Research on coupling coordination level of Sci-tech finance and technology innovation in Jiangsu province

Based on relevant data of science technology (Sci-tech) finance and technology innovation between 2002 and 2012 in Jiangsu Province, this paper builds a coupling coordination level model to analyse the coupling coordination level of Sci-tech finance and technology innovation in Jiangsu Province. The results shows: (1) Jiangsu Province has a comparatively low coupling coordination level of Sci-tech finance and technology innovation, Sci-tech finance and technology innovation failed to achieve positive interaction and coordinated development. However, the overall coupling coordination level during the study period increased significantly. (2) Sci-tech finance of Jiangsu Province presents a hysteretic situation between 2002 and 2012, which limited the development of science and technology innovation to a certain extent. In order to improve the scale level and efficiency of Sci-tech finance in Jiangsu Province, this paper recommends Peoples´ government of Jiangsu Province to strengthen government guidance and establish a Sci-tech support system, in which banks and financial markets coexist and interpenetrate.