COVID-19 pandemic has created a necessity to establish a new way of living. It is proven that any kind of transformation in the conventional lifestyle of a human being opens opportunities for innovation. The ominous consequences and challenges brought on by COVID-19 has urged innovation across all industries, thus leading to novel niche markets.

The ongoing global pandemic and its resultant repercussions on economy is unprecedented. Strong economies have strong Intellectual Property (IP) environment. Thus, when the economy suffers, so do its IP environment. The economic implication is across all levels and all sectors of businesses. Hence it goes without saying that innovation is suffering.

The World Health Organization (WHO) explains COVID-19 (coronavirus) as the infectious disease caused by the most recently discovered coronavirus. This new virus and disease were unknown before the outbreak began in Wuhan, China, in December 2019. It is popularly referred to as the cousin of SARS (Severe Acute Respiratory Syndrome).