| Since 1980s, the development of high-tech startups, which are based on new and high techniques, has become the key points concerned by every country's government and theory fields. Amount of practices of foreign high-tech industry and regional economy development show that the high-tech startups, which contribute much for developing countries'high-tech industry and building national innovation system, can incubate new industry, activate regional economy, improve industry grade, and enhance national comprehensive competence. The development of high-tech startups plays a critical part for our country's and even jilin providence's economic development. However, capital is always the key barrier restricting the high-tech startups'development. for the sake of problems on techniques, market and management, etc, the high-tech startups often have more great development risks, so they can't get enough capital from traditional capital market. With the development of economics, people have more and more great investing conscious, whatsmore, nongovernmental fund quantity also becomes more and more big. If we can activate these capital owners to invest, the high-tech startups will achieve an extra way of collecting fund. So, This paper will research on how to activate nongovernmental fund to support high-tech startups in Jilin province.In Jilin province, there is particular technique advantage. Jilin province does best in six fields, they are Electron and information, Bio-mechanical and electrical integration, new energy, effective saving energy and protecting environment. There are amount of scientific research institutions, experts and some new scientific research bases. Nongovernmental fund in Jilin province is rather abundant, and they are increasing year by year. However, these two aspects are independent, no relation, so, they waste very valuable resources. If we can activate the both passion, use the advantage of Jilin province, the economy will develop greatly in the future. These years, the government begins to pay more attention to the development of high-tech startups, and has taken some measures. However, the capital owners can't make accurate judgment on the future earnings, because they can't get the useful information about high-tech startups. Moreover, the high-tech startups have high risk character, so the capital owners are always very hesitant on investing in them. In addition, there isn't suitable nongovernmental fund collecting system, and a large number of nongovernmental funds are owned by many people. These capital are small and always deposited in banks, they aren't willing to invest in high risk industry. Finally, nongovernmental fund can't do risk investment, because there isn't integrated risk investment system, which is useful for the development of high-tech startups. So, the government in Jilin province plays a great part, which should make efforts to make economic policy and good social environment, in order to collect private capital, and lead them to invest in the high-tech startups.This paper's key task is studying how to activate private capital to support the high-tech startups. Seeing from the successful foreign experience, the guided start-up fund is an effective way to develop high-tech startups. the guided start-up fund is a investing fund, it comes from the government , state-owned holding company and state-owned sole proprietorship, and it supports the investment fund which is of strategic significance in venture investment, in order to act in concern with the industry development policy that government made. the guided start-up fund will give a great help to high-tech startups because it's non-profit and leading character. It can use its governmental credit to attract a large number of nongovernmental funds; it also brings leverage, which amplifies the support function of government capital.During the other measures those nongoverment funds support high-tech startups, this paper studies from the following aspects mainly. First, in the aspects of ideas, the government should transfer their function, encourage service in doing government affairs, and protect private investor's legitimate rights. In addition, they should pay more attention to private capital, and depend more on private capital, and create better internal environment to develop Jilin providence's economy by using internal capital. Second, in the aspect of laws, we should treat private capital equally, and relax the business range and way of high-tech startups', and so on, in order to activate the passion of technology entrepreneurs. Then, we should make high-tech startups and nongovernmental capital develop at the same time, give high-tech startups better policy. We should also give the high-tech startups that nongovernmental capital invest in more favorable policy, in order that people can get known the leading effect of government. Third, in the aspect of profits, we should take more propaganda to make people believe that they will get profit if they invest in high-tech startups, then, we should control, supervise and manage them scientifically, combining the production and research, insure the enterprise to develop opportunely, finally, we also can make use of the successful foreign experience, our government can order their production, reduce the management risk of high-tech startups, and also ensure certain profit. Forth, in the aspect of controlling risk, we should pay more attention to the credit management of high-tech startups in order to solve the information problem, so the capital owners can get more information about startups and do a good decision. Then, we also should build the credit guarantee system well and widen the financing channels of high-tech startups. Finally we also should pay more attention to set up intermediary service organizations, through these the private capital owners, government, high-tech startups and investing enterprises can get in close contact with each other, reducing the risk, then the private capital owners can get to known the information of high-tech startups in time. In addition, we should consider withdrawing way of nongovernmental fund, or we can give them some compensation when they are failed, in order to reduce the losses of capital owners and entrepreneurs, and let them have no worries to invest. Fifth, we should value good and important project, build incubation base, and then produce model engineer effect, through it we can propagate the high earnings by investing high-tech startups and activate private capital to invest in. at last, we also should widen the participating channel of nongovernmental fund, perfect the capital market and venture investment, meanwhile, pay close attention to strengthen the building of local small and medium-sized financial institutions, in order to facilitate the participation of private capital.This paper start with how to establish close ties between technology and capital, analysis carefully the reason that nongovernmental capital invest little in high-tech startups, the conclusion of this study has certain reference for the building of the current innovation-based society. With developing the high-tech startups, we should not only pay attention to getting the capital, but also we should pay more attention to the capital using, and improve the efficiency of the use of funds, achieve a virtuous combination of technology and capital. |
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