Inventhelp Innovation News..

One of these lies in just how the world manages the creation and ownership of inventions and ideas. A protectionist method of Inventhelp Office Locations is made to protect and prolong the lifecycle of existing technologies, and permit 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 when he announced that his company was joining the open source movement and handing out its patents for free. It is important to be aware of the rationale here. Why would a company which had worked so hard to produce and protect its technology from its 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 will be overwhelmed once established car makers ramped up their creation 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 attempting to prevent others from building electric cars to seeking to encourage them 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 could make electric cars become more visible, along with a more conventional choice. Tesla believes an open intellectual property strategy can strengthen as opposed to diminish its position by building how big the electrical car market, and for that reason, build its very own share in the total automotive market.

This kind of careful control over Inventhelp Invention Stories at company level, backed up by policy-level awareness, can be a powerful way to secure 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. The water supply sector is restricted by water scarcity, pollutants, extreme environmental events such as 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 as well as 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. As well as in knowledge economies, intellectual property can either be an enabler or perhaps an inhibitor.

If the ownership of intellectual property is fragmented in an industry, it can slow down technology innovation and uptake, including in the electronics industry where multiple players own complementary patents. However, firms can instead start their innovation processes and depart from jealously guarded, internal cultures, where intellectual property is used to briaac and prolong lifecycles. This change may see knowledge sharing that leads to accelerated innovation cycles as well as a more rapid uptake of sustainable alternatives within a sector: just what Tesla was dreaming about in electric vehicles.

This method to intellectual property, so-called “open IP”, is well advanced and mature in the software industry and healthcare. It offers given access to life-saving medicines to thousands of people, especially in developing countries through patent pools, like the Medicine Patent Pool. This kind of project relies on multinational pharmaceutical companies sharing their Inventhelp Invention Marketing, 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.