{"id":18563,"date":"2021-09-14T01:11:00","date_gmt":"2021-09-14T01:11:00","guid":{"rendered":"https:\/\/sagaciousresearch.com\/blog\/?p=18563"},"modified":"2023-04-03T11:22:54","modified_gmt":"2023-04-03T11:22:54","slug":"ip-practices-8-ways-to-drive-innovation-during-economic-downturn","status":"publish","type":"post","link":"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn","title":{"rendered":"IP Practices: 8 Ways to Drive Innovation During Economic Downturn"},"content":{"rendered":"\n<p>An economic downturn often leads organizations to resort to budget cuts, especially long-term investments that were kept aside for innovation. The focus is shifted towards short-term priorities instead. While this is the most obvious approach, it certainly isn\u2019t an advisable approach, especially in terms of how you safeguard Intellectual Property.<\/p>\n\n\n\n<p>There is a greater need to innovate and protect during an economic slump. Decision-makers should capitalize on the opportunities put forth by recession and set a sustainable strategy for times ahead. This article explains how businesses can keep innovating during a difficult economic scenario.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69dce6589dd6b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69dce6589dd6b\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn\/#Wading_Through_the_Challenges_with_Right_IP_Practices\" >Wading Through the Challenges with Right IP Practices<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn\/#Final_Thoughts\" >Final Thoughts<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn\/#Having_Queries_Contact_Us_Now\" >Having Queries? Contact Us Now!<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Wading_Through_the_Challenges_with_Right_IP_Practices\"><\/span>Wading Through the Challenges with Right IP Practices<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Recession allows bold leaders to act on innovation and leapfrog their competitors. By doing this, they ensure that their teams are well-guided throughout the innovation lifecycle. When you innovate your product or service in a simpler way, internal teams get empowered with adequate knowledge, while simultaneously making the customer feel \u2018heard\u2019. Take for example the simplified online banking solution, which was the result of the challenges faced by such institutions during the last recession phase. It serves as a determining factor to get the ball rolling.<\/p>\n\n\n\n<p>In order to ensure that innovation is driven during an economic downturn, the following points highlighted in the figure below can be taken into consideration:<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"580\" height=\"134\" src=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/09\/1-18.png\" alt=\"\" class=\"wp-image-18569\" srcset=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/09\/1-18.png 580w, https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/09\/1-18-300x69.png 300w\" sizes=\"(max-width: 580px) 100vw, 580px\" \/><figcaption class=\"wp-element-caption\">Figure: Methods to drive innovation during an economic downturn<\/figcaption><\/figure>\n<\/div>\n\n\n<p>1. <strong>Inspire by Action<\/strong> \u2013 Create a chain reaction and lead by example. The key stakeholders such as a CEO needs to drive the innovation agenda. They need to boost innovation by supporting relevant budgets that will encourage managers and their teams to deliver and be accountable for their work.<\/p>\n\n\n\n<p>2. <strong>Identify the Core Objective<\/strong> \u2013 One can prioritize innovation investment a lot better when the core objective is defined. It should go beyond profitability and identify with your core purpose. To have a sense of purpose beyond the day-to-day tasks, makes a company more innovative and is better able to respond to disruptions.<\/p>\n\n\n\n<p>3. <strong>Prioritize<\/strong> <strong>Proactively <\/strong>\u2013 It is imperative that resource usage is well-optimized at the time of a downturn. Avoid projects that seem stagnant, and become proactive in prioritizing ones that will reap maximum results. Identify the risks associated with each project and access the \u2018potential investment gains\u2019 beforehand. Furthermore, the focus should be on identifying potential instead of performance as a guiding factor for innovation decisions. When you focus on the core potential, you can reap better growth opportunities.<\/p>\n\n\n\n<p>4. <strong>Evolve as per your Customer<\/strong> \u2013 Economic challenges often reveal unmet customer needs. It should serve as an opportunity to improve your product or service. So, use this time to listen to the customer, the market and take notes on areas of improvement. Respond to those needs with innovation and put in adequate R&amp;D efforts to hit the nail on the head.<\/p>\n\n\n\n<p>5. <strong>Seek New Market Opportunities <\/strong>\u2013 Economic downturn is the best time to explore newer markets. For example, let\u2019s consider the case of <a href=\"https:\/\/www.investopedia.com\/terms\/g\/groupon.asp\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Groupon<\/a>. It is an online marketplace that took advantage of the gap between the consumer and the seller, and bridged it effectively by allowing companies to reach their audience with the help of easily accessible deals and promotions, thus creating a new category altogether.