科技金融支持企业科技创新的理论逻辑、现实问题和实践路径——兼论政策性科技金融和商业性科技金融

Theoretical Logic, Practical Problems and Practical Path of Science and Technology Finance to Support Enterprises" Science and Technology Innovation-- An overview of Policy-based and Commercial Science and Technology Finance

摘要:

科技金融是通过金融资源支持全生命周期企业科技创新,进而推动形成科技创新产业的制度安排。根据支持企业科技创新的模式差异,科技金融可以划分为政策性科技金融和商业性科技金融,两者相互配合实现企业科技创新全生命周期融资的循环畅通。然而,当前存在部分领域政策性科技金融和商业性科技金融之间业务模式混淆,结构失衡以及科技金融产品供需衰弱等现实挑战。只有准确理解科技财政、政策性科技金融和商业性科技金融的内涵,确保企业科技创新全生命周期的融资安全,有效调控企业科技创新的潜在风险,才能真正保障科技金融对企业科技创新的推动作用。

Abstract:

Science and technology finance is an institutional arrangement that supports the scientific and technological innovation of enterprises throughout their life cycle through financial resources, thereby promoting the formation of scientific and technological innovation industries. According to the differences in the modes of supporting enterprises" science and technology innovation, science and technology finance can be divided into policy-based science and technology finance and commercial science and technology finance, and the two cooperate with each other to achieve a smooth cycle of financing for the whole life cycle of enterprises" science and technology innovation. However, there are real challenges such as confusion between the business models of policy-based and commercial science and technology finance in some areas, structural imbalances, and weakened supply and demand for science and technology finance products. Only by accurately understanding the connotation of science and technology finance, policy-based science and technology finance and commercial science and technology finance, ensuring the security of financing for the whole life cycle of enterprise science and technology innovation, and effectively regulating the potential risks of enterprise science and technology innovation, can we truly guarantee the role of science and technology finance in promoting enterprise science and technology innovation.