Small And Medium-sized Technology Enterprises In The Development And Financing Of New Ways

With the coming of knowledge economy, technology and innovation have been the mainimpelling forces to the current world economy and development. The transfer andindustrialization of technological fruits have been regarded as key issues by every state. Theimportant measures which promote the transfer of technogica fruits and innovations include:actively supporting the development of medium and small-sized technological enterprises, andestabishing developing districts for high and new technological industries. However, as they arebooming, the medium and small-sized technological enterprises are facing a main hindrance thatlimited government's investment has difficulty in effectively meeting the neeeds for capital of largenumber of this kind of enterprises although lots of high-tech projects and products have to beinvested to survive, which also can not accord with the requiremnet of the development of marketeconomy.Based on the problem referred above, the thesis reviews the general laws in and out ofChina for the development of technological enterprises and the theories about the relationsbetween enterprises and technological innovation, points the characteristics of the needs forcapital among different developing ~phases of technological enterprises, and discusses theimportance of venture capital which would be helful in the financing of medium and small-sizedtechnological enterprises in their initial phase. Also the domestic and international innovationcapital market are compared and analyzed~ that have fostered some medium and small-sizedtechnological enterprises. Considering the real conditions in Xi'an city, the thesis suggested that amulti-member innovation capital market── technological equity trading~ceter adjusted to thedevelopment of those enterprise in Xi'an should be edished, which would break the"bottleneck" of those enterprises financing and would supplement the channels for the venturecapital putting into and drawing .This market would supplement and perfect the GrowthEnterprise Market that is going to Start up, and would be a fiexible way for those enterprises inXi'an financing which will de-escalate the standards for their financing and lessen theiMon blocks wt inVeStri and wtses. HenCe by this M the s~ andsuStalning ~ Of there enwises mild be peital, high and rm theOgital indusIriescould be pewt tO a w level, and the indusny smibe could bo better readjuStal andescaland...