Abstract
SMEs in the incubation are the main innovation of a nation, and the new product is not without SMEs technology innovation. It is not only the theoretical but also practical significance that SMEs in the Incubation develop strongly for economic growth and technology innovation, but as the normal SMEs, they also face the financial support difficulty or more others. This paper analyses the financial demand characters of SMEs in the incubation based on the theory of business life cycle. The conclusion is that different development phases need different financial support because SMEs in the incubation face different financial cycles. The financial support system is set up to fit the cycle needs of SMEs in the incubation, and then the suggestions are illustrated. The results can be the reference for the problems of financial support for SMEs in the incubation.
Highlights
Business incubator is the important platform for SMEs developments and technology innovation
It is physical space for the business enterprise, sharing platform for business support services and vector for supporting enterprises starting and developing, so it is of great significance for employment, local economic growth and foreign investment
Business incubator is the service centers providing with physical space and infrastructure and a series of service support to reduce start-up costs and risk, improve the success rate of entrepreneurship and promote scientific and technological achievements, so the SMEs can develop and growth fast
Summary
Business incubator is the important platform for SMEs developments and technology innovation. It is physical space for the business enterprise, sharing platform for business support services and vector for supporting enterprises starting and developing, so it is of great significance for employment, local economic growth and foreign investment Business incubator services as intermediary agent to strive for government finance besides supporting business itself They strive for low interest loan, stock and project investment from bank, venture capital institution guaranteeing by incubators’ credit and capital. -called SMEs in the incubation are those in the start-up stage and developed relying on certain environment Those enterprises have so great financial gap that their development are restrained because of their high technology, less capital and greater risk. It hopes that this study can be helped for SMEs finance difficulties
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