Abstract

At present, the new round of scientific & technological revolution and industrial transformation is accelerating. The integration and penetration of information technology, biotechnology, new materials and new energy technologies are driving mass technological breakthroughs in almost all fields, bringing more opportunities for innovation and space for development. Under the background of accelerating scientific and technological revolution and industrial reform, the situation of scientific and technological work at home and abroad is still complex and grave. As an important means to guide enterprises’ scientific & technological innovation in China, high-tech enterprises are an important force to accelerate the transformation from old growth drivers to new ones and promote high-quality economic development. This paper analyzes the status quo and the problems in the cultivation of high-tech enterprises in Shandong Province, such as relatively small overall number of high-tech enterprises, insufficient reserve forces, lack of financing channels and low intensity of research & development investment. The difficulties existing in the process of promoting the cultivation of high-tech enterprises in the Shandong Province are deeply explored in the form of enterprise research and expert interview, the shortage of high-quality intellectual property reserves and financing difficulties faced by enterprises in each growth stage are analyzed, and practical policy suggestions are put forward.

Highlights

  • At present, China’s economy is shifting from the stage of rapid growth to the stage of high-quality development

  • At the Provincial Science and Technology Innovation Conference in July 2020, Liu Jiayi, Secretary of the Provincial Party Committee, pointed out that “the only way to accelerate the transformation from old growth drivers to new ones and realize high-quality development is to promote scientific

  • In 2019, the output value of high-tech industries in the Shandong Province increased by 2.2% year-on-year, and the industrial output value accounted for 40.14% of the industrial output value of regions above designated size, 3.22% higher than that of 2018

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Summary

Introduction

China’s economy is shifting from the stage of rapid growth to the stage of high-quality development. His research showed that policies on fiscal science and technology investment and policies on science and technology capital market could significantly enhance the competitiveness of new and high technology enterprises. Chen Jianli[4] believes that the development of regional science and technology finance can positively stimulate enterprises’ R&D investment and effectively alleviate the R&D financing constraints of non-state-owned enterprises. With the continuous consolidation and enhancement of the dominant position of enterprises’ innovation investment, how to raise funds through multiple channels to increase R&D investment so as to improve the use efficiency of funds and promote the transformation of scientific and technological achievements has become an urgent problem for most high-tech enterprises at present. Chen Zhaohui[9] found that, through the construction of the evaluation index system for the patent financing ability of high-tech enterprises, the technology patent pledge financing of high-tech enterprises can be an effective method to solve the capital shortage of enterprises

The Number of New and High Technology Enterprises Has Increased Significantly
Financing Difficulty of New and High Technology Enterprises
Emerging industries are developing slowly
Findings
Conclusions
Full Text
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