Construction Of Jiangsu Life Science And Technology Innovation Park Financing Platform

Science and technology innovation park influence the development of entrepreneurial enterprises,vice verse.The park enhancing the influence relies on entrepreneurial research and development achievements.Entrepreneurial enterprises come into the park through a wide range of services and admission from park.At the same time,the pace of development of start-ups requires a lot of money as its material basis.Therefore,the park introduce industrial funds,government subsidies,science and technology bank loans and other funding for the start-up enterprises,there are still more entrepreneurial enterprises can not melt the phenomenon of funds.That is,the park can not use their own grasp of the advantages of information to solve the problem of lack of funds to enter the park,which will further reduce the park and park enterprises in the development process.In view of this,this paper intends to build a park financing platform as a bridge between the park and the park enterprises and external investors to meet the financing needs of the park and park enterprises.In this paper,the financing platform and start-up enterprises equity financing and debt financing of the relevant literature systematically reviewed and combed.The Jiangsu Life Science and Technology Innovation Park is the subject of study.Carrying out statistical data through issuing research questionnaire.Analyzing The basic situation of the park and the park enterprises and the status of financing according to research data.Making the Pearson correlation analysis between the park enterprises in the stage,asset size,industry characteristics,performance,demand conditions and the way.Then,it analyzes the financing difficulties faced by the park and the enterprises in the three aspects of government,claims and equity.Thirdly,this paper summarizes the financing difficulties and the reasons,and puts forward the framework of building the financing platform of Jiangsu Life Science and Technology Innovation Park,which is divided into platform structure,function,operation process and organization design.Finally,this paper gives the park financing platform in the policy,personnel and financial support in three areas to protect the effective operation of the platform.The main conclusions are as follows:(1)the proportion of internal financing within the park,indirect financing to occupy the main part of external financing,venture capital for biomedical enterprises have an important role;(2)The financing difficulties of the enterprises in the park are mainly due to over-reliance on government subsidies,insufficient credit and equity financing,and at the same time,they do not match their financing needs in terms of stage,time and cost.(3)The financing difficulties of the enterprises in the park are mainly caused by the external environment and internal characteristics,the information asymmetry between the banks and the enterprises,the cost income does not match,the venture capital is insufficient,the exit mechanism is imperfect;(4)the park financing platform should be targeted at the different stages of the park enterprises in different ways of funding.