Invention Licensing is the new R&D Department
May 11, 2021Back in 2008, the market crashed that was caused by the great recession. As the economy slowed down and things got difficult, companies had to get rid of the extra in their company, so one of the first things that went is R&D departments.
The reason being is they looked at it and said, "we don't need any new products because things are slowing down. We're not selling as many, we're not selling new products."
So how did invention licensing turned out to be the new R&D department? I think you already have an idea, but go watch today's episode as I tell the conclusion to the story!
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