Research On Guide And Support From Financial Institutions To Innovation Of Science And Technology

The key of deciding a country’s level of science and technology innovation is to form acomplete the mechanism of innovation promotion. Finance plays a vital role in mechanism ofinnovation promotion. Therefore, research on the relation between financial and technologicalinnovation and the specific mechanism has important theoretical value. The problem of lack ofcapital is the main factor of restricting the development of science and technology enterprises andthe sustainable promoting of innovation ability. Financial institution is the nerve center of fundsallocation. Weather it can effectively guide the capital to support technological innovation is thekey to the realization of innovation. However, the construction of our current financial supportsystem of science and technology is facing many difficulties. Detailed investigation and rationalanalysis on the realistic national conditions to our financial support system of science andtechnology and the existing problems are of great significance to the future construction.The article combing the related literature on the financial development of science andtechnology, systematically summarizes the inspiration of the innovation theory, the financialdevelopment theory and technology and finance theory to our construction of financial system ofscience and technology. It emphasizes the theory on financial support of science and technologyinnovation. Base on that, it analyzes the current condition and existed problems at all levels ofeconomic finance, politic finance, private-equity investment, financial capital market, financialinsurance service, which are the financial support system of innovation of science and technology.To solve those problems, it learns from the successful experience of national financialdevelopment of science and technology from domestic high tech development zone like Beijing,Shanghai, Chengdu and foreign countries like American, Japan, Germany, etc. Besides that, italso proposes suggestion to promote our current financial support of scientific and technologicalinnovation on the scientific orientating of government and reasonable policy guidance,strengthening the power of commercial financial support, developing leverage effect of policyfinancial support, accelerating the development of private equity investment, actively building amulti-level financial support capital market, completing the financial insurance andfinancial guaranty system, cooperatively cultivate the good financial environment of technologyfinance.