One of these lies in just how the world manages the creation and ownership of inventions and ideas. A protectionist strategy to Inventhelp Tv Commercial 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 makes it tougher for new and 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 just 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 which had worked so hard to build up and protect its technology looking at the global car manufacturer competitors suddenly give its technology away at no cost?
Tesla initially designed a patent portfolio to guard its technology. However, Tesla’s concern that it would be overwhelmed once established car makers ramped up their manufacture of electric cars never got 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 seeking to encourage them in to 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 become a little more visible, along with a more conventional choice. Tesla believes that an open intellectual property strategy can strengthen instead of diminish its position by building the dimensions of the electrical car market, and for that reason, build its own share of the total automotive market.
This kind of careful handling of Inventhelp Product Licensing at company level, backed up by policy-level awareness, can become a powerful way to support the same types of transitions to more sustainable technologies in other industries too.
Energy supply faces an array of difficulties: the depletion of natural resources; air pollution and greenhouse gas emissions; nuclear risks; and security of supply. The water supply sector is restricted by water scarcity, pollutants, extreme environmental events including 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 and also to address malnutrition in poor countries.
For such industries to navigate a path around these complications, new knowledge as well as the innovations that follow will be essential. And then in knowledge economies, intellectual property can either be an enabler or an inhibitor.
When the ownership of intellectual property is fragmented in an industry, it can slow down technology innovation and uptake, like in the electronics industry where multiple players own complementary patents. However, firms can instead open their innovation processes and depart from jealously guarded, internal cultures, where intellectual property is utilized to briaac and prolong lifecycles. This change may see knowledge sharing that leads to accelerated innovation cycles and a more rapid uptake of sustainable alternatives throughout a sector: just what Tesla was hoping for in electric vehicles.
This strategy 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 huge numbers of people, specifically in developing countries through patent pools, including the Medicine Patent Pool. This kind of project depends on multinational pharmaceutical companies sharing their Inventhelp Patent Information, but small companies can also play a strategic roles in creating these new, more sustainable systems, and it’s not all about open IP.