Abstract

Science and technology innovation is the main driving force for economic de-velopment in the new development stage. In recent years, the scale of investment in R&D in China has grown at a relatively fast pace, and the intensity of investment in science and technology has been increasing. The innovation drive emphasises the use of scientific and technological change and technological innovation to improve the output rate of production factors and the implementation of an efficient and intensive mode of economic growth, thereby promoting sustainable economic development. This paper studies the mechanism of the role of science and technology innovation in driving economic development, elaborates on the current problems faced by science and technology innovation, and puts forward relevant suggestions to adapt to the development of science and technology innovation, such as optimising and adjusting the structure of funding input, improving the mechanism of diversified funding input, and improving the income distribution system of scientific researchers.