Xu Tianshu, Zhu Tianyi: Suzhou’s Experience in Activating the Development Momentum of Small- and Medium-Sized Sci-Tech Companies Through Scientific and Financial Innovation

Release time:2022-07-12Author: Xu Tianshu, Zhu Tianyi

Activating the development momentum of small- and medium-sized sci-tech enterprises is not only the internal requirement of high-quality development in China, but also the inevitable way for China to break the bottleneck of the global supply chain and achieve the goal of forming a independent, safe and controllable industrial chain. However, a large number of questionnaires show that lack of funds and financing difficulties are still the main obstacles to the development of small- and medium-sized sci-tech enterprises. Although China has carried out many years of scientific and technological financial innovation and exploration, the system of financial support for innovation and entrepreneurship is not perfect, and it is urgent to summarize the financial service mode for the development of sci-tech entrepreneurial enterprises launched locally.


This paper first summarizes the six reasons for the financing difficulties of small- and medium-sized sci-tech enterprises, and then summarizes the experience of Suzhou in technological financial innovation. It believes that Suzhou's practical experience has gradually improved the current financial support and innovation system, established a set of financial service mode that conforms to China's national conditions and is suitable for the development of science and technology start-ups, and greatly promoted the industrialization and large-scale application of new technologies.