strategic roles in creating these new, more sustainable systems, and it’s not every about open IP.