One of these lies in the way the world manages the creation and ownership of inventions and concepts. A protectionist approach to intellectual property was created 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 makes it harder for new and much more sustainable technologies to be developed and adopted. That explains why nowadays there are 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 exactly that. Tesla CEO Elon Musk “shocked” the world in 2014 when he announced that his company was joining the open source movement and handing out its patents free of charge. It is important to understand the rationale here. Why would a company that had worked so difficult to develop and protect its technology from the global car manufacturer competitors suddenly give its technology away for free?
Tesla initially developed Inventhelp Office its technology. However, Tesla’s concern that it will be overwhelmed once established car makers ramped up their production of electric cars never arrived at pass. Instead, it saw the electric car market stagnate at lower than 1% of total vehicle sales. So Tesla changed its strategy from attempting to prevent others from building electric cars to trying to encourage them into the market.
Area of the reasoning here is that if more electric cars are made, then more battery recharging stations will be built too. This could make electric cars become 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 the dimensions of the electrical car market, and as a result, build its own share of the total automotive market.
This type of careful control over intellectual property 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 multitude of difficulties: the depletion of natural resources; air pollution and greenhouse gas emissions; nuclear risks; and security of supply. The Patent Your Idea is restricted by water scarcity, pollutants, extreme environmental events such as 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 as well as address malnutrition in poor countries.
For these particular industries to navigate a path around these problems, 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.
When the ownership of intellectual property is fragmented within 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 start their innovation processes and depart from jealously guarded, internal cultures, where intellectual property can be used to guard and prolong lifecycles. This change may see knowledge sharing that leads to accelerated innovation cycles and 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 inside the software industry and healthcare. It provides given access to life-saving medicines to millions of people, particularly in Inventhelp Headquarters through patent pools, including the Medicine Patent Pool. This kind 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.