New Invention Ideas – Why So Much Interest..

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 causes it to be more difficult for new and much 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, 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 for free. It is essential to be aware of the rationale here. Why would a business that had worked so hard to develop and protect its technology from its global car manufacturer competitors suddenly give its technology away for free?

Tesla initially developed Inventhelp Wiki to protect its technology. However, Tesla’s concern that it would 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 under 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 that if more electric cars are designed, then more battery recharging stations will be built too. This could make electric cars become more visible, along with a more conventional choice. Tesla believes that an open intellectual property strategy can strengthen rather than diminish its position because they build the dimensions of the electric car market, and consequently, build its very own share in the total automotive market.

This type of careful handling of intellectual property at company level, supported by policy-level awareness, could be a powerful way to support the same forms 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. The water supply sector is fixed by water scarcity, pollutants, extreme environmental events including 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 to address malnutrition in poor countries.

For such industries to navigate a path around these complications, new knowledge as well as the Technology that follow will likely be essential. And then in knowledge economies, intellectual property may either be an enabler or an inhibitor.

When the ownership of intellectual property is fragmented within an industry, it may decelerate technology innovation and uptake, including in the electronics industry where multiple players own complementary patents. However, firms can instead open up their innovation processes and move away from jealously guarded, internal cultures, where intellectual dppdwz can be used to safeguard and prolong lifecycles. This transformation may see knowledge sharing which leads to accelerated innovation cycles and a more rapid uptake of sustainable alternatives within a sector: just what Tesla was longing for 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 use of life-saving medicines to thousands of people, especially in How To Submit A Patent through patent pools, including the Medicine Patent Pool. This kind of project relies upon 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 every about open IP.

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