One of these lies in just how the world manages the creation and ownership of inventions and ideas. A protectionist strategy to How To Patent A Product 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 makes it tougher for new and a lot more sustainable technologies to be developed and adopted. That explains why there are now 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 that. Tesla CEO Elon Musk “shocked” the planet in 2014 as he announced that his company was joining the open source movement and giving away its patents at no cost. It is essential to comprehend the rationale here. Why would a company that had worked so hard to produce and protect its technology looking at the global car manufacturer competitors suddenly give its technology away at no cost?
Tesla initially designed a patent portfolio to safeguard its technology. However, Tesla’s concern that it might be overwhelmed once established car makers ramped up their production of electric cars never came to pass. Instead, it saw the electrical 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 built, then more battery recharging stations will likely be built too. This would make electric cars become more visible, along with a more conventional choice. Tesla believes that the open intellectual property strategy can strengthen rather than diminish its position because they build the dimensions of the electric car market, and consequently, build its own share in the total automotive market.
This sort of careful management of Can I Patent An Idea at company level, maintained by policy-level awareness, can be quite a powerful way to secure 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 fixed by water scarcity, 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 these particular industries to navigate a path around these issues, new knowledge and also the innovations that follow will likely be essential. And then in knowledge economies, intellectual property either can be an enabler or even an inhibitor.
If the ownership of Innovation is fragmented in an industry, it can decrease technology innovation and uptake, such as 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 kxwlfd property can be used to safeguard and prolong lifecycles. This modification may see knowledge sharing which leads to accelerated innovation cycles as well as a more rapid uptake of sustainable alternatives throughout 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 inside the software industry and healthcare. It offers given access to life-saving medicines to huge numbers of people, particularly in developing countries through patent pools, such as the Medicine Patent Pool. This type of project relies on 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 all about open IP.