Promoting the Healthy Growth and Innovation of Technology oriented Small and Medium sized Enterprises | Technology oriented | Enterprises

Release time:Apr 13, 2024 22:32 PM

Xi Jinping: It is necessary to strengthen the dominant position of enterprises, promote the deep integration of the innovation chain, the industrial chain, the capital chain, and the talent chain of the innovation chain, give play to the leading and supporting role of technology-based backbone enterprises, promote the healthy growth of technology-based small, medium and micro enterprises, and continuously improve the level of transformation and industrialization of scientific and technological achievements, and strive to build An industrial technology innovation center with global influence.

This passage comes from the speech made by General Secretary Xi Jinping during the deliberation of the Jiangsu delegation at the first session of the 14th National people's Congress on March 5, 2023.

Technology oriented small and medium-sized enterprises refer to small and medium-sized enterprises that rely on a certain number of scientific and technological personnel to engage in scientific and technological research and development activities, obtain independent intellectual property rights, and transform them into high-tech products or services. These types of enterprises are subject to review, recognition, and management by the Provincial Department of Science and Technology, and can enjoy preferential support for tax refunds, tax reductions, and technology projects.

Since the 18th National Congress of the Communist Party of China, the policy and service system for promoting the development of technology-based small and medium-sized enterprises in China has been continuously improved, and through continuous optimization of the development environment, it has helped technology-based small and medium-sized enterprises to develop quickly and well. As of the end of 2021, there were 328000 technology-based small and medium-sized enterprises in China; In 2022, the country will increase the implementation of the policy of adding deductions for research and development expenses, and increase the proportion of adding deductions for technology-based small and medium-sized enterprises from 75% to 100%. According to data released by the central bank, at the end of the first quarter of this year, the growth rate of loans to inclusive finance and technology small and medium-sized enterprises was much higher than that of various types of loans. 150800 technology oriented small and medium-sized enterprises received loan support, with a loan acquisition rate of 45.9%. In the notice issued by the General Office of the Ministry of Science and Technology last year on creating a better environment to support the research and development of technology-based small and medium-sized enterprises, it was mentioned that by the end of the 14th Five Year Plan period, a institutional system will be formed to support the research and development of technology-based small and medium-sized enterprises, create an environmental atmosphere for the whole society to support the research and development of small and medium-sized enterprises, and enhance the research and development capabilities of technology-based small and medium-sized enterprises. This clarifies the goal direction for better creating a research and development environment that supports technology-based small and medium-sized enterprises and promoting their healthy growth.

To promote the implementation of major policy measures in the field of technological innovation, various regions have also introduced corresponding measures to assist the development of technology-based small and medium-sized enterprises. For example, Jiangsu Province has launched the implementation of science and technology innovation policies and fund performance audits, focusing on the establishment and effectiveness of innovative enterprise cultivation mechanisms for technology-based small and medium-sized enterprises, high-tech enterprises, and innovative leading enterprises. Zhejiang Province has launched service projects such as "Zhejiang Science and Technology Loan" and "Innovation Guarantee" to support technological innovation in technology enterprises, in response to the problems of difficult, expensive, and slow financing.

It is of great significance for us to leverage the leading and supporting role of technology-based backbone enterprises, create a favorable environment for the growth of technology-based small and medium-sized enterprises, and achieve high-quality economic and social development as our primary task. For technology-based small and medium-sized enterprises that are still growing, we should not only attach great importance to and carefully cultivate them, create a favorable environment for enterprise growth, but also deeply understand and grasp the characteristics and development laws of technology-based small and medium-sized enterprises, provide targeted and on-demand support, support enterprises to play the main role of innovation, and enable them to grow into leading and backbone enterprises from small to large and from weak to strong, continuously improve the level of scientific and technological achievement transformation and industrialization, and provide assistance for building an industrial technology innovation center with global influence.

Special expert for this issue: Zhang Xiaoxi, Institute of Finance, Zhejiang University

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