Research On The Countermeasures Of Small And Medium-sized High Tech Enterprises Attracting Venture Capital

From the experiences of Europe-American developed countries, the best financingchannel for high-tech enterprises to obtain long development is venture capital. As anew capital operation mode, venture capital has appeared by the 1940s. It does notonly offer capital into enterprises'development, but also provides consulting servicessuch as management, market and financial aspects, with enterprise common growth.For domestic numerous small and medium-sized high-tech enterprises, the best way tohelp enterprises to grow is obtaining supports from venture capital funds. But due tothe smaller size of domestic venture capital and the venture capital turned to sometraditional investment fields gradually, small and medium-sized high-tech enterprisesencountered tremendous challenge in attracting venture capital process. The mainresearch topic in this paper is how to gain venture capital's favor in the fierce marketcompetition for small and medium-sized high-tech enterprises.In this paper, I have chosen the venture capital decision-making factors based ondrawing lessons from domestic and international numerous scholars'researchachievement, and following the principle of influence factors'selecting. Then on aquestionnaire survey method again, I investigated the related factors value degree byventure capitalists in project evaluation process. Then, I comprehensively use thefactor analysis and regression analysis to determine the degree size of related factorfor the venture capital decision-making, and design countermeasures for small andmedium-sized high-tech enterprise attracting venture capital, according to the researchresults of factor analysis and regression analysis. At last, I demonstrate this researchresults and conclusions through the empirical analysis.The research results of this paper mainly include: It picks up eight male factors from the venture capital decision-making factors after factor analysis. In theregression analysis later, it gets effected degree to the results of venture capital fromeight male factors. According to the research results of regression analysis finally, Iput forward a series of targeted measures for small and medium-sized high-techenterprise attracting venture capital, such as attention to the construction ofenterprises'leadership team, perfecting the enterprise management and organizationalmechanism, strengthening independent research and development capacity, promotingtechnical content of product etc.