In 2022, the industrialization rate of effective invention patents in China reached 36.7%, a new high in nearly five years. Not long ago, the 2022 China Patent Survey Report released by the State Intellectual Property Office showed that the industrialization rate of effective invention patents in China was continuously rising, and more innovative achievements gained real value through the transformation and application of intellectual property rights. The patent industrialization rate directly reflects the ability to transform patents into real productivity and support economic development. The better the transfer and transformation of intellectual property rights with patents as the main content, the stronger the ability to support the innovation and development of the real economy. From the perspective of local practice, intellectual property rights and economic development play an obvious role in supporting each other. For example, in 10 provinces and cities such as Guangdong, intellectual property and economic development are highly integrated, and intellectual property plays a significant role in promoting regional economic development; In six provinces and cities, including Sichuan, intellectual property rights play a leading role in regional economic development and effectively promote the transformation and upgrading of regional traditional industries. Since the 18th National Congress of the Communist Party of China, China has continuously improved the intellectual property laws and regulations system and protection system, strengthened the protection of intellectual property rights, and embarked on a path of intellectual property development with Chinese characteristics. On the one hand, we should constantly strengthen the leading role of enterprises in the transfer and transformation of innovation achievements. Nearly 70% of the effective amount of domestic invention patents in China are owned by enterprises, and their patent industrialization capacity is constantly improving. In 2022, the industrialization rate of effective invention patents for Chinese enterprises was 48.1%, especially for national high-tech enterprises and specialized "small giant" enterprises. The industrialization rate of invention patents was 56.1% and 65.3% respectively, far higher than the average level. On the other hand, strengthen the cooperation between industry, university and research, and promote the effective connection between scientific research and market application. The survey shows that in the past two years, the industrialization rate of industry-university R&D patents with universities as the first patentee is 17.8%, which is far higher than the average level of industrialization of university general patents. It is driven by the leading array that China's patent industrialization rate has achieved continuous improvement. It should also be noted that it is difficult to improve the rate of patent industrialization and promote the transformation of scientific and technological achievements in one move due to the constraints of technological maturity, market changes and capital returns. The scientific research personnel in colleges and universities are lack of industrialization experience, and the science and technology intermediary service market in China is not developed enough. To solve the problem of "many but not excellent, large but not strong" of intellectual property rights, we still need to make long-term and arduous efforts. At present, China has turned to the stage of high-quality development, and we must further improve the quality and efficiency of intellectual property rights, promote the orderly flow and optimal allocation of innovative resource elements with the efficient flow of intellectual property rights, and accelerate the release of the innovative and creative vitality of the whole society. First of all, we should improve the quality of intellectual property rights, guide innovation subjects to make greater efforts in key areas, "neck" technology, and form more high-value patents. Secondly, we should vitalize and make good use of intellectual property resources to make them produce benefits and promote development. For example, colleges and universities still have a large number of "sleeping" scientific research achievements, while a large number of small and medium-sized enterprises lack available knowledge