In 2018, Shandong proposed to accelerate innovation and development and implement the transformation of new and old kinetic energy. Compare Shandong with the eastern coastal areas, find out their own shortcomings and excellent development experience of other provinces and cities. Therefore, the research on the impact of science and Technology Finance on the performance of science and technology innovation in Shandong Province is of practical significance to accelerate the development of innovation in Shandong Province. In order to realize innovative development and the transformation of new and old kinetic energy, Shandong must strengthen scientific and technological innovation. Scientific and technological innovation needs the support of science and technology finance as the "first driving force" in the stage of technological research and development, achievement transformation and technology industrialization. Therefore, it is particularly important for Shandong Province to establish the science and technology finance that matches the science and technology innovation.<br>As the "double engine" of economic growth, the importance of science and technology and finance in the process of modern economic development is self-evident. The fundamental purpose of exploring the combination mechanism of science and technology and finance is to provide financial support for scientific and technological innovation, and then promote the sound and rapid development of economy. Based on the current situation of science and technology finance and science and technology innovation development in Shandong Province, this paper analyzes the influence of science and Technology Finance on science and technology innovation development by using statistical data, absorbs the advanced experience of foreign finance supporting science and technology development, and aims at the problems existing in the process of science and technology finance supporting science and technology innovation development in Shandong Province, This paper puts forward the relevant countermeasures to improve the science and technology financial system, and ultimately achieve better service for science and technology innovation in Shandong Province. At the same time, it hopes to provide some reference for other scholars who study science and technology finance and science and technology innovation.<br>
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