One of these lies in just how the world manages the creation and ownership of inventions and ideas. A protectionist strategy to Patent Attorney 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 also causes it to be 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, continues to be doing that. Tesla CEO Elon Musk “shocked” the entire world in 2014 as he announced that his company was joining the open source movement and giving away its patents for free. It is essential to be aware of the rationale here. Why would a company that had worked so hard to develop and protect its technology from the global car manufacturer competitors suddenly give its technology away for free?
Tesla initially developed 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 trying 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 built, then more battery recharging stations is going to be built too. This would make electric cars be a little more visible, along with a more conventional choice. Tesla believes an open intellectual property strategy can strengthen instead of diminish its position because they build how big the electrical car market, and consequently, build its own share from the total automotive market.
This kind of careful management of Inventhelp Patent Information at company level, maintained by policy-level awareness, can be a powerful approach to keep 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. This type of water supply sector 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 to address malnutrition in poor countries.
For such industries to navigate a path around these complications, new knowledge and the innovations that follow is going to be essential. And then in knowledge economies, intellectual property can either be an enabler or an inhibitor.
If the ownership of Invent Help Ideas is fragmented inside an industry, it could slow down technology innovation and uptake, like in the electronics industry where multiple players own complementary patents. However, firms can instead start their innovation processes and move away from jealously guarded, internal cultures, where kxwlfd property is used to protect and prolong lifecycles. This transformation may see knowledge sharing that leads to accelerated innovation cycles along with a more rapid uptake of sustainable alternatives within a sector: exactly what Tesla was hoping for in electric vehicles.
This method to intellectual property, so-called “open IP”, is well advanced and mature inside the software industry and healthcare. It offers given use of life-saving medicines to huge numbers of people, specifically in developing countries through patent pools, such as the Medicine Patent Pool. This type of project depends on 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 every about open IP.