Improve Financial Fund To Support Technological Innovation Efficiency

With the development of economy, science and technology in economic development is more and more important, Governments have increased investment in science and technology to promote technical innovation, so as to promote the economic development. In recent years the economic development of our country make a spurt of progress, Financial investment in science and technology will continue to increase, World-wide, though, the market shares of Chinese enterprises supported by innovative technology is poor. The strength of the economy has not been achieved through the support of enterprise technology innovation.Combined with the above background, Based on the endogenous economic growth theory, the paper analyzes the necessity of financial support enterprise innovation、the relationship between fiscal investment and enterprise innovation、the current situation of financial support enterprise innovation. Also analyzes the present situation of R&D investment and the financial support. Using the technology of statistical data, explore the problems combining the current situation of venture capital in china.Then through the establishment of model, it verifies that the differ--et nature of the enterprise R&D investment have different benefits, and our financial support enterprise innovation needs to be improved. The main conclusions are as follows:(1) most of our social development funding are enterprise funds, but subject status of enterprises in the innovation system has not been established-although enterprises spend quite a lot on R&D each year, less have real R&D activities.Therefore, the guide of enterprises innovation has not been achieved by our financial.(2) Through the analysis of the Government fund in enterprise R&D investment, it indicates that The way of R&D investment with financial funds is too simple, result in the preference of business type. Because of the lack of oversight, The efficiency of financial funds is low, and it can not drive social funds to enter.At last, borrowing from the way of Government innovation funded by developed countries, The article proposed that our financial support for technological innovation of enterprises need to continue to increase the scale of capital investment, and Take different funding method according to the characteristic of enterprise, different stages of development, and build a set of financial supervision and evaluation chanism.