I tried to update my graphics drivers, but they were already up to date. My graphics card is NVIDIA GeForce GTX 1650 with all the latest driver updates through the NVIDIA app. But still faced the issue OP posted. So I tried the patch as well and that didn't work too. I downloaded the game for windows and the patch from gdrive.
There's a high chance we won't see your comment if you respond to something very old.
Your graphics card should definitely be new enough to work, and the compatibility patch not working either is odd. I would recommend starting by properly re-installing your graphics drivers, perhaps download it directly from NVIDIA's website instead of their app. There may also be different driver types, like gaming-focused or stability-focused. Try those, keeping in mind it's your own responsibility. Other than that, try googling problems related to "RPG Maker MZ" regarding failing to initialize graphics that are not related to drivers. Although chances are it is driver-related. I even saw someone that had success in getting it to work by downgrading their driver a bit, so there must've been something wrong with that specific driver or the installation of it went wrong somehow.