Inventhelp Product Licensing..

One of these lies in just how the world manages the creation and ownership of inventions and ideas. A protectionist method of Idea Help was created 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 tougher for new and 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, has become doing just that. Tesla CEO Elon Musk “shocked” the planet in 2014 as 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 from the global car manufacturer competitors suddenly give its technology away free of charge?

Tesla initially developed a patent portfolio to guard its technology. However, Tesla’s concern that it will be overwhelmed once established car makers ramped up their production of electric cars never got to pass. Instead, it saw the electric car market stagnate at lower than 1% of total vehicle sales. So Tesla changed its strategy from trying to prevent others from building electric cars to trying 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 an open intellectual property strategy can strengthen rather than diminish its position by building the dimensions of the electrical car market, and consequently, build its very own share of the total automotive market.

This kind of careful management of Invention Advice at company level, backed up by policy-level awareness, can be considered a powerful method to keep 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. This type of water supply sector is fixed 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 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 even an inhibitor.

If the ownership of intellectual property is fragmented in an industry, it can slow down technology innovation and uptake, such as within 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 along with a more rapid uptake of sustainable alternatives throughout a sector: just 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 has given usage of life-saving medicines to millions of people, specifically in developing countries through patent pools, such as the Medicine Patent Pool. This kind of project relies on multinational pharmaceutical companies sharing their Invent Help Patent Information, but small companies can also play a strategic roles in creating these new, more sustainable systems, and it’s its not all about open IP.