Regional Innovation-Driven Platforms and Entrepreneurial Confidence: Evidence from Technology-Based SMEs in China

This paper investigates the impact of a regional innovation-driven platform (Qinchuangyuan Innovation-driven Platform) on entrepreneurial confidence, particularly in technology-based small and medium-sized enterprises (TSMEs) during their start-up period. By analyzing data collected from 132 TSMEs, this study explores how regional innovation-driven platforms influence entrepreneurial confidence. The main findings are as follows: First, the results of ordinary least squares (OLS) regression reveal that the innovation-driven platform significantly improves entrepreneurial confidence, and the results of propensity score matching (PSM) remain still positive. Second, we conduct instrumental variable (IV) estimation as supplementary robustness evidence for potential endogeneity concerns, using whether an enterprise participates in market expansion activities and whether an enterprise uses government support services as two instrumental variables. Third, the innovation-driven platform is mediated by entrepreneurial satisfaction with the business environment and entrepreneurial satisfaction with the government, thereby enhancing entrepreneurial confidence. This paper provides a new perspective for assessing business development through entrepreneurial confidence rather than traditional performance metrics and provides a valuable reference for the development and optimization of innovation-driven platforms in similar regional contexts, especially in supporting sustained entrepreneurial activity, technology transformation, and regional economic resilience.