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高科技小企业是高新技术产业的基础,代表和体现着新的经济增长点和新经济发展方向。然而,高科技小企业大多是科技成果转化的结果,具有较大的脆弱性和风险性,在其创业与成长阶段面临诸多困难;其中,资金短缺是大多数高科技小企业发展的最大瓶颈。由于高科技小企业的高风险性,一般难以得到正常信贷资本支持;同时,处于创业和发展阶段的高科技小企业,也难以产生足够的现金流量支撑企业自身循环。因此,各国政府都出台了一系列融资优惠政策,采取了建立风险投资公司,建立信贷担保基金等具体措施,支持高科技小企业创业和发展。近几年来,上海市成立了众多风险投资机构。但在实践中我们发现,很多风险投资基金或公司手持资本找不到理想的投资对象,而众多高科技小企业资金依然紧缺。这种矛盾现象促使我们思考这样一个问题——
High-tech small enterprises are the foundation of high-tech industries, representing and embodying new economic growth points and new economic development. However, most small and medium-sized high-tech enterprises are the result of the transformation of scientific and technological achievements. They have greater vulnerability and risk and face many difficulties during their start-up and growth stages. Among them, the shortage of funds is the biggest bottleneck in the development of most high-tech small enterprises. Due to the high risk of high-tech small enterprises, it is generally difficult to obtain normal credit capital support. Meanwhile, high-tech small enterprises in the stage of undertaking and developing small and medium-sized enterprises are not able to generate sufficient cash flow to support their own cycle. Therefore, governments of all countries have introduced a series of preferential financing policies and adopted specific measures such as establishing venture capital companies and establishing credit guarantee funds to support the start-up and development of high-tech small enterprises. In recent years, many venture capital institutions have been established in Shanghai. However, in practice, we find that many venture capital funds or companies holding funds can not find the ideal investment target, and many high-tech small enterprises are still in short supply. This contradiction prompted us to think about such a problem -