Impacts Of COVID-19 On IP Industry & Methods to Spur Innovation During Pandemic-Report

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Today, the entire globe is affected by the pandemic, and every continent, country, state, province, and individual is going through an economic, financial, social breakdown that no person has ever thought of. This entire heart-breaking state of affairs has arisen because of the spread of catastrophic and calamitous corona-virus disease.

The coronavirus is spreading at a completely rapid pace all over the world. As it spreads through contacting an infected person, the governments of all countries are specializing in preserving social distance. To implement social distancing and to manipulate the spread of the disease, many countries have enacted lockdowns. This lockdown has a very disastrous effect on the financial system of the countries in addition to each zone which includes agriculture, business, stock markets, factories, refineries, power plants, IT sector, and Intellectual Property.

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