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How To Sell My Invention Idea To A Company..

Posted on November 26, 2019 in American Football

One of these lies in just how the world manages the creation and ownership of inventions and ideas. A protectionist method of How To Make An Invention Prototype With Inventhelp is made 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 makes it harder 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 world in 2014 as he announced that his company was joining the open source movement and giving out its patents free of charge. You should be aware of the rationale here. Why would a company who had worked so hard to develop and protect its technology from its global car manufacturer competitors suddenly give its technology away free of charge?

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

Portion of the reasoning here is when more electric cars are built, then more battery recharging stations will likely be built too. This would make electric cars become a little more visible, as well as a more conventional choice. Tesla believes an open intellectual property strategy can strengthen as opposed to diminish its position by building the dimensions of the electric car market, and consequently, build its own share from the total automotive market.

This kind of careful control over Invention Ideas Website at company level, supported by policy-level awareness, can be a powerful approach 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. Water supply sector is fixed by water scarcity, pollutants, extreme environmental events such as 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 as well as address malnutrition in poor countries.

For these industries to navigate a path around these issues, new knowledge and the innovations that follow is going to be essential. And in knowledge economies, intellectual property can either be an enabler or even an inhibitor.

In the event the ownership of intellectual property is fragmented inside 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 start 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 as well as a more rapid uptake of sustainable alternatives within a sector: just what Tesla was dreaming about in electric vehicles.

This strategy to intellectual property, so-called “open IP”, is well advanced and mature in the software industry and healthcare. It has given use of life-saving medicines to millions of people, especially in developing countries through patent pools, like the Medicine Patent Pool. This kind of project depends on multinational pharmaceutical companies sharing their Inventor Ideas, but small companies can also play a strategic roles in creating these new, more sustainable systems, and it’s not every about open IP.