Core Insights - As of June 2023, China's strategic emerging industries have reached 1.472 million effective invention patents, which is 2.2 times the amount at the end of the 13th Five-Year Plan, accounting for about 70% of high-value invention patents [1] - The challenge lies in efficiently transforming these high-value core patents into tangible industrial competitiveness and market influence [1] Policy Recommendations - Policies need to be refined to enhance the patent conversion rate in universities and research institutions, addressing the systemic barriers that hinder patent transfers [2] - There should be a stronger connection between supply and demand in patent conversion, with institutions responding quickly to market needs and enterprises analyzing technology demands along the industrial chain [2] Cost Reduction Strategies - The government should create innovation-sharing platforms to lower the costs associated with patent conversion, particularly in the biomanufacturing sector where the pilot testing phase can consume 40% to 60% of total R&D investment and take 3 to 5 years [3] - Recent initiatives from the Ministry of Industry and Information Technology and the National Development and Reform Commission aim to build pilot testing capacity, addressing high-cost barriers in the industrialization process [3] Collaborative Ecosystem Development - Breakthrough innovations in strategic emerging industries increasingly depend on deep integration across fields and disciplines, yet technical barriers and standard gaps hinder the free flow of innovation elements [4] - Encouraging the formation of innovation consortia led by leading enterprises, with deep participation from academia and research, can facilitate technology sharing and reduce collaborative innovation costs [4] Capital Empowerment - The capital market should be more adept at identifying and supporting hard-tech companies with high-value patent reserves and clear conversion pathways, fostering a virtuous cycle of "technology-industry-finance" [5] - Knowledge property asset securitization is emerging as a potential innovative financing method, allowing technology companies to convert intellectual property into tradable financial assets [5] - As of July 18, 2023, 20 knowledge property asset securitization products have been successfully issued this year, raising over 2 billion yuan, accelerating the monetization of high-value core patents [5] Conclusion - A strong synergy among policies, capital, and innovation ecosystems is expected to activate the industrialization potential of high-value invention patents, enhancing China's innovation competitiveness and driving high-quality economic growth [6]

Core Viewpoint - The news highlights the significant progress and achievements in the construction of a strong intellectual property (IP) nation during the "14th Five-Year Plan" period, particularly focusing on geographical indications (GIs) as a key driver for rural revitalization and economic growth [1][2]. Group 1: Geographical Indications and Economic Impact - As of the end of 2024, the direct annual output value of geographical indication products in China is expected to exceed 960 billion yuan, marking a continuous increase over five years [1]. - The integration of geographical indication industries with cultural tourism is emphasized, promoting the inclusion of GI products and handicrafts into rural tourism to enhance industry prosperity and increase farmers' income [3]. Group 2: Policy and Regulatory Framework - The National Intellectual Property Administration has implemented various regulations, such as the "Geographical Indication Product Protection Measures" and the "Collective Trademark and Certification Trademark Registration and Management Regulations," to strengthen the protection and management of GIs [2]. - A unified system for the recognition of geographical indications has been established, which includes standardized procedures for acceptance, review, recognition, labeling, and supervision [2]. Group 3: International Cooperation and Brand Development - Efforts are ongoing to promote mutual recognition and protection of geographical indications with countries such as those in the EU and ASEAN, with 110 Chinese GI products currently protected abroad [3]. - The development of high-value core patents in strategic emerging fields like 5G, AI, and renewable energy is being prioritized to enhance international competitiveness [4]. Group 4: Quality Control and Industry Governance - The National Intellectual Property Administration is guiding the establishment of 123 national GI protection demonstration zones and implementing 44 GI protection engineering projects to enhance the quality and reputation of GI products [2]. - Measures are being taken to combat infringement and counterfeiting, ensuring a clean market environment and protecting the legitimate rights of producers [2][6].