The Research Of The New VC Organization Based On The United Property Rights Institution

The nature of the venture capital (VC) organization currently is one kind of the financial-investing intermediary organ. Through pouring a fund in the high and new technology enterprises, it acts greatly on accelerating the transformation of scientific research achievements, which has made a great development in economy. But judging from the angle of the property institution, it is the unitary-capital property institution, who has problems inevitable therefore, for an example, having the asymmetry limitation, having no way to arousing other element owners'enthusiasm, and having no way to be satisfied with fund, talented person and technology for most middle-small enterprises, so this unitary- capital property institution must be developed in order to fit in with the knowledge-based economy century.The article introduces the law of the property institution and the trend of the enterprise property institution ,and get a conclusion that the property institution must be fit in with the level of the development of productivity. Following the coming of the knowledge-based economy, the contribution of the labors and science-technological elements have improved greatly, they demand to be equal with capital property rights in the enterprises. So the united property rights institution arises. The new VC should base on the united property rights institution, and its main organization is the new VC organization.The nature of the new VC organization is the element-investing intermediary organ. The new VC organization is decided by the external needs and the inherent reasons, whose main objection is to gain the added value avails. The new VC organization's operation embodies in the working of the elements, which run through the investment process all the time. And this operation signs a train of agreements as premise, which should includes five parts: raising the elements, appraising the enterprises, throwing the elements into enterprises, managing and supervising, back-flowing the added values.The new VC organization has four great advantages: making the new high-SciTech park influencing, unifying the capital-pouring person, enterprises, labor-pouring person and research-pouring person, allocating the resources rationalization, striding over the development of the productivity. So there are vast prospects in waiting for us to go and excavate.