Funding Mechanism For Technological Innovation Research

When stepping into the knowledge economic society, technologicalinnovation is the key factor that decides the rise and fall of an enterprise ora nation.This thesis is about the investment mechanism of the technological?innovations. It includes three chapters. The first is about the requirement ofthe investment in technological innovations .The second is about the?problems which exist in the investment in technological innovations in ourcountry at present .The third is about the new mechanism of investment intechnological innovations which the author propose.In the first chapter, the concept of the technological innovations isdefined. After introducing the viewpoints of the specialist in china andforeign countries, the author considers the technological innovation to be aseries process of research and development, manufacture and market.Technological innovations can be classified according to the strength,object, causes and organizer of technological innovations.Continuity, sudden changes, high risks and high benefits, etc. arefeaturing the technological innovations.After introducing technological innovations, the thesis summary therequirements of the investments in technological innovations.First, enterprises are the investors of technological innovations.Because of the competition and the object of the maximum earnings,?enterprises are the most important investors.Second, the investments in the technological innovations must bedistributed rationally. And the investments must satisfy the requirements ofeach process of the technological innovations because each processrequires capital. Only so, the technological innovations can succeed.Third, technological innovations ask for venture investments because ofhigh risks.Fourth, the investments in technological innovations require the macro-regulation of governments.In the second chapter, the author looks back to the technologicalinnovation taking place during the age of planned economy and the periodof reform and opening up in our country. The government centralized themanagement of the technological innovations at the age of plannedeconomy, so the government became the investor of the technologicalinnovations. Technological innovations can be divided three stages afterreform and opening up. At the beginning of reform and opening up, Thegovernment carried out many plans of science and technology. In the1990's, the service system began to be established. After1995, enterprisesare gradually becoming investors of technological iunovations.This chapter later discusses the present problems about investments intechnological innovations in our country.First, the investors of technological innovations are in conditions ofintervening portion.Second, the technological innovations are short of large investments,and the investment structure isn't rational also.Third, the only source structure of the capital investment cannot satisfythe requirements of the investment in technological innovations.Fourth, political support system and service system holds back th?forming of investment mechanism.The third chapter discusses how to establish the new investmentmechanism of technological innovations.First, establishing the investment mechanism in which enterprise playsthe key role .How can enterprises become the investors of the technologicalinnovations? The author presents his idea that enterprise's institutions andtechnological institutions must be reformed.The relations between enterprise's institutions and technological2innovations are as follow: On the one hand, different enterprise'sinstitutions decide whether enterprise will invest project of technologicalinnovations. On the other hand, different enterprise's insti...