The Research On Science & Technology Innovation Supported By Financial Development Of Hefei

In the era of knowledge economy, technological progress is gradually becoming the core power of economic development. The key factors of science and technology innovation become the object of several generations of economists’ unremitting exploration. At the same time, a large number of financial industries are growing with the development of economy. Many countries all over the world have realized the important role of financial development in the field of technology innovation. Nowadays, our country is in the key stage of economy growth mode transformation by the industrial upgrading with science and technology innovation. Science and technology can bring the huge productivity. The economy developments rely on the science and technology innovation, and financial industries also improve the field of science. Under the help of financial, science and technology innovation will present a new trend. Chinese attaches great importance to the financial support in the field of science and technology. Only in this way, the financial will provide more efficient services and supports to science and technology innovation, so as to make a great contribution to the economic growth. The fact that the financial development’s contribution to the innovation of science and technology is more and more important, improve the ability of science and technology innovation is becoming a new trend of development.As the first national science and technology innovative pilot city in 2004, Hefei has obey science and technology ministry’s ’National "the 12th Five Year Plan" science and technology development plan’ and follow the 18 National Congress of the CPC’s innovation-driven development strategy,make the science and technology innovative in the important position of economic development. Science and technology resources is one of the advantages in Hefei, there are a lot of colleges,universities, research institutions and science and technology talents. Second,Hefei has the tradition of innovation and a strong innovation needs. Therefore, Hefei has actively explore the reform of science and technology system, continuously absorb innovation resources, improve the innovation environment; At the same time,Hefei is strengthening the construction of the financial system, building the diversified financing platform, making the effective connection of financial resources and technology resources, in order to achieving the financial development support for science and technology innovation and the new collection platform of science and technology intelligence, Hefei had made lots of efforts. In recent years, the construction of the financial development support for science and technology innovation system has made some achievements in Hefei.But during the development of science and technology innovation in Hefei, there are many factors of conditionality. Government support mechanism is not obvious, direct financial support is insufficient, the multi-level financing system is unsound, the service supervision mechanism of scientific and technological enterprise is imperfect and so on. All these will lead enterprise cannot effectively independent innovation activities, also will limit enterprises’ development scale, hinder technological talents introduction and the government policy implementation. In addition, industry project is difficult to upgrade, etc. The further research on financial development promotes the innovation of science and technology in Hefei has important theoretical and practical significance, it can let us to sort out the role of finance in supporting technology, found the combination of technology and financial issues,clear the deployment of science and technology innovation strategy. We will have summarized the countermeasures and suggestions of financial development can effectively support the science and technology innovation according the internal demand of financial development and the development rule. So that can promote Hefei onto a new path of development and realize the great leap of economic and social development.At first, this paper is based on the analysis of technology and the financial system, the operation mechanism of financial development support for scientific and technological innovation, exploring the Sci-tech Financial model with the characteristic of Hefei, providing a remarkable insight into the risk characteristics and the capital demand scale of the different developmental stages.So that put forward the specific way of financial innovation; Second, analyzing the present situation of scientific and technological innovation, the financial support and financial development support for scientific and technological innovation, which could find out the restriction factors of financial development technological advances in Hefei. Finally, combined with the practical problems in Hefei, this paper reference to the three different technology and financial practice experience such as Hangzhou city, Shanghai Zhangjiang park and Wuhan east lake high-tech zone. Thus could further put forward to increase financial support and promote the development of science and technology of Hefei, constructing the countermeasures and suggestions of financial development can effectively support the technology innovation.