The Study Of Technology Industry Development Model In College Based On Venture Capital Theory

The technology industry in College is a business organization which is sponsored by College and is with clear Chinese feature. It plays very important role to transfer technology research and development results to final products. In recent years, the technology industry in College developed very fast, but meanwhile, there are some issues to be solved. It is a critical issue to find out a new operation model for the technology industry in College which is in line with the development trend and requirement of technology industry in College.The article makes deep study on the main limiting factors in the development of the technology industry in College. They are: property right and stakeholders are unclear; mechanism is not perfect; transformation on R&D results is not smooth; financial capital is shortage; business management level needs to be improved etc. The article analyzes the cause and effect and points out the root cause is that the operation mechanism and development trend of technology industry in College is not directed by and based on the venture capital theory. The article summarizes the venture capital theory and rises out the new operation and development model of technology industry in College. The business takes use of or simulates the operation model of venture capital, which includes a whole cycle: project screen and evaluation, capital investment, reinforcement of management, exit when the business is developed mature and preparation for next project. This will accelerate the R&D result transferring to final product; foster the core competency of the technology industry in College and explore the reforming and developing of the technology industry in College.The article utilizes the theory together with reality and introduces the theory of venture capital to the reforming and developing of the technology industry in College. It will be the reference for the technology industry in College.