Investment value assessment model of the National Critical Technology based on independent innovation

With deepening of international competitions of science and technology, China wakes up to the importance of National Critical Technology in economic development, social progress and national defense security, and regards independent innovation capability of National Critical Technology as the core of national competitiveness. Therefore, China´s urgent tasks is to research and develop national critical technologies based on independent innovation. This paper adopts real option method, sequential investment decisions theory and NPV method to create the investment value assessment model of independent innovative national critical technology based on income approach, and conducts some tentative researches on the theory and method of the independent innovation model.