Research On Financing Problem Of Start-Up High-Tech Enterprises In Hefei

Science and technology is the first productivity in the knowledge-economical times. It is high-tech industries that play an important role in promoting economy growth and strengthening international competitiveness. High-tech industries are taken for economy development engine and the commanding elevation of future economy by world and draw all countries'attention. Facing this development tendency, all the countries'government formulates the corresponding measure and expects to hold the small space by the time in the future world. It shouldn't be ignored that high-tech enterprises face with various difficulties such as capital, technology, management and so on in the developing process. Especially, fund shortage has seriously limited the development of start-up high-tech enterprises. Hefei, as the innovation pilot city, achieves the rapid development of high-tech enterprises, at the same time, financing difficulty has seriously restricted the development of High-tech enterprises especially in the start-up stage. It has important significance to research the financing problem of start-up high-tech enterprises in Hefei and put forward the solutions and recommendations.The thesis researches the financing difficulty for the start-up high-tech enterprises in Hefei as a system issue. Six parts compose the thesis in accordance with proposing problems, analyzing problems and solving problems:The first part describes the background and significance of the topic, analyses the financing theory research status in and abroad for start-up high-tech enterprises.The second part defines the meaning of start-up high-tech enterprises, analyses the characteristics from risk degree and capital needs. It introduces the development of start-up high-tech enterprises in Hefei.The third part introduces the characteristics and risks of financing. It analyses the causes of financing difficulty based on the financing difficulty status of start-up high-tech enterprises in Hefei.The fourth part analyses financing supports for high-tech SMEs in the United States, Japan and Germany and gets revelation on China.The fifth part proposes the solutions to financing problem of start-up high-tech-enterprises in Hefei from government support, technology incubators, venture capital and financial institutions in combination with financing environment status.The last part gets some main conclusions.