| More and more entrepreneurs joined the science and technology entrepreneur's rank incented by the government logo"Technological innovation and Independent renovation"in China in recent years. However, these entrepreneurs faced a lot of difficulties during their entrepreneurial processes. Among which, the financing needs of enterprises preempted and are directly related to the survival and development of these entrepreneurs. The lack of varieties of start-ups funding sources makes many entrepreneurs miss the development opportunities and as a result, hindered their development and growth. Business Incubator stands out to be the service provider in nurturing and fostering the high-tech SME (Small and Medium Enterprises) by acting as the cradle of new enterprises and entrepreneurs. As one of the means to facilitate of high-tech industry development and support innovation activities, Business Incubators have played an important role in promoting the China's economic development. But we also noticed some draw backs such as monotonous financing source, shortage of financing amount from our actual operations and practices. Theses draw backs, as a result, prevented the healthy and sustainable developments of the hatching business.Admittedly, most Science and technology enterprises will face the financial bottlenecks during their start-ups and developments. However, the technology business incubators assume a very important role in resolving the needs of start-ups seed money. The answer of how technology business incubators should better perform their functions of intermediary investment and financing services in helping small businesses solve their cash needs is at stake. In this paper, we will use the example of Suzhou ZX business incubator to illustrate the intermediary service functions. We will focus on the how to effectively carry out financing and utilization to overcome one of the bottlenecks that restricted the development of science and technology business incubators. Suzhou ZX-tech business incubator, we will point out the existing problems, including not having fully considered the convergence of risk investment and key specialized area development, no guarantee of obtaining effective access to financial support at all stages for incubated enterprise and incomplete and improper management of incubation enterprise etc. From the angle of the micro-and macro approach: the establishment of new financing---investment management system. The basic principles of creating our new system are: Pareto 80/20 rule, information sharing rule, financing pluralism rule, contingency principles etc. After study the new system frame work, we propose solutions which include establishing incubator funds, perfecting a comprehensive assessment of incubated enterprise and optimizing the investment and financing services, such as response decision-making mechanisms. The new financing mechanism system includes: incubation funds, venture capital, bank loans and other major financing mode. We hope that this paper can provide a reference for other domestic incubators on financing and investment management. |
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