<\/p>\n\n\n\n<p>6. <strong>Expand on<\/strong> <strong>Partnerships<\/strong> \u2013 Economic downturn calls for a collaborative approach between businesses to drive innovation. This is a crucial time wherein business can be grown by partnering with others on the basis of mutual interests. Whether it is partnering with innovation leaders, research experts, suppliers, universities, governments or even customers, a healthy partnership can be an opportunity to share costs, minimize individual risks and optimize resources.<\/p>\n\n\n\n<p>7. <strong>Bank on Technology <\/strong>\u2013 By using the right technology, one can ensure that the innovation lasts not just during the downturn but thereafter too. That is why it is crucial to bank on technology that could prove to be sustainable. Methods such as <a href=\"https:\/\/sagaciousresearch.com\/technology-scouting\">Technology scouting<\/a> and developing a partner and supplier network are crucial to identify and evaluate opportunities.<\/p>\n\n\n\n<p>8. <strong>Cover Innovation Gaps <\/strong>\u2013 It is best to access the strength of your innovation system at the time of an economic slowdown. Identify capability gaps and fix them with fewer resources to be ready when the upturn comes, so that your innovation system is at its optimum level.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Final_Thoughts\"><\/span>Final Thoughts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To achieve long-term growth objectives, you need to build on innovation. The trick is to keep the thinking cap on throughout the downturn and be ready to apply the strategies effectively when the situation improves. It can help businesses to emerge stronger and get ahead of the game.<\/p>\n\n\n\n<p>Sagacious IP, a global IP research and consulting company, offers services such as technology scouting to business to help them develop credible and unique ideas for innovations. Our team of techno-legal experts helps organizations to discover innovation gaps and identify new market opportunities. Click <a href=\"https:\/\/sagaciousresearch.com\/technology-scouting\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a> to know more about the service.<\/p>\n\n\n\n<p>&#8211; Vaibhav Henry (ICT Licensing &amp; Sales) and the Editorial Team<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Having_Queries_Contact_Us_Now\"><\/span>Having Queries? Contact Us Now!<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\nvar gform;gform||(document.addEventListener(\"gform_main_scripts_loaded\",function(){gform.scriptsLoaded=!0}),document.addEventListener(\"gform\/theme\/scripts_loaded\",function(){gform.themeScriptsLoaded=!0}),window.addEventListener(\"DOMContentLoaded\",function(){gform.domLoaded=!0}),gform={domLoaded:!1,scriptsLoaded:!1,themeScriptsLoaded:!1,isFormEditor:()=>\"function\"==typeof InitializeEditor,callIfLoaded:function(o){return!(!gform.domLoaded||!gform.scriptsLoaded||!gform.themeScriptsLoaded&&!gform.isFormEditor()||(gform.isFormEditor()&&console.warn(\"The use of gform.initializeOnLoaded() is deprecated in the form editor context and will be removed in Gravity Forms 3.1.\"),o(),0))},initializeOnLoaded:function(o){gform.callIfLoaded(o)||(document.addEventListener(\"gform_main_scripts_loaded\",()=>{gform.scriptsLoaded=!0,gform.callIfLoaded(o)}),document.addEventListener(\"gform\/theme\/scripts_loaded\",()=>{gform.themeScriptsLoaded=!0,gform.callIfLoaded(o)}),window.addEventListener(\"DOMContentLoaded\",()=>{gform.domLoaded=!0,gform.callIfLoaded(o)}))},hooks:{action:{},filter:{}},addAction:function(o,r,e,t){gform.addHook(\"action\",o,r,e,t)},addFilter:function(o,r,e,t){gform.addHook(\"filter\",o,r,e,t)},doAction:function(o){gform.doHook(\"action\",o,arguments)},applyFilters:function(o){return gform.doHook(\"filter\",o,arguments)},removeAction:function(o,r){gform.removeHook(\"action\",o,r)},removeFilter:function(o,r,e){gform.removeHook(\"filter\",o,r,e)},addHook:function(o,r,e,t,n){null==gform.hooks[o][r]&&(gform.hooks[o][r]=[]);var d=gform.hooks[o][r];null==n&&(n=r+\"_\"+d.length),gform.hooks[o][r].push({tag:n,callable:e,priority:t=null==t?10:t})},doHook:function(r,o,e){var t;if(e=Array.prototype.slice.call(e,1),null!=gform.hooks[r][o]&&((o=gform.hooks[r][o]).sort(function(o,r){return o.priority-r.priority}),o.forEach(function(o){\"function\"!=typeof(t=o.callable)&&(t=window[t]),\"action\"==r?t.apply(null,e):e[0]=t.apply(null,e)})),\"filter\"==r)return e[0]},removeHook:function(o,r,t,n){var e;null!=gform.hooks[o][r]&&(e=(e=gform.hooks[o][r]).filter(function(o,r,e){return!!(null!=n&&n!=o.tag||null!=t&&t!=o.priority)}),gform.hooks[o][r]=e)}});\n\/* ]]> *\/\n<\/script>\n\n                <div class='gf_browser_gecko gform_wrapper gravity-theme gform-theme--no-framework' data-form-theme='gravity-theme' data-form-index='0' id='gform_wrapper_203' >\n                        <div class='gform_heading'>\n\t\t\t\t\t\t\t<p class='gform_required_legend'>&quot;<span class=\"gfield_required gfield_required_asterisk\">*<\/span>&quot; indicates required fields<\/p>\n                        <\/div><form method='post' enctype='multipart\/form-data'  id='gform_203'  action='\/blog\/wp-json\/wp\/v2\/posts\/18563' data-formid='203' novalidate>\n                        <div class='gform-body gform_body'><div id='gform_fields_203' class='gform_fields top_label form_sublabel_below description_below validation_below'><div id=\"field_203_15\" class=\"gfield gfield--type-hidden gfield--input-type-hidden gfield--width-full gform_hidden field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><div