At present, the definitions of technology and finance are not uniform. The most authoritative definition is that of Zhao Changwen, former vice president of Sichuan University, in the book Science, Technology and Finance. Technology and finance is a systematic and innovative arrangement of a series of financial instruments, financial systems, financial policies and financial services to promote the development of science and technology, the transformation of achievements and the development of high-tech industries. It consists of various subjects such as government, enterprises, market and social intermediary institutions that provide financing resources for scientific and technological innovation activities and their behavior activities in the process of financing scientific and technological innovation.
If we abandon these complicated financial languages, science and technology and finance can be simplified into a multi-party resource system that serves science and technology enterprises and the development and innovation of scientific and technological achievements.
Participants in technology and finance mainly include the government, non-profit organizations, enterprises and social intermediaries. Among them, the government plays an important role. The government not only directly subsidizes scientific and technological enterprises, venture capital companies and the establishment of scientific research institutes, but also sets up funds in limited industrial fields, such as scientific and technological achievements transformation funds (referred to as scientific and technological transfer funds), incubation funds and industrial investment funds.
Simply put, there are more scientific financial products.