One of these lies in just how the world manages the creation and ownership of inventions and concepts. A protectionist approach to Inventhelp Number 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 harder for new and much 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 out its patents at no cost. It is essential to be aware of the rationale here. Why would an organization who had worked so difficult to develop and protect its technology looking at the global car manufacturer competitors suddenly give its technology away at no cost?
Tesla initially created a patent portfolio to guard its technology. However, Tesla’s concern that it might be overwhelmed once established car makers ramped up their production of electric cars never got to pass. Instead, it saw the electrical 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 attempting to encourage them in to the market.
Area of the reasoning here is when more electric cars are designed, then more battery recharging stations will likely be built too. This would make electric cars become more visible, as well as a more conventional choice. Tesla believes that the open intellectual property strategy can strengthen instead of diminish its position because they build the size of the electrical car market, and for that reason, build their own share in the total automotive market.
This kind of careful handling of How To Pitch An Invention To A Company at company level, supported by policy-level awareness, can be a powerful approach to support the same forms 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. 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 particular industries to navigate a path around these problems, 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 perhaps an inhibitor.
If the ownership of Invention Idea Help is fragmented in an industry, it can decrease technology innovation and uptake, like inside 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 utilized to guard and prolong lifecycles. This change may see knowledge sharing leading to accelerated innovation cycles as well as a more rapid uptake of sustainable alternatives throughout a sector: just what Tesla was longing 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 has given access to life-saving medicines to thousands of people, specifically in developing countries through patent pools, like the Medicine Patent Pool. This type of project depends on 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.