Research On Financing Modes Of Small And Medium - Sized Innovative Technology Enterprises

Small innovative technology companies have an important role in national economic development, they are responsible for solving the employment pressure, stimulate the creative consciousness of personnel, improve the national scientific and technological strength and other tasks, but because of the existence of asymmetric information, innovation and investment risks and other factors, led to the traditional financing model does not apply its financing, objectively hindered the healthy development of small innovative high-tech enterprises.After many years of theoretical and practical discussion, based on the life cycle theory of corporate finance, capital structure theory, credit rationing theory, theory of financial development and system coordination theory, finance to serve and meet the needs of science and technology enterprise development, we must take the initiative to change their Financing.Articles on the collection and analysis of possible national policies, laws and regulations, the angel investment into the financial markets/Venture Capital, P2P net loan/crowdfunding, "new three board", "Branch board" SME debt collection, etc. forms of financing, down to around the science and technology park financing preferential measures, and the assessment, pointed out that these financing methods to meet the small and medium technology enterprise needs different period of development to a certain extent, but there is a certain threshold, only to meet the needs of outstanding scientific and technological enterprises, Pratt & Whitney those unable to small and micro technology companies, especially those in the start-up of the amount of technology.By studying the financing of domestic high-tech industry development zones and technology parks, such as "Eagles credit", "bridge and tunnel/road thoroughfare mode" and other new financial products, particularly in the Zhongguancun Science Park in technology corporate finance services useful model practice, Science and Technology guarantee assume a major role, as well as a representative of small and medium enterprise financing science and technology demonstration case, we believe that financing must be rooted and supporting measures certain financial services environment, science and technology through the cultivation of corporate finance services environment in order to better provides financing options and financing services for small innovative technology companies.Finally, on the US, Germany, Japan and South Korea for the development of small and medium technology corporate finance support measures proposed reference. Finally, continued monetary policy support, expand financing measures strengthening credit management system, to promote science and technology and technical and scientific measures to guarantee insurance, etc., proposal of financing risk control and optimization technology companies finance market support measures and other aspects of the record.