technology oriented small and medium-sized enterprises because of the high risk, information asymmetry, the financing channels for a single, the lack of financing channels can be butt joint, collateral less investment reasons, the financing has been the bottleneck to restrict the development of technology based smes. Which may mortgage assets less is one of the important causes of the financing difficulties of small and medium sized technological enterprises. As a technology oriented small and medium-sized enterprise's most valuable asset, intellectual property rights and did not play its due ...