Inventhelp Intromark – Discover New Insights..


Electric car manufacturer Tesla, has been doing 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 free of charge. You should comprehend the rationale here. Why would a company that 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 developed How To Start An Invention Idea its technology. However, Tesla’s concern that it might be overwhelmed once established car makers ramped up their creation of electric cars never arrived at pass. Instead, it saw the electrical car market stagnate at less than 1% of total vehicle sales. So Tesla changed its strategy from trying to prevent others from building electric cars to attempting to encourage them into the market.

Part of the reasoning here is that if more electric cars are built, then more battery recharging stations will likely be built too. This might make electric cars be a little more visible, as well as a more conventional choice. Tesla believes that an open intellectual property strategy can strengthen as opposed to diminish its position because they build the size of the electric car market, and as a result, build its own share from the total automotive market.

This kind of careful control over intellectual property at company level, maintained by policy-level awareness, can be a powerful method to secure the same types of transitions to more sustainable technologies in other industries too.


For these industries to navigate a path around these issues, new knowledge and the innovations that follow will be essential. And then in knowledge economies, intellectual property may either be an enabler or perhaps an inhibitor.

In the event the ownership of intellectual property is fragmented within an industry, it can decelerate technology innovation and uptake, including in 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 used to guard and prolong lifecycles. This transformation may see knowledge sharing leading to accelerated innovation cycles as well as a wksgqs rapid uptake of sustainable alternatives throughout a sector: exactly what Tesla was hoping for in electric vehicles.

This strategy to intellectual property, so-called “open IP”, is well advanced and mature in the software industry and healthcare. It provides given usage of life-saving medicines to millions of people, specifically in Inventhelp Office Locations through patent pools, such as the Medicine Patent Pool. This sort 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 its not all about open IP.