科技型企业发展一般分为孵化期、成长期和成熟期三个阶段，孵化期前景不明朗很难获得投资，成长期企业开拓市场往往需要高收益债务融资工具，成熟期企业由于具有广泛的市场认同和稳定的现金流，可以吸引较为稳定的银行信贷资金。

The development of science and technology enterprises generally fall into the incubation period/Growth period and mature period three stages,Incubation period prospect unclear investment can be difficult to obtain,Growth enterprise market often require high yield debt financing tool,Mature enterprise due to the wide market recognition and stable cash flow,Can attract more stable bank credit funds.

　　我们要建立创新导向的金融政策体系，建立多层次金融机构体系，形成商业银行、证券、保险、风投等多元化金融业态；建立多元化金融市场体系，规范发展创业板市场、中小板市场，引导资本向创新领域聚集，发展债权市场，完善金融风险分散机制。

We should establish innovation oriented financial policy system,Set up multi-level financial institution system,Form a commercial bank/securities/insurance/Wind is cast diversified financial format;Establish a diversified financial market system,The normalized development of gem market/Small and medium-sized plate market,Guide the capital to the innovative field gathered,Development debt markets,Perfecting financial risk disperse mechanism.