One of these lies in just how the world manages the creation and ownership of inventions and concepts. A protectionist strategy to How To Pitch An Invention To A Company 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 more difficult for new and a lot more sustainable technologies to be developed and adopted. That explains why there are now other approaches being utilized 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 as he announced that his company was joining the open source movement and giving away its patents free of charge. It is essential to comprehend the rationale here. Why would a company which had worked so hard to develop and protect its technology from its global car manufacturer competitors suddenly give its technology away free of charge?
Tesla initially created a patent portfolio to safeguard its technology. However, Tesla’s concern that it might be overwhelmed once established car makers ramped up their manufacture of electric cars never got to pass. Instead, it saw the electrical car market stagnate at less 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 in to the market.
Portion of the reasoning here is that if more electric cars are made, then more battery recharging stations is going to be built too. This might make electric cars be a little more visible, as well as a more conventional choice. Tesla believes an open Patent Help Companies can strengthen as opposed to diminish its position because they build the size of the electric car market, and for that reason, build its very own share from the total automotive market.
This kind of careful management of intellectual property at company level, maintained by policy-level awareness, can be considered 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. 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 as well as address malnutrition in poor countries.
For such industries to navigate a path around these issues, new knowledge as well as the innovations that follow will 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 inside 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 start their innovation processes and move away from jealously guarded, internal cultures, where intellectual property is used to safeguard and prolong lifecycles. This change may see knowledge sharing that leads to accelerated innovation cycles along with a more rapid uptake of sustainable alternatives throughout a sector: just what Tesla was hoping for in electric vehicles.
This strategy to How To Patent Something With Inventhelp, 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 on multinational pharmaceutical companies sharing their jjnywy 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.