class='ginput_container ginput_container_text'><input name='input_15' id='input_203_15' type='hidden' class='gform_hidden'  aria-invalid=\"false\" value='' \/><\/div><\/div><div id=\"field_203_1\" class=\"gfield gfield--type-text gfield--input-type-text gfield--width-half gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_203_1'>Last Name<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_text'><input name='input_1' id='input_203_1' type='text' value='' class='large'     aria-required=\"true\" aria-invalid=\"false\"   \/><\/div><\/div><div id=\"field_203_12\" class=\"gfield gfield--type-text gfield--input-type-text gfield--width-half gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_203_12'>First Name<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_text'><input name='input_12' id='input_203_12' type='text' value='' class='large'     aria-required=\"true\" aria-invalid=\"false\"   \/><\/div><\/div><div id=\"field_203_8\" class=\"gfield gfield--type-email gfield--input-type-email gfield--width-half gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_203_8'>Your Work Email<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_email'>\n                            <input name='input_8' id='input_203_8' type='email' value='' class='large'    aria-required=\"true\" aria-invalid=\"false\"  \/>\n                        <\/div><\/div><div id=\"field_203_9\" class=\"gfield gfield--type-phone gfield--input-type-phone gfield--width-half gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_203_9'>Phone Number with Country Code<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_phone'><input name='input_9' id='input_203_9' type='tel' value='' class='large'   aria-required=\"true\" aria-invalid=\"false\"   \/><\/div><\/div><div id=\"field_203_17\" class=\"gfield gfield--type-select gfield--input-type-select gfield--width-half gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_203_17'>Country<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_select'><select name='input_17' id='input_203_17' class='large gfield_select'    aria-required=\"true\" aria-invalid=\"false\" ><option value='' >Please Select Country<\/option><option value='United States' >United States<\/option><option value='Canada' >Canada<\/option><option value='United Kingdom' >United Kingdom<\/option><option value='China' >China<\/option><option value='India' >India<\/option><option value='North Korea' >North Korea<\/option><option value='South korea' >South korea<\/option><option value='United Arab Emirates' >United Arab Emirates<\/option><option value='Afghanistan' >Afghanistan<\/option><option value='Albania' >Albania<\/option><option value='Algeria' >Algeria<\/option><option value='Andorra' >Andorra<\/option><option value='Angola' >Angola<\/option><option value='Antigua and Barbuda' >Antigua and Barbuda<\/option><option value='Argentina' >Argentina<\/option><option value='Armenia' >Armenia<\/option><option value='Australia' >Australia<\/option><option value='Austria' >Austria<\/option><option value='Azerbaijan' >Azerbaijan<\/option><option value='The Bahamas' >The Bahamas<\/option><option value='Bahrain' >Bahrain<\/option><option value='Bangladesh' >Bangladesh<\/option><option value='Barbados' >Barbados<\/option><option value='Belarus' >Belarus<\/option><option value='Belgium' >Belgium<\/option><option value='Belize' >Belize<\/option><option value='Benin' >Benin<\/option><option value='Bhutan' >Bhutan<\/option><option value='Bolivia' >Bolivia<\/option><option value='Bosnia and Herzegovina' >Bosnia and Herzegovina<\/option><option value='Botswana' >Botswana<\/option><option value='Brazil' >Brazil<\/option><option value='Brunei' >Brunei<\/option><option value='Bulgaria' >Bulgaria<\/option><option value='Burkina Faso' >Burkina Faso<\/option><option value='Burundi' >Burundi<\/option><option value='Cabo Verde' >Cabo Verde<\/option><option value='Cambodia' >Cambodia<\/option><option value='Cameroon' >Cameroon<\/option><option value='Central African Republic' >Central African Republic<\/option><option value='Chad' >Chad<\/option><option value='Chile' >Chile<\/option><option value='Colombia' >Colombia<\/option><option value='Comoros' >Comoros<\/option><option value='Congo' >Congo<\/option><option value='Costa Rica' >Costa Rica<\/option><option value='C\u00f4te d\u2019Ivoire' >C\u00f4te d\u2019Ivoire<\/option><option value='Croatia' >Croatia<\/option><option value='Cuba' >Cuba<\/option><option value='Cyprus' >Cyprus<\/option><option value='Czech Republic' >Czech Republic<\/option><option value='Denmark' >Denmark<\/option><option value='Djibouti' >Djibouti<\/option><option value='Dominica' >Dominica<\/option><option value='Dominican Republic' >Dominican Republic<\/option><option value='East Timor (Timor-Leste)' >East Timor (Timor-Leste)<\/option><option value='Ecuador' >Ecuador<\/option><option value='Egypt' >Egypt<\/option><option value='El Salvador' >El Salvador<\/option><option value='Equatorial Guinea' >Equatorial Guinea<\/option><option value='Eritrea' >Eritrea<\/option><option value='Estonia' >Estonia<\/option><option value='Eswatini' >Eswatini<\/option><option value='Ethiopia' >Ethiopia<\/option><option value='Fiji' >Fiji<\/option><option value='Finland' >Finland<\/option><option value='France' >France<\/option><option value='Gabon' >Gabon<\/option><option value='The Gambia' >The Gambia<\/option><option value='Georgia' >Georgia<\/option><option value='Germany' >Germany<\/option><option value='Ghana' >Ghana<\/option><option value='Greece' >Greece<\/option><option