随着知识经济的崛起,高科技企业大量涌现,但目前国内高科技企业普遍面临资金短缺的局面。以广州为例,广州的高科技企业已达1600多家,但企业普遍规模偏小,产值超10亿元的还没有一家。技术已成熟并进入市场扩张阶段的科技项目取得银行贷款还相对容易,而大量处于小试到中试阶段,即掌握了尖端技术但市场前景不明朗的“青春期”企业,一般是无形资产大,固定资产少,资产变现能力差,从而造成贷款担保难、抵押难,银行信贷比较谨慎,尚处于“孵化期”的项目更是乏人问津。实际上,发展高新技术是高风险的行业,投资的成功率比较低,但同时也伴随着高回报,高科技企业应该适当回避自己的缺点,充分利用自己的长处,即无形资产大,将无形资产纳入资本市场,以期变成无形资本融资。 With the rise of the knowledge-based economy, high-tech enterprises have emerged in large numbers, but at present domestic high-tech enterprises generally face the problem of shortage of funds. To Guangzhou, for example, Guangzhou has reached more than 1,600 high-tech enterprises, but generally small-scale enterprises, the output value of over one billion yuan is not a home. Technology projects that have matured and entered the phase of market expansion are still relatively easy to obtain bank loans. However, a large number of “adolescent” enterprises that have mastered cutting-edge technologies but have uncertain market prospects are in large numbers because of their large intangible assets, Less fixed assets, poor liquidity of assets, resulting in difficult loan guarantees, mortgage difficult, more cautious bank credit, is still in the “incubation period” of the project is the lack of attention. In fact, the development of high-tech is a high-risk industry. The success rate of investment is relatively low, but accompanied by high returns, high-tech enterprises should appropriately avoid their own shortcomings and make full use of their strengths. In other words, intangible assets will be invisible Assets into the capital market, with a view to becoming intangible capital financing.