Research On The Strategic Alliance Of University-industry Collaboration With Venture Capital Embedded

In recent years, University-Industry Collaboration (UIC for short) the most important way to improve a country's indigenous innovation ability has become the focus of researchers home and abroad. In general, the development of our country's UIC has made great achievements, however, comparing with developed countries, our country's UIC is still lingering at the initial stage of development, with a certain gap from the developed countries and a lot of problems remained. To solve these problems will be the key of accelerating the process of universities' science research transformation and improving our country's indigenous innovation ability. With the rapid development of our country's venture capital industry, venture capital participating UIC might be the effective way to solve the problems that nowadays UIC faces.Traditional UIC research focused more on the organization forms and mechanisms of every main bodies in UIC, while neglecting the key role of other bodies. To combine the problems our country's UIC faces and the characteristics and advantages of venture capital, this paper brings venture capital as one important main body into the UIC system, and explores its important meaning to UIC, to emphasize the subjective position of venture capital in the UIC and try to use the strategic alliance in setting up the UIC model with venture capital, industry and universities as the core. After reading a lot of literature and analyzing the current research home and abroad, the paper analyses the UIC cases of American Silicon Valley and Zhejiang University Innovation Institute(ZII), showing the successful experiences of venture capital participating UIC. Whereafter the concept model of strategic alliance of university-industry collaboration with venture capital embedded is given, the conception and the goal is defined , the form and structure of this strategic alliance is shaped, and the operation mechanism of the strategic alliance is designed from five aspects: dynamic mechanism , selection mechanism, decision mechanism, coordination and division mechanism and the interests distribution mechanism. Finally, the paper provides some countermeasures and suggestions to the smooth operation of the strategic alliance of university-industry collaboration with venture capital embedded for the government.Our country's UIC still has a long way to go and a lot remained to be discovered. The paper wish to promote our country's UIC by the research of strategic alliance of university-industry collaboration with venture capital embedded. Therefore, some contributions will be made to enhance the indigenous innovation ability of our country.