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Science & Technology Strategy and Policy

Debut Economy and Low-altitude Economy: Sci-tech Finance  Support Paths from a Collaborative Innovation Perspective 

Zhang Yifan1 , Lu Minfeng2

(1.School of Law, Nanjing University of Finance and Economics, Nanjing 210003, China; 2.Shanghai Institute of  Sci-Tech Finance, Shanghai University, Shanghai 200444, China）

Abstract: This paper aims to explore the support paths of science and technology finance (scitech finance) for the development of debut economy and low-altitude economy from a collabora tive innovation perspective, employing the theoretical framework of new quality productive forces  to optimize the allocation efficiency of technological innovation and financial resources. As  China's economy transitions and upgrades, the debut economy, with its focus on technological pioneering and service innovation, and the low-altitude economy, based on the opening of lowaltitude airspace and advancements in aviation technology, have emerged as new engines driving  high-quality development. However, both areas face challenges, including an imperfect financial  support system, low resource allocation efficiency, and insufficient collaborative capabilities. In  terms of research methods, this paper adopts a combination of literature review, comprehensive  analysis, and case studies to systematically review domestic and international research on scitech finance, the debut economy, and the low-altitude economy. It constructs a logical model and  an implementation framework for the collaborative development of sci-tech finance in support of  the debut and low-altitude economies. Based on this, specific paths are proposed, including estab lishing multi-tiered collaborative innovation platforms, deepening synergies between R&D invest ment and financial resources, optimizing policy environments, and refining differentiated finan⁃ cial service models, to overcome the shortcomings of the existing sci-tech finance support system. The research results indicate that sci-tech finance plays a crucial role in the development of the  debut and low-altitude economies, effectively promoting the deep integration of technological in novation and financial capital, accelerating the transformation of scientific and technological  achievements, and driving the optimization and upgrading of economic structure. By constructing  collaborative innovation platforms to achieve efficient flow and sharing of scientific and techno logical resources, the collaborative innovation capabilities of the debut and low-altitude econo mies can be significantly enhanced. Simultaneously, optimizing the efficiency of sci-tech finance  resource allocation and improving differentiated financial service models can provide more pre⁃ cise and effective financial support for technology enterprises at various stages of development. This study has important theoretical and practical significance. At the theoretical level, it deep ens the relationship between collaborative innovation and new quality productive forces, constructs a  systematic theoretical framework, and provides a new perspective for sci-tech finance to support the  development of emerging economic forms. At the practical level, the support paths and strategies pro⁃ posed in this paper provide a reference framework for policymakers, contributing to the improvement  of the sci-tech finance system and promoting the collaborative development of the debut and lowaltitude economies, thereby injecting new impetus into China's modernization drive. 

Key words: collaborative innovation; debut economy; low-altitude economy; sci-tech finance; new quality productive forces