Abstract: Intellectual property pledged loan is very important to solve the loan difficulty for the small and medium-sized enterprise，promote the industrialization of scientific and technological achievements and realize the strategic target of building an innovation oriented country. This paper points out the problems and crux about intellectual property pledged loan launched by domestic banks, and investigates the shortcomings of special funds funded by current government to support the intellectual property pledged loan from the theoretical and practical aspect, makes a theoretical exploration of the innovative use of fiscal funds,finally proposes the policy advice of establishing an intellectual property pledged loan fund by government, and discusses the operation and management mode of the fund.