China’s latest push to commercialize research: match 680,000 innovators with companies

Only a small portion of patents owned by universities in China become commercial products. Credit: Xu Changliang/VCG via Getty China’s intellectual-property regulator has been playing matchmaker — connecting researchers with patents to companies that can commercialize them. Last month, the China National Intellectual Property Administration said that as a result of these introductions around 80,000 patents from universities and research institutes have been commercialised between 2023 to 2025. The effort is part of the government’s desire to translate more research into products and services. China holds more than five million domestic-invention patents, but few are brought to market. In 2022, only 3.9% of university patents were commercialized, according to state media . Since 2023, the agency says it has identified around 680,000 patents held by universities and research institutes that could be commercialized, and has connected the innovators with 460,000 companies that could bring the ideas to life. Last month, the China National Intellectual Property Administration said that around 80,000 patents from universities (10.1%) and research institutes (17.2%) have been commercialised between 2023 to 2025, as a result of match making efforts. Marina Zhang, who studies innovation with a focus on China at the University of Technology Sydney in Australia, thinks the match making will create lasting connections between academia and industry. …