value='Grenada' >Grenada<\/option><option value='Guatemala' >Guatemala<\/option><option value='Guinea' >Guinea<\/option><option value='Guinea-Bissau' >Guinea-Bissau<\/option><option value='Guyana' >Guyana<\/option><option value='Haiti' >Haiti<\/option><option value='Honduras' >Honduras<\/option><option value='Hungary' >Hungary<\/option><option value='Iceland' >Iceland<\/option><option value='Indonesia' >Indonesia<\/option><option value='Iran' >Iran<\/option><option value='Iraq' >Iraq<\/option><option value='Ireland' >Ireland<\/option><option value='Israel' >Israel<\/option><option value='Italy' >Italy<\/option><option value='Jamaica' >Jamaica<\/option><option value='Japan' >Japan<\/option><option value='Jordan' >Jordan<\/option><option value='Kazakhstan' >Kazakhstan<\/option><option value='Kenya' >Kenya<\/option><option value='Kiribati' >Kiribati<\/option><option value='Kosovo' >Kosovo<\/option><option value='Kuwait' >Kuwait<\/option><option value='Kyrgyzstan' >Kyrgyzstan<\/option><option value='Laos' >Laos<\/option><option value='Latvia' >Latvia<\/option><option value='Lebanon' >Lebanon<\/option><option value='Lesotho' >Lesotho<\/option><option value='Liberia' >Liberia<\/option><option value='Libya' >Libya<\/option><option value='Liechtenstein' >Liechtenstein<\/option><option value='Lithuania' >Lithuania<\/option><option value='Luxembourg' >Luxembourg<\/option><option value='Madagascar' >Madagascar<\/option><option value='Malawi' >Malawi<\/option><option value='Malaysia' >Malaysia<\/option><option value='Maldives' >Maldives<\/option><option value='Mali' >Mali<\/option><option value='Malta' >Malta<\/option><option value='Marshall Islands' >Marshall Islands<\/option><option value='Mauritania' >Mauritania<\/option><option value='Mauritius' >Mauritius<\/option><option value='Mexico' >Mexico<\/option><option value='Micronesia' >Micronesia<\/option><option value='Moldova' >Moldova<\/option><option value='Monaco' >Monaco<\/option><option value='Mongolia' >Mongolia<\/option><option value='Montenegro' >Montenegro<\/option><option value='Morocco' >Morocco<\/option><option value='Mozambique' >Mozambique<\/option><option value='Myanmar (Burma)' >Myanmar (Burma)<\/option><option value='Namibia' >Namibia<\/option><option value='Nauru' >Nauru<\/option><option value='Nepal' >Nepal<\/option><option value='Netherlands' >Netherlands<\/option><option value='New Zealand' >New Zealand<\/option><option value='Nicaragua' >Nicaragua<\/option><option value='Niger' >Niger<\/option><option value='Nigeria' >Nigeria<\/option><option value='North Macedonia' >North Macedonia<\/option><option value='Norway' >Norway<\/option><option value='Oman' >Oman<\/option><option value='Pakistan' >Pakistan<\/option><option value='Palau' >Palau<\/option><option value='Panama' >Panama<\/option><option value='Papua New Guinea' >Papua New Guinea<\/option><option value='Paraguay' >Paraguay<\/option><option value='Peru' >Peru<\/option><option value='Philippines' >Philippines<\/option><option value='Poland' >Poland<\/option><option value='Portugal' >Portugal<\/option><option value='Qatar' >Qatar<\/option><option value='Romania' >Romania<\/option><option value='Russia' >Russia<\/option><option value='Rwanda' >Rwanda<\/option><option value='Saint Kitts and Nevis' >Saint Kitts and Nevis<\/option><option value='Saint Lucia' >Saint Lucia<\/option><option value='Saint Vincent and the Grenadines' >Saint Vincent and the Grenadines<\/option><option value='Samoa' >Samoa<\/option><option value='San Marino' >San Marino<\/option><option value='Sao Tome and Principe' >Sao Tome and Principe<\/option><option value='Saudi Arabia' >Saudi Arabia<\/option><option value='Senegal' >Senegal<\/option><option value='Serbia' >Serbia<\/option><option value='Seychelles' >Seychelles<\/option><option value='Sierra Leone' >Sierra Leone<\/option><option value='Singapore' >Singapore<\/option><option value='Slovakia' >Slovakia<\/option><option value='Slovenia' >Slovenia<\/option><option value='Solomon Islands' >Solomon Islands<\/option><option value='Somalia' >Somalia<\/option><option value='South Africa' >South Africa<\/option><option value='Spain' >Spain<\/option><option value='Sri Lanka' >Sri Lanka<\/option><option value='Sudan' >Sudan<\/option><option value='South Sudan' >South Sudan<\/option><option value='Suriname' >Suriname<\/option><option value='Sweden' >Sweden<\/option><option value='Switzerland' >Switzerland<\/option><option value='Syria' >Syria<\/option><option value='Taiwan' >Taiwan<\/option><option value='Tajikistan' >Tajikistan<\/option><option value='Tanzania' >Tanzania<\/option><option value='Thailand' >Thailand<\/option><option value='Togo' >Togo<\/option><option value='Tonga' >Tonga<\/option><option value='Trinidad and Tobago' >Trinidad and Tobago<\/option><option value='Tunisia' >Tunisia<\/option><option value='Turkey' >Turkey<\/option><option value='Turkmenistan' >Turkmenistan<\/option><option value='Tuvalu' >Tuvalu<\/option><option value='Uganda' >Uganda<\/option><option value='Ukraine' >Ukraine<\/option><option value='Uruguay' >Uruguay<\/option><option value='Uzbekistan' >Uzbekistan<\/option><option value='Vanuatu' >Vanuatu<\/option><option value='Vatican City' >Vatican City<\/option><option value='Venezuela' >Venezuela<\/option><option value='Vietnam' >Vietnam<\/option><option value='Yemen' >Yemen<\/option><option value='Zambia' >Zambia<\/option><option value='Zimbabwe' >Zimbabwe<\/option><\/select><\/div><\/div><div id=\"field_203_10\" class=\"gfield gfield--type-text