Authors: Alberto Boretti
Addresses: College of Engineering, Prince Mohammad Bin Fahd University, Al Khobar, Saudi Arabia
Abstract: The COVID-19 epidemic and the policy response is disrupting life around the world, with significant impacts also on the economy. This economic downturn will impact R&D expenditure, and therefore, on innovation and commercialisation. Apart from specific sectors that could receive more funds, for example, pharmaceuticals more than health, surveillance and defence, communications, digital markets, and distant education, investments in every other sector are expected to plunge. The opportunity to innovate and commercialise new products, process, or methods in a free market economy is expected to follow the dropping investments.
Keywords: research and development; R&D; innovation; commercialisation; gross domestic product; GDP; COVID-19 measures.
International Journal of Research, Innovation and Commercialisation, 2020 Vol.3 No.1, pp.73 - 82
Received: 07 May 2020
Accepted: 07 May 2020
Published online: 20 Aug 2020 *