With the development of the knowledge economy, the intellectual property is more and more important. The intellectual property is the core lifeline of an enterprise. High-tech SMEs owe the independent intellectual property rights, but they have financing problems. How to use intellectual property to invest and finance will be the focus of future development of high-tech SMEs. This paper will focus on the characteristics of intellectual property for investment and financing, the development paths and put forward in the course of management and policy innovation of investment and financing.