One of these lies in how the world manages the creation and ownership of inventions and concepts. A protectionist strategy to Prototype Model 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 also makes 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 that. Tesla CEO Elon Musk “shocked” the world in 2014 as he announced that his company was joining the open source movement and giving out its patents for free. You should understand 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 designed a patent portfolio to safeguard 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 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 be built too. This could make electric cars be a little more visible, along with a more conventional choice. Tesla believes that an open intellectual property strategy can strengthen as opposed to diminish its position by building how big the electric car market, and consequently, build their own share of the total automotive market.
This sort of careful management of How To Submit A Patent at company level, supported by policy-level awareness, could be a powerful approach to secure 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. The water supply sector is fixed by water scarcity, pollutants, extreme environmental events like 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 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 even an inhibitor.
When the ownership of Ideas For Inventions is fragmented inside an industry, it can decrease technology innovation and uptake, including within 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 kxwlfd property is used to safeguard and prolong lifecycles. This change may see knowledge sharing that leads to accelerated innovation cycles as well as a more rapid uptake of sustainable alternatives throughout a sector: precisely what Tesla was dreaming about in electric vehicles.
This method to intellectual property, so-called “open IP”, is well advanced and mature inside the software industry and healthcare. It has given usage of life-saving medicines to thousands of people, especially in developing countries through patent pools, such as the Medicine Patent Pool. This kind of project relies upon multinational pharmaceutical companies sharing their intellectual property, but small companies may also play a strategic roles in creating these new, more sustainable systems, and it’s its not all about open IP.