gfield--input-type-text gfield--width-half gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_203_10'>Company Name<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_text'><input name='input_10' id='input_203_10' type='text' value='' class='large'     aria-required=\"true\" aria-invalid=\"false\"   \/><\/div><\/div><div id=\"field_203_18\" class=\"gfield gfield--type-text gfield--input-type-text gfield--width-half gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_203_18'>Job Title<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_text'><input name='input_18' id='input_203_18' type='text' value='' class='large'     aria-required=\"true\" aria-invalid=\"false\"   \/><\/div><\/div><fieldset id=\"field_203_13\" class=\"gfield gfield--type-checkbox gfield--type-choice gfield--input-type-checkbox gfield--width-half field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><legend class='gfield_label gform-field-label gfield_label_before_complex' >Register for Exclusive Webinar Series<\/legend><div class='ginput_container ginput_container_checkbox'><div class='gfield_checkbox ' id='input_203_13'><div class='gchoice gchoice_203_13_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_13.1' type='checkbox'  value='Yes, I want to register.'  id='choice_203_13_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_203_13_1' id='label_203_13_1' class='gform-field-label gform-field-label--type-inline'>Yes, I want to register.<\/label>\n\t\t\t\t\t\t\t<\/div><\/div><\/div><\/fieldset><div id=\"field_203_16\" class=\"gfield gfield--type-textarea gfield--input-type-textarea gfield--width-full field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_203_16'>Message (if any)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_16' id='input_203_16' class='textarea small'      aria-invalid=\"false\"   rows='10' cols='50'><\/textarea><\/div><\/div><fieldset id=\"field_203_7\" class=\"gfield gfield--type-consent gfield--type-choice gfield--input-type-consent gfield_contains_required field_sublabel_below gfield--has-description field_description_below field_validation_below gfield_visibility_visible\"  ><legend class='gfield_label gform-field-label gfield_label_before_complex' >Consent<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/legend><div class='ginput_container ginput_container_consent'><input name='input_7.1' id='input_203_7_1' type='checkbox' value='1'  aria-describedby=\"gfield_consent_description_203_7\" aria-required=\"true\" aria-invalid=\"false\"   \/> <label class=\"gform-field-label gform-field-label--type-inline gfield_consent_label\" for='input_203_7_1' >I agree to the <a href=\"https:\/\/sagaciousresearch.com\/privacy-policy\/\"target=\"_blank\">privacy policy.  <\/a><\/label><input type='hidden' name='input_7.2' value='I agree to the &lt;a href=&quot;https:\/\/sagaciousresearch.com\/privacy-policy\/&quot;target=&quot;_blank&quot;&gt;privacy policy.  &lt;\/a&gt;' class='gform_hidden' \/><input type='hidden' name='input_7.3' value='198' class='gform_hidden' \/><\/div><div class='gfield_description gfield_consent_description' id='gfield_consent_description_203_7' tabindex='0'>By clicking the submit button, you give Sagacious IP consent to store and process the personal information submitted above. Sagacious IP is committed to protecting and respecting your privacy, we'll only use your information to provide the products and services you requested from us.<\/div><\/fieldset><\/div><\/div>\n        <div class='gform-footer gform_footer top_label'> <input type='submit' id='gform_submit_button_203' class='gform_button button' onclick='gform.submission.handleButtonClick(this);' data-submission-type='submit' value='Submit'  \/> \n            <input type='hidden' class='gform_hidden' name='gform_submission_method' data-js='gform_submission_method_203' value='postback' \/>\n            <input type='hidden' class='gform_hidden' name='gform_theme' data-js='gform_theme_203' id='gform_theme_203' value='gravity-theme' \/>\n            <input type='hidden' class='gform_hidden' name='gform_style_settings' data-js='gform_style_settings_203' id='gform_style_settings_203' value='[]' \/>\n            <input type='hidden' class='gform_hidden' name='is_submit_203' value='1' \/>\n            <input type='hidden' class='gform_hidden' name='gform_submit' value='203' \/>\n            \n            <input type='hidden' class='gform_hidden' name='gform_currency' data-currency='USD' value='R7oRiG8y3PoH5MvNFy5Ol3YvTIr1eixXourogxFHo6LEtGq+r8rRaMsWYzWiGL4ggWw9cSTfi0ESNkKfuMijjF4fUCrNh04O1udrHb9cRvqjfn0=' \/>\n            <input type='hidden' class='gform_hidden' name='gform_unique_id' value='' \/>\n            <input type='hidden' class='gform_hidden' name='state_203' value='WyJ7XCI3LjFcIjpcImNkMWM3OWMwMDEzNGIzMmE2M2U0YWZjMzA0NWUwZjc5XCIsXCI3LjJcIjpcIjRjMTYxMzVmMTQ0MWExZDQzYjdjYTA4YzA4OTAzMDZkXCIsXCI3LjNcIjpcIjQ2MGQ1NzFhMGI2NTA5MTU2NTViOTVhNzIyNTEzYzAwXCJ9IiwiNjBlNjJlYjJkNjQ3NzIyZTM3NTcyOThkNjJkMGUxNDQiXQ==' \/>\n            <input type='hidden' autocomplete='off' class='gform_hidden' name='gform_target_page_number_203' id='gform_target_page_number_203' value='0' \/>\n            <input type='hidden' autocomplete='off' class='gform_hidden' name='gform_source_page_number_203' id='gform_source_page_number_203' value='1' \/>\n            <input type='hidden' name='gform_field_values' value='' \/>\n            \n        <\/div>\n                        <\/form>\n                        <\/div><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n gform.initializeOnLoaded( function() {gformInitSpinner( 203, 'https:\/\/sagaciousresearch.com\/blog\/wp-content\/plugins\/gravityforms\/images\/spinner.svg', true );jQuery('#gform_ajax_frame_203').