The Financial Support Of Technology Innovation Research

Technological innovation is the boost power of the economy of a region or a country, and technical innovation’s characteristics cause its strong dependence on the financial system, therefore, a good financial support system is an important guarantee for technological innovation. The very first discussion on technical innovation, found in Schumpeter’s innovation theory, believes that technological innovation is essentially a combination of factors of production innovation. The financial system is the backbone of modern macroeconomy. With the development of China’s financial system, financial support for the role of technological innovation will become increasingly apparent.Jiangsu Province with its economies in transition, as the spearhead of China’s technological innovation and financial development, should more actively explore technological innovation, technological innovation, especially high-tech enterprise reform and development of financial support direction.This paper aims to analyze the technical innovation of Jiangsu Province in the role of financial intermediation. First, this paper introduces the mechanism of introduction of technological innovation, and technological innovation of financial support mechanisms. Then, in Jiangsu Province for financial intermediaries to support technological innovation empirical analysis. As the current government is still helping to promote one of the main force of technological innovation, also joined the government-supported auxiliary variables analyzed. The results show that financial intermediation support for the role of an inventor patents the most obvious, and inventor of patents in this paper is also considered to best reflect a national and regional indicators of the level of independent innovation. On the other hand, government support is the support of the utility model patent a larger effort, which is China’s reform and opening up,"bringing in" strategy are closely linked. With the further deepening of China’s reform and opening up, building an innovative country and further deepening of China’s independent innovation capability of China’s economic development will become the most important driving force, therefore, financial intermediaries as an important support of this goal, the healthy and rapid development is particularly important.Finally, considering the historical experience of some developed countries and also developing countries, this paper proposes both from the financial environment and financial aspects, two sets of suggestions for optimization techniques of financial intermediation in Jiangsu Province to support technology innovation.