Yu Qing.
Most people are familiar with the "technical version" of Watt's improved steam engine, but the "entrepreneurial version" of this story may not be familiar to them. In fact, the process of improving the steam engine is also the history of Watt's entrepreneurship, he suffered repeated setbacks in entrepreneurship, but in the end he was able to continue the funds by relying on the investment and issuance of others, and completed the key technological innovation in the industrial revolution. Watt's "Entrepreneurial Edition" story is about the close relationship between technological innovation and finance.
Financing difficulties have always been a common problem faced by small and medium-sized technology enterprises. Taking the most common type of loans as an example, traditionally, commercial banks have determined the loan amount based on the value of the collateral, while technology companies tend to focus on R&D and light on assets. To solve this contradiction, financial institutions should not only look at the "capital flow" of enterprises, but also look at the "technology flow". The "0 to 1" of scientific and technological innovation is a leap breakthrough, and the "0 to 1" breakthrough of science and technology finance especially needs to change thinking and strengthen confidence. Of course, risk control is needed behind confidence, and the premise of risk control is to understand the value of technology. In layman's terms, it is "not looking at bricks to see patents". "Bricks" are assets that represent the accumulation of the past; "Patents" are technical strengths that reflect future expectations for innovative outcomes.
At present, the province's innovation-driven, science and education province, talent strong province strategy is implemented in depth, the "three-legged" scientific and technological innovation pattern is accelerating, and it is necessary for science and technology finance to give full play to the role of "gas station" on the journey of innovation. The Provincial Party Committee's Financial Work Conference held on February 1 proposed to focus on key directions, do a solid job in the "five major articles" of science and technology finance, green finance, inclusive finance, pension finance, and digital finance, and use more financial resources to promote scientific and technological innovation and support major strategies. Improving the quality and efficiency of financial services and promoting science and technology finance to a new level will greatly help our province to increase the "throttle" of scientific and technological innovation and accelerate innovation-driven high-quality development.