High-tech SMEs Financing Risk Evaluation Research

High-tech SMEs is the product of combining SMEs’ versatile degeneration with the development of science and technology innovation. With the social development, High-tech SMEs occupies an increasingly important position in the market economic structure system. In G20meeting2010, proposed a well-known saying:If a key can solve the problems of employment and help countries out of the shadow of the financial crisis, the key is the success of SMEs." The well-known saying shows the importance of High-tech SMEs. Compared to the large enterprises, High-tech SMEs exists the shortcoming of overall weak strength, small scale, unsound operation and management mechanism, shortage of talent and funds, high risk financing,poor market and so on. Those shortcoming leads to the SME financing difficulties. Solving this problem can help to improve the survival rate of High-tech SMEs and promote the healthy development of potential enterprises, so it is imminent that how to effectively solve this problem.Based on the review of status of High-tech SMEs research and related financing theory, this paper summarizes related research. First of all, the paper defines the related High-tech SMEs concepts, meanwhile analyzes the High-tech SMEs own characteristics and the risk of High-tech SMEs financing according to the life-cycle theory. Secondly, combined with the characteristics of High-tech SMEs, we should improve the risk assessment model of traditional financing, scientifically comprehensive&reasonably choose evaluation index system, focus embodied High-tech SMEs innovation and growth, rather than too much emphasis on short-term interests and profits size. The evaluation index system is divided into financial indicators and non-financial indicators. According to questionnaire and reliability analysis and validity analysis by SPSS, the final selection of non-financial indicators contains the risk of innovation capability, the risk management capacity, the risk of economic factors, the risk of staff capacity and upstream and downstream business conditions, which makes the evaluation model more practical and results more accurate evaluation. Thirdly, analyze the Wright Institute of Energy Technology based on the establishment of SME financing risk assessment model. Wright Institute of Energy Technology is typical High-tech SMEs, one of members units of High-tech SMEs in Tangshan, which gets the certification of Tangshan Municipal Science and Technology Bureau. The evaluation result shows that the risk of financing of Wright Institute of Energy Technology is moderate and the amount is small. So It indicates that financing condition of Wright Institute of Energy Technology is fine, and the risk of financing is small. Finally, from the view of government, financial institutions and enterprises, the countermeasures are studied. The specific measures mainly contain the government law, the change in attitude of the financial institutions and the conditions improvement of the enterprises.