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_203');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_203').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! is_redirect && ! is_confirmation;var mt = parseInt(jQuery('html').css('margin-top'), 10) + parseInt(jQuery('body').css('margin-top'), 10) + 100;if(is_form){jQuery('#gform_wrapper_203').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_203').addClass('gform_validation_error');} else {jQuery('#gform_wrapper_203').removeClass('gform_validation_error');}setTimeout( function() { \/* delay the scroll by 50 milliseconds to fix a bug in chrome *\/  }, 50 );if(window['gformInitDatepicker']) {gformInitDatepicker();}if(window['gformInitPriceFields']) {gformInitPriceFields();}var current_page = jQuery('#gform_source_page_number_203').val();gformInitSpinner( 203, 'https:\/\/sagaciousresearch.com\/blog\/wp-content\/plugins\/gravityforms\/images\/spinner.svg', true );jQuery(document).trigger('gform_page_loaded', [203, current_page]);window['gf_submitting_203'] = false;}else if(!is_redirect){var confirmation_content = jQuery(this).contents().find('.GF_AJAX_POSTBACK').html();if(!confirmation_content){confirmation_content = contents;}jQuery('#gform_wrapper_203').replaceWith(confirmation_content);jQuery(document).trigger('gform_confirmation_loaded', [203]);window['gf_submitting_203'] = false;wp.a11y.speak(jQuery('#gform_confirmation_message_203').text());}else{jQuery('#gform_203').append(contents);if(window['gformRedirect']) {gformRedirect();}}jQuery(document).trigger(\"gform_pre_post_render\", [{ formId: \"203\", currentPage: \"current_page\", abort: function() { this.preventDefault(); } }]);        if (event && event.defaultPrevented) {                return;        }        const gformWrapperDiv = document.getElementById( \"gform_wrapper_203\" );        if ( gformWrapperDiv ) {            const visibilitySpan = document.createElement( \"span\" );            visibilitySpan.id = \"gform_visibility_test_203\";            gformWrapperDiv.insertAdjacentElement( \"afterend\", visibilitySpan );        }        const visibilityTestDiv = document.getElementById( \"gform_visibility_test_203\" );        let postRenderFired = false;        function triggerPostRender() {            if ( postRenderFired ) {                return;            }            postRenderFired = true;            gform.core.triggerPostRenderEvents( 203, current_page );            if ( visibilityTestDiv ) {                visibilityTestDiv.parentNode.removeChild( visibilityTestDiv );            }        }        function debounce( func, wait, immediate ) {            var timeout;            return function() {                var context = this, args = arguments;                var later = function() {                    timeout = null;                    if ( !immediate ) func.apply( context, args );                };                var callNow = immediate && !timeout;                clearTimeout( timeout );                timeout = setTimeout( later, wait );                if ( callNow ) func.apply( context, args );            };        }        const debouncedTriggerPostRender = debounce( function() {            triggerPostRender();        }, 200 );        if ( visibilityTestDiv && visibilityTestDiv.offsetParent === null ) {            const observer = new MutationObserver( ( mutations ) => {                mutations.forEach( ( mutation ) => {                    if ( mutation.type === 'attributes' && visibilityTestDiv.offsetParent !== null ) {                        debouncedTriggerPostRender();                        observer.disconnect();                    }                });            });            observer.observe( document.body, {                attributes: true,                childList: false,                subtree: true,                attributeFilter: [ 'style', 'class' ],            });        } else {            triggerPostRender();        }    } );} ); \n\/* ]]> *\/\n<\/script>\n\n","protected":false},"excerpt":{"rendered":"<p>An economic downturn often leads organizations to resort to budget cuts, especially long-term investments that were kept aside for innovation. The focus is shifted towards short-term priorities instead. While this is the most obvious&#46;&#46;&#46;<\/p>\n","protected":false},"author":12,"featured_media":18567,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"coauthors":[995],"class_list":["post-18563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IP Practices: 8 Ways to Drive Innovation During Economic Downturn - Sagacious IP<\/title>\n<meta name=\"description\" content=\"An economic downturn often leads organizations to resort to budget cuts, especially long-term investments that were kept aside for innovation\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IP Practices: 8 Ways to Drive Innovation During Economic Downturn - Sagacious IP\" \/>\n<meta property=\"og:description\" content=\"An economic downturn often leads organizations to resort to budget cuts, especially long-term investments that were kept aside for innovation\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn\" \/>\n<meta property=\"og:site_name\" content=\"Sagacious