Study On High-tech Newly Established Enterprise Financing Problem

Today's world competition in the world, national to leave his place on the stage, exhausted over backwards. Through two technology revolution made quickly developed countries in Europe and America, especially in the United States has become the world's science and technology, economic, military and a super hegemony. These are more and more countries realize high technology in a country, and the importance of more and more countries increased investment in high-tech industry. High-tech industry to develop the high-tech enterprises must be as the carrier of the development of high-tech enterprises, is the new technology can be transformed into product, carries on the scale of production, into economic interests and promote the development of high-tech industries throughout the country. Committed to high-tech enterprise development at the same time, the world is also a problem is encountered in high-tech enterprises lack of funds and difficult period serious through effective ways to obtain funds. High-tech business enterprise financing has almost become the world must solve the problem.Our high-tech industrial development startting evening, development lags behind, but after 30 years of reform and opening-up, both high-tech industries or high-tech enterprises have been great development. In achievement at the same time, China hi-tech enterprises, there also exist some problems, one of the most serious is to solve the high-tech venture is financing. Select the reasonable financing can effectively solve the problem, the traditional mode of financing (bank loans, bonds and shares) are not suitable for high-tech venture financing, which requires us to differentiate for high and innovation of enterprise new financing.Gem market financing, attracting investment risk, intellectual property, these innovative financing guarantee financing ways to solve problems of high-tech venture financing. But in the financing ways and their shortcomings and problems, and hard to be most high and enterprise. In comparison with the gem market financing, financing, only a few enterprises can threshold into 2 class market financing, most high-tech venture industry only path. To attract investment risk should be also high-tech venture enterprise ideal mode of financing, in foreign enterprises is the most high and attract investment risk to solve the problems in financing. However, due to the risk investment in China is not perfect and the company law in China has many conflicts, make attract risk investment and high-tech enterprises have become popular choice of financing. Intellectual property is the guarantee financing high-tech start-up companies should solve the problem for financing ways, but due to the intellectual property rights awareness, guarantee financing market for most enterprises not choose the high and financing.Facing many problems, in order to solve the problem, we must further analysis of the reasons for the problem of solving problems, and provides a strong theoretical basis, to achieve "suit the remedy to the case, work like a charm" the effect. Analyze problems, we can put the cause of the problem can be divided into two parts:one is the high-tech venture within reason and the other part is high-tech venture enterprise external cause. For high and internal causes according to its own characteristics, the high-tech venture enterprise due to a smaller, management and development of funds. In addition, China hi-tech startups unclear property right, governance structure unreasonable, etc. These causes high-tech venture business risk increases quickly, in view of the above, the gem market risk in order to protect the rights and interests of investors and safeguard gem more stable market will have to improve enterprise into gem market financing threshold. So the gem market financing threshold gao became high-tech venture enterprises to choose the biggest obstacle gem market financing. Through the analysis of the causes of enterprise external, we find that in our country lacks intellectual property market and are secured by financing to intellectual property rights of enterprises and the high accepted fundamental reason, The characteristics of venture investment company with the company's common conflict, and general company specializing in the company law to theuses of high-tech enterprises in China, risk investment market mechanism imperfect, the final result that attract investment risk not well solve the problem high-tech venture enterprise financing. Notwithstanding the foregoing, the deviation of the positioning itself makes government keen to policymakers, no good policy implementers role played in the high-tech enterprises, difficulty in financing gives you the effective help.To resolve the problem is not only on its own, should also learn from foreign advanced experience and more effectively in combination with the characteristics of high-tech venture enterprise itself ultimately the new high-tech venture financing. Gem market financing threshold for high, the author thinks that should be appropriately reduced financing threshold premise and strengthen market oversight, reduce the risk of market. To attract investment risk is not perfect and the company law, the government should legislate against risk investment company. For intellectual property rights awareness is not high security financing market, the author firstly should establish knowledge property right trading market, and establish a unified intellectual property appraisal institution, the second commercial Banks should discard prejudices, change the traditional ideas, hard to accept intellectual property security, high-tech venture financing should strengthen intellectual property rights awareness, completes the work of intellectual property protection and popularization.