One of these lies in just how the world manages the creation and ownership of inventions and concepts. A protectionist strategy to Inventhelp Wiki is designed to protect and prolong the lifecycle of existing technologies, and allow innovators to capture the profits from their creations. In a paper published with colleagues from universities in Germany and India, we examined how this can make it more difficult for new and much 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, has become 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 giving away its patents at no cost. It is essential to be aware of the rationale here. Why would a business that had worked so hard to produce and protect its technology from its global car manufacturer competitors suddenly give its technology away free of charge?
Tesla initially developed 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 got to pass. Instead, it saw the electrical car market stagnate at lower than 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 would make electric cars become more visible, as well as a more conventional choice. Tesla believes an open intellectual property strategy can strengthen rather than diminish its position because they build the size of the electric car market, and for that reason, build their own share in the total automotive market.
This sort of careful handling of Inventhelp Inventions Store at company level, supported by policy-level awareness, can be quite a powerful way to keep 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. The water supply sector is fixed by water scarcity, pollutants, extreme environmental events such as flooding and costs 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 these 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 an inhibitor.
If the ownership of Mom Inventors is fragmented in an industry, it could 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 move away from jealously guarded, internal cultures, where kxwlfd property can be used to guard and prolong lifecycles. This change may see knowledge sharing leading to accelerated innovation cycles as well as a more rapid uptake of sustainable alternatives throughout a sector: exactly what Tesla was hoping for in electric vehicles.
This approach to intellectual property, so-called “open IP”, is well advanced and mature in the software industry and healthcare. It offers given use of life-saving medicines to thousands of people, specifically in developing countries through patent pools, like the Medicine Patent Pool. This sort 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.