Research On Government-Industry-University-Research Collaboration Technological Innovation System With Financial Participation In Shandong

With the advent of emerging industry and the acceleration of technological revolution, the capability of independent innovation has become a key factor to enhance the economic vitality and competitiveness of countries and regions."12th Five-Year" period is an important stage to implement <Long-term Science and Technology Development Plan (2006-2020)>, to accelerate the transformation of economic development, to build an innovation-oriented country. However, to build an innovation-oriented country is a complex system project and requires system and mechanism beneficial to innovation, and finance is extremely important to promote technological innovation. Therefore, how to establish a technological innovation system which enterprises as the mainstay, market as a guide, finance as the supporters is an important problem need to be addressed by the government.In recent years China’s related government department has made a series of policies and measures to promote Industry-University-Research Collaboration (IURC), to support for technological innovation. And made some progress in the capability of independent innovation. However, there are still some problems that lack of effective support and services, lack of efficiency in technological innovation, especially the financial sides as supporters are difficult to integrate into technological innovation. Therefore, to overcome the risks of innovation, to let the financial sides into IURC, to build a Government-Industry-University-Research Collaboration (GIURC) Technological Innovation System (TIS) with financial participation might be the effective way to solve the problems that nowadays IURC faces.Firstly, the paper analyzes and summarizes the literature and theory of technological finance, GIURC and regional innovation system, finds out the inspiration and shortcomings of the current research, and comes to the objectives and content of this paper. Secondly, combs the development process and the status quo of technological finance and GIURC in Shandong, analyzes the problems of technological finance in Shandong, and further analyzes the problems of GIURC in Shandong. Thirdly, the paper defines the concept of GIURC TIS with financial participation, explains the roles and relations in the technological innovation system of government, industry, universities, research and finance. After learns from the experiences and practices at home and abroad, the paper brings finance as a important supporter into GIURC, proposes the establishment of intellectual property rights pledge loan risk compensation special fund and the establishment of technology transfer special funds, to guide and to encourage the commercial banks, guarantee agencies and venture capital actively participate in the GIURC, then establishes the operating mechanisms for GIURC with financial participation. Finally the paper provides some recommendations and countermeasures in the perspective of industry strategic alliance, policy-based financial institutions, service assurance platform and organizational structure to promote the finance participate in GIURC TIS in Shandong...