SMEs Innovation Policy Analysis Of Synergy Mechanism And Performance Research

Theory and practice of long-term studies have shown that innovation has become theimportant source of inspiration to promotion of economic growth and sustainabledevelopment. Since the reform and opening practice of economic development indicates thatsmall and medium-sized enterprises have become the main force of the long-term sustainableeconomic development in our country. The depth research of innovation policy for SMEs, toexplore the relationship between the innovation policy and economic performance of smalland medium-sized enterprises, make the policy formulation department to develop innovationpolicies conducive to the development of small and medium-sized enterprises become hottopics in the study of many scholars in the near future.This study includes innovation policy as a financial, tax, financial and other complexpolicy system policies and policy system in a variety of policy not exist in isolation, separaterole, but through some mutual contact to play its synergy. Policy and policy objectives arelinked by innovation policy instruments. Innovation policy instruments can be divided into sixcategories: financial incentives, tax incentives, financial support, government procurement,intellectual property protection and education training, focuses on six major policy tools forpromoting the mutual relationship between SMEs in economic development.This article from the perspective of innovation policy instruments to measure therelationship between innovation policy and the economic performance of SMEs. On the basisof innovation policy analysis, set up new model to measure the relationship betweeninnovation policy synergy and economic performance. Using the2001-2011in16provincesdata on the relationship between innovation policy coordination and the economicperformance of SMEs has carried on the empirical research.Measurement results show that almost all of the cooperation between policy tools toimprove enterprise’s economic performance to a certain extent; An increase in the number ofinnovation policy and policy strength enhancement can make significant contribution toeconomic performance indicators; Fiscal incentives and financial support two kinds of policytools can make significant contribution to economic growth; The synergy of innovation policytools between the two has significant effect on economic growth, and financial support canplay the strongest synergy when interact with other policy tools, financial support is apowerful tool to promote economic growth.