Research On Small And Mid-sized S&T Enterprise Resource-oriented Financing Pattern

Small and mid-sized technology-based enterprises are the country’s innovation machine, the high creativity and high growth improve the development of technology innovation and S&T industry. These enterprises can solve the national employment, promote national economic and the S&T industry’s progress of the world. But due to the particularity and constraint conditions, small and mid-sized enterprise’s financing has been the key to restricting its development, how to establish a practical and efficient financing model to solve the S&T enterprises’financing bottleneck is always the focus of theoretical research. Financing of enterprise life cycle、trapezoidal financing、cash pooling and platform exist some problems, such as the stage division is not clear, the optimal financing choice is unknown, and special adaptive. The discussion on the mode of innovation and efficient technology-based small and medium-sized enterprise financing is inevitable. As Internet financial, cloud financing platform and a variety of the innovative financial support’s development, resources have become the focus of society and the enterprise, then how should the enterprises do to use these financing resources?Based on the perspective of financing resource, the paper use the specification method, case analysis method and so on to analyze the new method of finance. The financing resources are divided into internal resource, external resource, private and public resources and foreign resource, etc., The paper build a financing system through the resources oriented financing main body, running mechanism and motivation mechanism. The conclusions are:First, China’s S&T industry is in the early stage of development, the financing bottleneck problem is serious, the environment remains to be further perfect and improve. Second, in the theoretical circle, small and mid-sized enterprise financing pattern has formed a certain system, but there are still exist some problems such as indistinct definition of lifecycle, the optimal financing choice, the phenomenon of Irrelevant between practical and theory. Third, resources financing make the best of inside and outside resources, it can realize the goal of corporate financing, and be the inevitable choice of enterprise financing development in the future. Based on corporate financing resources, this paper aims at exploring the innovation of small and mid-sized enterprises finance. The new model makes up for the deficiencies of the traditional financing model. The main innovations:First, breaking the theory of financing stage, integrating the internal and external financing resources effectively, building the theory of small and mid-sized enterprise financing resources new framework; Second, based on research of case, the paper puts forward the objectives and the financing system of resource financing platform, it creates a new way to finance.