Abstract:Science and technology innovation vouchers are science and technology vouchers designed and issued by the government for micro, small and medium-sized enterprises. In order to improve the capacity of science and technology innovation and perfect the science and technology industrial policy, Shanxi Province started the work of science and technology innovation voucher in 2016. After several years of implementation, the science and technology innovation voucher policy has entered a period of deepening exploration. The article analyzes the management mode of science and technology innovation vouchers in Shanxi Province in terms of operation mechanism, government agencies and responsibilities, service targets and scope of application, issuance and redemption process, and supervisory measures, and summarizes the effectiveness of the vouchers since the implementation of the policy in improving the efficiency of the use of government funds for science and technology, introducing a new mode of allocation of government resources for science and technology, balancing the pattern of allocation of government resources for science and technology, reducing the pressure on the innovation funds of micro, small and medium-sized enterprises and promoting the integration of industry and research. In view of the problems found in the implementation process, the causes were analyzed from six aspects, namely, the publicity and interpretation of the policy on science and technology innovation vouchers, the audit of the innovation result report, the encashment cycle, the rules applicable to the science and technology innovation vouchers, the matching of the information on the supply and demand of scientific and technological services, and the enthusiasm of the participation of the university faculty, and corresponding countermeasure suggestions were put forward.