IP\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-14T01:11:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-03T11:22:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/09\/IP-Practices-8-Ways-to-Drive-Innovation-During-Economic-Downturn-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Vaibhav Henry\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Vaibhav Henry\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn#article\",\"isPartOf\":{\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn\"},\"author\":{\"name\":\"Vaibhav Henry\",\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/#\/schema\/person\/c2a71b1e5edab2b9e0b2cb6391deec70\"},\"headline\":\"IP Practices: 8 Ways to Drive Innovation During Economic Downturn\",\"datePublished\":\"2021-09-14T01:11:00+00:00\",\"dateModified\":\"2023-04-03T11:22:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn\"},\"wordCount\":832,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/09\/IP-Practices-8-Ways-to-Drive-Innovation-During-Economic-Downturn-scaled.jpg\",\"articleSection\":[\"Articles\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn\",\"url\":\"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn\",\"name\":\"IP Practices: 8 Ways to Drive Innovation During Economic Downturn - Sagacious IP\",\"isPartOf\":{\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn#primaryimage\"},\"image\":{\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/09\/IP-Practices-8-Ways-to-Drive-Innovation-During-Economic-Downturn-scaled.jpg\",\"datePublished\":\"2021-09-14T01:11:00+00:00\",\"dateModified\":\"2023-04-03T11:22:54+00:00\",\"description\":\"An economic downturn often leads organizations to resort to budget cuts, especially long-term investments that were kept aside for innovation\",\"breadcrumb\":{\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn#primaryimage\",\"url\":\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/09\/IP-Practices-8-Ways-to-Drive-Innovation-During-Economic-Downturn-scaled.jpg\",\"contentUrl\":\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/09\/IP-Practices-8-Ways-to-Drive-Innovation-During-Economic-Downturn-scaled.jpg\",\"width\":2560,\"height\":1707,\"caption\":\"IP Practices - 8 Ways to Drive Innovation During Economic Downturn\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/sagaciousresearch.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"IP Practices: 8 Ways to Drive Innovation During Economic Downturn\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/#website\",\"url\":\"https:\/\/sagaciousresearch.com\/blog\/\",\"name\":\"Sagacious IP\",\"description\":\"Blog\",\"publisher\":{\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/sagaciousresearch.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/#organization\",\"name\":\"Sagacious IP\",\"url\":\"https:\/\/sagaciousresearch.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2022\/06\/cropped-cropped-cropped-sagacious-ip-logo80-1-1.png\",\"contentUrl\":\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2022\/06\/cropped-cropped-cropped-sagacious-ip-logo80-1-1.png\",\"width\":481,\"height\":80,\"caption\":\"Sagacious IP\"},\"image\":{\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/#\/schema\/person\/c2a71b1e5edab2b9e0b2cb6391deec70\",\"name\":\"Vaibhav Henry\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/#\/schema\/person\/image\/0f1260aa13b8b3ed575427cfc8f082de\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/5fcfabc80f8ac53094466a690b553053c577967acd91078be4630cf21b4af8f1?s=96&d=initials&r=g&initials=vh\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/5fcfabc80f8ac53094466a690b553053c577967acd91078be4630cf21b4af8f1?s=96&d=initials&r=g&initials=vh\",\"caption\":\"Vaibhav Henry\"},\"description\":\"Chief Growth Officer Vaibhav is a patent commercialization expert with 12 years of experience in providing strategic direction to corporates in maximizing their IP licensing matrix. In his current role at Sagacious IP, he has facilitated the most prominent silicon-valley companies in deriving maximum value from their patents. He is adept at patent portfolio analysis as well as patent searching. He holds a B.Tech degree in Electrical &amp; Computer Science Engineering and a master\u2019s degree in Computer Engineering (Machine Learning)\",\"url\":\"https:\/\/sagaciousresearch.com\/blog\/author\/vaibhav-henry\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"IP Practices: 8 Ways to Drive Innovation During Economic Downturn - Sagacious IP","description":"An economic downturn often leads organizations to resort to budget cuts, especially long-term investments that were kept aside for innovation","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn","og_locale":"en_US","og_type":"article","og_title":"IP Practices: 8 Ways to Drive Innovation During Economic Downturn - Sagacious IP","og_description":"An economic downturn often leads organizations to resort to budget cuts, especially long-term investments that were kept aside for innovation","og_url":"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn","og_site_name":"Sagacious IP","article_published_time":"2021-09-14T01:11:00+00:00","article_modified_time":"2023-04-03T11:22:54+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/09\/IP-Practices-8-Ways-to-Drive-Innovation-During-Economic-Downturn-scaled.jpg","type":"image\/jpeg"}],"author":"Vaibhav Henry","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Vaibhav Henry","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn#article","isPartOf":{"@id":"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn"},"author":{"name":"Vaibhav