Research On The Ecological Chain Of Technology And Finance Serving To Technological Innovation

Today, with the deepening process of economic globalization, the world economicdevelopment is increasingly showing the characteristics of regionalization. As a result,innovation is increasingly becoming a decisive factor for access to the competitive advantageof regions. However, the actual difference of the regional economic development shows thatthere are significant differences of innovation efficiency among different regions. Nanjing is ina critical period of accelerated urbanization and internationalization, so the capability ofscientific and technological innovation plays an important role in it.In this paper, by adopting the method of theoretical research, game theory and case study,we systematically study the technology and finance ecological chain for technologicalinnovation in Nanjing. Firstly, based on the theory of regional innovation capacity at home andabroad and the theory of three spiral model, we analyze the problems in the construction oftechnology and finance ecological chain, and the development of the foreign scientific andtechnological financial services system as well. Secondly, by using the game model, we carryout further investigation on the relationship among the main body of in the ecological chain oftechnology finance, including corporate, the government, academic and research side, andinvestment institutions.Thirdly, on the basis of the analysis on the outcome of the game, we study the operatingmechanism of the ecological chain of technology and finance in Nanjing, and put forwardsome policy recommendations.According to the study above, we obtain the following conclusions. First, the reason forNanjing’s weak capability of scientific and technological innovation and the low conversion Rate of scientific and technological achievements is that the interaction between the mainbodies of businesses, governments, universities and research institutions is not strong. Thethree spiral model theory can strengthen the interaction between the main bodies and willpromote the efficiency and innovation ability of the regional innovation system. Second, weshould pay attention to each main body participating in the ecological chain of technology andfinance, and clarify the interests relationship of all parties, so that we can enhance theoptimization of the financial ecosystem environment. Third, relying on the support andregulation from the government, improve the social credit system to ensure the effectiveoperation of the ecological chain of technology and finance.