基于政府支持的科技担保缓解科技型初创企业融资难问题的研究

融资难问题已成为制约科技型初创企业发展的最大难题,杭州市于2009年创新推出基于政府支持的科技担保——"天使担保"模式,通过国有担保公司担保、银行贷款、风险共担的市场机制将财政科技投入与金融资本有效对接,降低了科技型初创企业贷款门槛。对2009年获得天使担保的66家科技型初创企业的问卷调查结果显示,天使担保已取得较明显成效,有效地解决企业发展的资金缺口,降低企业融资成本,提高了企业发展速度和质量。

Mitigation of Financing Difficulties of Science and Technology Start-ups with the Government Supporting Science and Technology Security

Financing problem has restricted the developing of science and technology start-ups.Hangzhou launched science and technology security mode with the supporting of government in 2009-The Angel Guarantee.The government provide guarantee venture allowances to science and technology start-ups instead of direct free allowances.By the ways of security guarantees,bank loans,the market mechanism of risk-sharing,government investment in S&T can effectively connecte with the financial capital,reducing the threshold of science and technology start-ups’ business loans.Based on the investigation of 66 start-ups,we find angel guarantee has made significant results.That can effectively solve the funding gap for enterprise development,and reduce financing costs,improve speed and quality of enterprise development.