One of these lies in just how the world manages the creation and ownership of inventions and ideas. A protectionist approach to intellectual property is designed to protect and prolong the lifecycle of existing technologies, and permit innovators to capture the profits from their creations. In a paper published with colleagues from universities in Germany and India, we examined how this also makes it tougher for new and much more sustainable technologies to be developed and adopted. That explains why now there are other approaches being used to move key sectors to more sustainable systems and end this status quo.
Electric car manufacturer Tesla, has become doing exactly that. Tesla CEO Elon Musk “shocked” the planet in 2014 as he announced that his company was joining the open source movement and giving out its patents for free. It is important to be aware of the rationale here. Why would a company who had worked so desperately to develop and protect its technology from its global car manufacturer competitors suddenly give its technology away free of charge?
Tesla initially developed Inventhelp Number its technology. However, Tesla’s concern that it will be overwhelmed once established car makers ramped up their manufacture of electric cars never came to pass. Instead, it saw the electric 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 seeking to encourage them to the market.
Part of the reasoning here is that if more electric cars are designed, then more battery recharging stations is going to be built too. This could make electric cars become a little more visible, as well as a more conventional choice. Tesla believes that the open intellectual property strategy can strengthen instead of diminish its position by building how big the electrical car market, and as a result, build its very own share in the total automotive market.
This kind of careful management of intellectual property at company level, supported by policy-level awareness, can be a powerful way to support 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 New Product Ideas is restricted by water scarcity, pollutants, extreme environmental events like 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 and also to address malnutrition in poor countries.
For these industries to navigate a path around these issues, new knowledge and the innovations that follow will likely be essential. As well as in knowledge economies, intellectual property can either be an enabler or perhaps an inhibitor.
In the event the ownership of intellectual property is fragmented within an industry, it can decrease technology innovation and uptake, including within 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 intellectual property is utilized to protect and prolong lifecycles. This change may see knowledge sharing which leads to accelerated innovation cycles along with a wksgqs rapid uptake of sustainable alternatives throughout a sector: exactly what Tesla was dreaming about 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 usage of life-saving medicines to huge numbers of people, especially in Inventhelp Inventor Service through patent pools, including the Medicine Patent Pool. This kind of project relies upon multinational pharmaceutical companies sharing their intellectual property, but small companies can also play a strategic roles in creating these new, more sustainable systems, and it’s not all about open IP.