Innovation Study on Financing Strategies of High-Technology SMEs

With the characteristics of high-technology, innovation, and fast development, high-tech small and medium-sized enterprises (SMEs) play a huge role in strengthening international trade exchanges, expanding local employment, accelerating technological innovation and maintaining sound yet rapid economic growth, etc. However, the financing problems have commonly existed through the development of high-tech SMEs. The fact that the SMEs are short of funds makes it difficult to industrialize high-tech products, let alone its rapid development. On a basis of full investigation, this paper gives a detailed analysis of the financing properties and financing difficulties of high-tech SMEs, and conducts innovative research on financing strategies from trilateral cooperation among enterprises themselves, financial institutions and the government.