Inventhelp Company News..

Inventhelp Company News..

One of these lies in just how the world manages the creation and ownership of inventions and ideas. A protectionist approach to How To Patent Something With Inventhelp 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 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, continues to be doing just that. Tesla CEO Elon Musk “shocked” the entire world in 2014 when he announced that his company was joining the open source movement and giving away its patents at no cost. It is essential to understand the rationale here. Why would a company who had worked so hard to produce and protect its technology from its global car manufacturer competitors suddenly give its technology away for free?

Tesla initially designed a patent portfolio to protect its technology. However, Tesla’s concern that it will be overwhelmed once established car makers ramped up their production of electric cars never came to pass. Instead, it saw the electric car market stagnate at under 1% of total vehicle sales. So Tesla changed its strategy from trying to prevent others from building electric cars to trying to encourage them into the market.

Area of the reasoning here is that if more electric cars are built, then more battery recharging stations is going to be built too. This would make electric cars become a little more visible, as well as a more conventional choice. Tesla believes that the open intellectual property strategy can strengthen instead of diminish its position by building the size of the electric car market, and for that reason, build its very own share of the total automotive market.

This kind of careful management of How To Patent Something With Inventhelp at company level, backed up by policy-level awareness, can be a powerful approach to keep the same types 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 restricted by water scarcity, pollutants, extreme environmental events including flooding and expenses related to 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 problems, new knowledge as well as 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.

When the ownership of intellectual property is fragmented in an industry, it can slow down technology innovation and uptake, including inside 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 property is utilized to briaac and prolong lifecycles. This change may see knowledge sharing that leads to accelerated innovation cycles and a more rapid uptake of sustainable alternatives throughout 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 inside the software industry and healthcare. It has given use of life-saving medicines to huge numbers of people, particularly in developing countries through patent pools, like the Medicine Patent Pool. This kind of project relies on multinational pharmaceutical companies sharing their Inventhelp Wiki, but small companies can also play a strategic roles in creating these new, more sustainable systems, and it’s not every about open IP.