Abstract
In order to achieve the fusion of innovation chain and fund chain in strategic emerging industries, improve industrial innovation performance, and realize capital appreciation, based on the connotation and structural characteristics of the two chains, this research analyzes and summarizes the fusion mechanism from three aspects, including the elements, the process of fusion as well as the law of evolution. After research, it is found that the fusion of the innovation chain and fund chain is to integrate on the basis of synergy, then, deepen the synergy and form a spiral system. Lastly, from the point of view of fusion elements, a strategy which can promote the incorporation of the two chains is proposed. This research can be regarded as a reference for the fusion development of the innovation chain and fund chain in strategic emerging industries.
Highlights
Innovation is the first driving force of development and the strategic support for building a modern economic system
Based on the existing related research materials, this paper explains the fusion mechanism by analyzing the fusion elements of the strategic emerging industries innovation chain and fund chain, the fusion process and the evolutionary law of the fusion, and comes up with some strategies to accelerate the fusion of the two chains from the perspective of the fusion elements, as well as provides a decision-making reference for the fusion development of the strategic emerging industries innovation chain and fund chain
When it comes to the promotion of capital allocation of the innovation chain, Zheng Wenfan (2019) found that the allocation of capital chains that focuses on the innovation chain helps to promote scientific and technological innovation activities [7], which is conducive to cracking down upon the "islanding phenomenon" in scientific and technological innovation and improving the efficiency of technological innovation [8]
Summary
Innovation is the first driving force of development and the strategic support for building a modern economic system. Strategic emerging industries such as new energy, energy conservation and environmental protection, newgeneration information technology, biotechnology and high-end equipment manufacturing, which have huge development potential and play an overall driving and leading role for the economy and society, are the main battlefields for technological innovation. Innovation chain is the core chain of the strategic emerging industries. The fund chain plays a supporting role in the stable operation of all links in the strategic emerging industries innovation chain as well as the development of industrial operations. Based on the existing related research materials, this paper explains the fusion mechanism by analyzing the fusion elements of the strategic emerging industries innovation chain and fund chain, the fusion process and the evolutionary law of the fusion, and comes up with some strategies to accelerate the fusion of the two chains from the perspective of the fusion elements, as well as provides a decision-making reference for the fusion development of the strategic emerging industries innovation chain and fund chain
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