Henry","@id":"https:\/\/sagaciousresearch.com\/blog\/#\/schema\/person\/c2a71b1e5edab2b9e0b2cb6391deec70"},"headline":"IP Practices: 8 Ways to Drive Innovation During Economic Downturn","datePublished":"2021-09-14T01:11:00+00:00","dateModified":"2023-04-03T11:22:54+00:00","mainEntityOfPage":{"@id":"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn"},"wordCount":832,"commentCount":0,"publisher":{"@id":"https:\/\/sagaciousresearch.com\/blog\/#organization"},"image":{"@id":"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn#primaryimage"},"thumbnailUrl":"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/09\/IP-Practices-8-Ways-to-Drive-Innovation-During-Economic-Downturn-scaled.jpg","articleSection":["Articles"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn#respond"]}]},{"@type":"WebPage","@id":"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn","url":"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn","name":"IP Practices: 8 Ways to Drive Innovation During Economic Downturn - Sagacious IP","isPartOf":{"@id":"https:\/\/sagaciousresearch.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn#primaryimage"},"image":{"@id":"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn#primaryimage"},"thumbnailUrl":"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/09\/IP-Practices-8-Ways-to-Drive-Innovation-During-Economic-Downturn-scaled.jpg","datePublished":"2021-09-14T01:11:00+00:00","dateModified":"2023-04-03T11:22:54+00:00","description":"An economic downturn often leads organizations to resort to budget cuts, especially long-term investments that were kept aside for innovation","breadcrumb":{"@id":"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn#primaryimage","url":"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/09\/IP-Practices-8-Ways-to-Drive-Innovation-During-Economic-Downturn-scaled.jpg","contentUrl":"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/09\/IP-Practices-8-Ways-to-Drive-Innovation-During-Economic-Downturn-scaled.jpg","width":2560,"height":1707,"caption":"IP Practices - 8 Ways to Drive Innovation During Economic Downturn"},{"@type":"BreadcrumbList","@id":"https:\/\/sagaciousresearch.com\/blog\/ip-practices-8-ways-to-drive-innovation-during-economic-downturn#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/sagaciousresearch.com\/blog\/"},{"@type":"ListItem","position":2,"name":"IP Practices: 8 Ways to Drive Innovation During Economic Downturn"}]},{"@type":"WebSite","@id":"https:\/\/sagaciousresearch.com\/blog\/#website","url":"https:\/\/sagaciousresearch.com\/blog\/","name":"Sagacious IP","description":"Blog","publisher":{"@id":"https:\/\/sagaciousresearch.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/sagaciousresearch.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/sagaciousresearch.com\/blog\/#organization","name":"Sagacious IP","url":"https:\/\/sagaciousresearch.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sagaciousresearch.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2022\/06\/cropped-cropped-cropped-sagacious-ip-logo80-1-1.png","contentUrl":"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2022\/06\/cropped-cropped-cropped-sagacious-ip-logo80-1-1.png","width":481,"height":80,"caption":"Sagacious IP"},"image":{"@id":"https:\/\/sagaciousresearch.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/sagaciousresearch.com\/blog\/#\/schema\/person\/c2a71b1e5edab2b9e0b2cb6391deec70","name":"Vaibhav Henry","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sagaciousresearch.com\/blog\/#\/schema\/person\/image\/0f1260aa13b8b3ed575427cfc8f082de","url":"https:\/\/secure.gravatar.com\/avatar\/5fcfabc80f8ac53094466a690b553053c577967acd91078be4630cf21b4af8f1?s=96&d=initials&r=g&initials=vh","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5fcfabc80f8ac53094466a690b553053c577967acd91078be4630cf21b4af8f1?s=96&d=initials&r=g&initials=vh","caption":"Vaibhav Henry"},"description":"Chief Growth Officer Vaibhav is a patent commercialization expert with 12 years of experience in providing strategic direction to corporates in maximizing their IP licensing matrix. In his current role at Sagacious IP, he has facilitated the most prominent silicon-valley companies in deriving maximum value from their patents. He is adept at patent portfolio analysis as well as patent searching. He holds a B.Tech degree in Electrical &amp; Computer Science Engineering and a master\u2019s degree in Computer Engineering (Machine Learning)","url":"https:\/\/sagaciousresearch.com\/blog\/author\/vaibhav-henry"}]}},"_links":{"self":[{"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/posts\/18563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/comments?post=18563"}],"version-history":[{"count":7,"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/posts\/18563\/revisions"}],"predecessor-version":[{"id":28697,"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/posts\/18563\/revisions\/28697"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/media\/18567"}],"wp:attachment":[{"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/media?parent=18563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/categories?post=18563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/tags?post=18563"},{"taxonomy":"categories","embeddable":true,"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/categories?post=18563"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/coauthors?post=18563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}