Core Viewpoint - The introduction of the "Science and Technology Innovation Bonds" (referred to as "Sci-Tech Bonds") is a significant initiative by the exchange bond market to support the national innovation-driven development strategy and industrial transformation [1][2] Group 1: Importance of Sci-Tech Bonds - The establishment of a market mechanism for Sci-Tech Bonds is crucial for promoting a high-level circulation of "technology-industry-finance" and better serving the national innovation-driven development strategy [1] - The number of technology innovation enterprises in China is increasing, playing a vital role in the transition from old to new growth drivers, thus providing strong support for high-quality economic development [1] Group 2: Challenges Faced by Enterprises - Despite the growth of technology innovation enterprises, they still face funding shortages during their development or transformation processes [1] - The timely introduction of Sci-Tech Bonds has alleviated the funding challenges faced by these enterprises, acting as a beneficial support mechanism [1] Group 3: Flexibility and Efficiency of Fund Utilization - The funds raised through Sci-Tech Bonds can be utilized flexibly for various purposes, including R&D investment, project construction, mergers and acquisitions, operations, and equity contributions [2] - Sci-Tech Bonds allow for the replacement of prior investments, enhancing the efficiency of fund utilization and enabling precise support for the technology innovation sector [2] Group 4: Impact on Technology Innovation - By addressing the funding difficulties of enterprises, Sci-Tech Bonds effectively guide various financial resources towards the technology innovation sector, thereby energizing the development of Sci-Tech enterprises [2] - The issuance of Sci-Tech Bonds is becoming an important means to promote technological innovation and high-quality economic development, with significant growth potential and prospects [2]

Core Viewpoint - The Shenzhen Municipal Science and Technology Innovation Bureau and the Shenzhen Municipal Finance Bureau have released the "Management Measures for Central Guidance Funds for Local Science and Technology Development," aligning with national policies to enhance funding usage and project support methods [1][2]. Group 1: Management Measures Overview - The "Management Measures" consists of seven chapters and 33 articles, covering general principles, management responsibilities, support directions, project organization, fund usage, budget performance, and supervision [1][2]. - Central guidance funds are intended to support Shenzhen in implementing national innovation-driven development strategies and optimizing the regional innovation environment [1]. Group 2: Funding Support and Usage - The revised funding support methods include direct subsidies, post-subsidies, and reward-based subsidies for major technology tasks, regional innovation system construction, and basic research [2]. - For technology achievement transfer and transformation, funding will utilize risk compensation, post-subsidies, and venture capital guidance [2]. - The science and technology department can delegate project management and fund supervision to affiliated institutions as needed [2]. Group 3: Fund Management Regulations - The "Management Measures" implements a "negative list" management approach to regulate fund usage [3].

左丁表示，深圳技术大学成立技术经理人学院，对培养专业化国际化技术转移人才，促进技术成果资本 化产业化，提升创新体系整体效能具有重要意义，有利于更多技术成果从实验室走向市场，实现创新链 与产业链"双向奔赴"，落实好国家创新驱动发展战略。深创投将与高校、企业、金融机构、政府部门一 道，协同为科技成果转化提供全方位服务。 第二，风投创投是技术成果转化的最佳合伙人。技术成果从1到10再到100的过程中，周期长、风险高、 投入大，跨越"死亡之谷"的挑战巨大。风险投资作为促进科技创新与产业创新深度融合的耦合器，在价 值发现、风险共担、利益共享方面非常契合成果转化的特点。大湾区是全国风险投资的集聚地，基金规 模、投资数量等各项数据都位居全国前列，投早、投小、投长期、投硬科技成效显著，助力了一大批先 进技术成果转化和产业化，发现并成就了众多科技领先企业。 第三，高校院所是技术成果转化的最佳策源地。成果转化的质量高低关键在于成果的原创性和市场的适 应性。大湾区市场化程度高，开放型经济活跃，改革红利不断释放，营商环境优良，造就了大湾区高 校、院所既是成果转化的一手创造者，也是市场应用的重要推动者。大湾区众多高校院所在人工智能、 ...