Research On Financial Support System For Technical Innovation Of SMEs

From the beginning of 21st century, along with the Globalization unceasing deepening and the science and technology high-speed development, the technical innovation has been the key factor that decides enterprise success or failure in the market competition. It has been proved that technical innovation is the fountain of economy grows and is the exhaustless power which enterprise gains the competitive advantage and realizes the sustainable development by various countries economy development practice. The small and medium-sized enterprises (SMEs)is a kind of important strength for national economy development .The importance of the SMEs's technical innovation in enhancing our country industry competitive power and promoting economy growth way transforms have already become the mutual recognition, in particular ,in the foundation innovation country, in the process which the technical innovation and the industrial technology promoted unceasingly, the SMEs was acting the role which could't be substituted. But because lacking the effective financing way, the SMEs's technical innovation faces the serious fund to be short. Addressing the question of SMEs technical innovation financing difficult has been a topic causing the universal attention of various countries' governments, Chinese and foreign academic circles and the business community.The paper selects the representative SMEs to investigate and study in Qingdao, unifies mass data and The investigation reports, constructs the financial support system for technical innovation of SMEs. All this is done to solve the problems below: Firstly, what is the reason for SMEs technical innovation and the Characteristics;Secondly, how to construct financial support system for technical innovation Of SMEs; Thirdly, the enterprise should adopt what kind of financing strategy, in the different technical innovation stage.Firstly,this paper analyzes the reason for SMEs technical innovation and the Characteristics, makes the system analysis of the SMES technical innovation financing present situation, points lacking the fund is the primary factor of restricting SMES technical innovation ,and has carried on the thorough analysis from the economic angle to the SMES technological innovation financing difficult position.Secondly, in the foundation of tradition enterprise technological innovation stage division theory, this paper divided technological innovation process of SMES into the research development (seed period) and the scale investment and the volume production (expansion period) two stages, financing characteristic of SMEs technical innovation various stages, proposed the financing strategy of SMEs technical innovation various stages which as the reference.The center part of this paper is the constructing of financial support system for technical innovation of SMEs, including seed period and the expansion period two stage financial supporting system, which absorbing the experience of financial support system for technical innovation of SMEs of the developed country, in which it proposes several new financing ways: the science&technology insurance, setting up bank of the SMEs's technical innovation, the government purchases anticipated, believes might have the help to SMEs technical innovation financing.