Abstract

The integration of financial resources with technological innovation is essential for driving economic growth and fostering social development. This review explores the mechanisms through which Finance for Science and Technology (FST) supports technological advancements, entrepreneurship and industrial transformation. By analyzing the impact of financial support on innovation, industrial transformation, and financial sector evolution, this review highlights the pivotal role of FST in the technology commercialization, new productivity development and high-quality growth of the economy. Additionally, this review examines future trajectory of FST, offering insights into how targeted financial strategies can continue to promote sustainable development and long-term industrial competitiveness.

Keywords:Finance for Science and Technology (FST); Industrial Economy; Technological Innovation; Industrial Transformation