Research On Financing Model Innovation For Small And Medium Sized Enterprises Of Science And Technology In Zhejiang

Small and mediumsized enterprises(SMEs)of science and technology are an important part of China's economy,play important rolefor promoting the strategic readjustment of the economic structure.They have most effect on promoting independent innovation and industrial restructuring.However,most small and mediumsized enterprises of science and technologyhave the characteristics of small size,light assets and low credit rating,which make it difficult for them to solve the enterprise financing problems through traditional financing channels.Therefore,how to effectively solve the financing problems of SMEs of science and technology has become a key issue for the development of SMEs in science and technology.Zhejiang has a large number of small and mediumsized enterprises of science and technology.Taking Zhejiang's small and mediumsized enterprises of science and technology as an example,combined with its development characteristics and financing status,analyzethe methods and suggestions to solve financing problems of small and mediumsized enterprises of science and technologywiththe technology-based SMEs themselves,financial institutions and government policies.Firstly,this paper introduces the basic definition and characteristics of SMEs of science and technology through literature research methods,expounds the financing theory and financing features of SMEs of science and technology.Secondly,it describes the current situation,the financing statusand the main financing way of SMEs of science and technology in Zhejiang.Thirdly,according to the current financing status for SMEs of science and technologyin Zhejiang,analyze the main reasons that affect the financing difficulty ofSMEs of science and technologyin Zhejiang,for example,large investment in research and development,long capital cycle,large market risk,small scale,low credit rating and so on.The traditional financing channels to limit the financing efficiency of SMEs of science and technology also are studied.Based on this,the paper finally analyzes the traditional financing channels,combined with the new Internet finance technology,which can improve the financing environment and the financing efficiency of SMEsof science and technology.According to the financing status and characteristics of SMEs of science and technologyin Zhejiang,the optimization strategies of financing channels forSMEsof science and technology are put forward from the perspective of enterprise itself,government,financial institutions to improve the financing environment of SMEs of science and technology.Based on the financing status quo and characteristics of SMEs of science and technology in Zhejiang Province,this paper puts forward the optimization measures of financing channels for SMEs of science and technology from the perspective of enterprises themselves and the government support.It is of great significance to alleviating the financing problems and innovating financing channels for SMEs of science and technologyin Zhejiang.Finally,take H company of Hangzhou Hi-tech Zone in Zhejiang as an example to analyze its financing process,and provide reference for the effective solution of financing difficulties for SMEs.