Abstract:The "strategic framework for innovation-driven development", which was released by the CPC Central Committee and the State Council in May 2016, issued to improve the ability to use intellectual property (IP). Improving the ability of IP commercialization is the focus of enhancing the ability to use the IP. On the basis of distinguishing state compulsory use of IP, academic use of IP, and IP commercialization, this paper defines IP commercialization and analyzes its characteristics. This paper holds the opinion that IP commercialization is an important way and the key issue of achieving innovation-driven development. The article divides IP commercialization into four types, which are internal implementation, external liquidity, guarantee financing, and legal proceedings. The paper studies the problem of IP commercialization in five aspects, which are IP quality, product form, professional service, promotion policy, and judicial protection. The article analyzes the main practices and mature experience of United States, Japan, and Korea. Finally, the article proposes policy recommendations to strengthen IP commercialization.