处于初创期、成长期的创新型企业,研发投入大,自身盈利能力有限,内源性融资不能满足企业的资金需求。同时由于存在技术不确定性、市场高变动性、经营不稳定性及信息低透明性等问题,企业难以获取商业金融机构信贷支持。政府科技主管部门掌握行业资源,应发挥组织者、协调者、引导者作用,整合金融服务主体,对 In the initial stage, the growth of innovative enterprises, R & D investment, their own profitability is limited, endogenous financing can not meet the financial needs of enterprises. At the same time, it is difficult for enterprises to obtain credit support from commercial financial institutions due to technical uncertainty, high market volatility, unstable management and low information transparency. Government departments in charge of science and technology grasp the resources of the industry should play an organizer, coordinator, guide the role of integration of financial services, the main body of the