The Research Of High-tech Start-ups Financial Service Mode From The View Of High-tec Park

It cannot be avoided that how to provide appropriate financial services to high-tech start-ups. This paper constructs a system which includes Technology Park, loan institutions, equity investment institutions, incubators and venture companies. Based on the perspective of the high-tech park, from the view of system analysis, we discuss the will of the parties involved in cooperation, evaluate costs and benefits of all parties, discuss cooperation of financial services model.The analysis starts with start-up companies which can produce profits, the equity investment institutions focus business model and long-term benefits; Loan servicer focus the ability to repay and recent earnings; Incubator and enterprise as one of the pre-tied operators and it will balance short-term and long-term gains; Technology Park, especially state-owned park, want to integrate resources and provide policy support to support companies to develop and grow. The interests of both parties involved are in the conflict while are also consistent, they constitute a complex game theory system. The park how to coordinate the game, how to measure income and how to distribute benefits to ensure the long-lasting cooperation, all of these are all included in this paper, the specific chapters are as follows:In the first chapter, literature reviews are summarized of Technology Park, High-Tech Venture financing, investment and loan linkage and incubators etc.;In the second chapter, we discuss the demand of financial services from high-tech start-ups and financial services currently provided by the parties. Based on the discussion, this chapter found the gaps between the demand and current situation and point out the direction of development;The third and fourth chapters focus the research of linkage between investment, loan and incubation. These two chapters study abroad mainstream financial services modes, and compared these modes to find each strengths and weaknesses;The fifth chapter wants to create a model of linkage between investment, loan, incubation and star-ups, and use multi-cooperative game shapley value method, which is commonly used in this games to measure the profits and give proposals in cooperation.The sixth Chapter promote the model to use. In this chapter Zhangjiang Hi-Tech Park was selected as an example of the analysis. Zhangjiang Group’s investment, loan and incubation were integrated, conceived and implemented its organizational structure.the most important innovations of the full text focus on two aspects: Firstly, this paper put forward the linkage of investment, loan, incubation and star-puts companies, further analysis the cooperative game theory between them. And, this paper bring shapley value model to compute profits. Secondly, the paper really bring the pattern into actual operation. It has some of the theoretical and practical significance.