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Financial needs for development of science and technology enterprises: Mergence of various resources

The development of this form of enterprises, however, depends on many factors, particularly the financial ones. This paper is focused on the financial needs for development of S&T enterprises in various stages of development cycles of S&T enterprises. | Financial needs for development of science and technology enterprises: 44 FINANCIAL NEEDS FOR DEVELOPMENT OF SCIENCE AND TECHNOLOGY ENTERPRISES: MERGENCE OF VARIOUS RESOURCES M.Sc. Hoang Van Tuyen National Institute for Science Technology Policy and Strategy Studies Abstract: Science and technology enterprises (S&T enterprises) are considered a new form of producing forces [3] which is a channel for technology transfer, an address for accommodation and adaptation of advanced technologies from overseas sources. Also, S&T enterprises create new jobs and make greater contributions to economic development. In this optics, S&T enterprises have been the object of interests of many policy makers and researchers. The development of this form of enterprises, however, depends on many factors, particularly the financial ones. This paper is focused on the financial needs for development of S&T enterprises in various stages of development cycles of S&T enterprises. Keywords: S&T enterprises; Enterprise finances. Code: 14081201 1. Conceptual aspects of science and technology enterprises Recently there exists numerous concepts used to define the so-called S&T enterprises. For example, they could be: new technology based enterprises (Autio, 1997, 1998; Fontes & Coombs, 2001); small - medium size new technology based enterprises (Dahlstrand, 1999); technology intensive small size enterprises (Keeble et al., 1998); high tech small - medium size enterprises (Oakey, 1991); new type of enterprises developing new products on basis of knowledge and presenting high competences in natural science technical science units (Candi & Saemundsson, 2011); new and small size R&D based enterprises (Maine et al., 2010). In addition to them, some researchers note a concept of indicators to present development cycles of enterprises (which may be 3, 5, 8, years or more). Some research works use the rate factor of R&D staffs to the total staffs of enterprises (which may be namely about 30%). It is