Only profitable university patents boost progress

JIN DING/CHINA DAILY The Chinese leadership has emphasized the importance of integrating technological innovation resources to spearhead the development of strategic emerging industries and future industries, thus accelerating the formation of new quality productive forces. The patent conversion rate has To unlock the full potential of university patents in driving economic growth, the Chinese government has initiated measures to enhance patent quality and strengthen policy incentives for patent commercialization. Establishing and improving technology transfer offices and patent resource databases, along with adopting open patent licensing models, can significantly enhance commercialization efforts. Professional technology transfer offices should not only handle administrative tasks but also manage patent portfolios from a technical perspective, integrating with national intellectual property service platforms to activate high-quality patent inventories. Universities can adopt open patent licensing models and utilize government platforms to better connect supply and demand, thus further driving patent commercialization.