The Sustained Development Of The Agglomeration Of Innovative Resources In Zhejiang Province

It is emphasized by scholars home and abroad that innovative resources are inclined to agglomerate in some location, across boundaries of organizations and regions. Based on social capital, the innovative resources such as fund, technology, talented people, information, institution and environment, are integrated and promoted by companies, governments and universities to create new knowledge and technology, which contribute to the development of an industry or a region. The innovative resources in Zhejiang province are clustering effectively in every industry region after the Reform and Open Policy, which actually is the SMEs agglomeration-"Zhejiang Economy Pattern", based on which the innovation network develops. It has been noted that innovation-oriented economy can help create sustained competitiveness and the innovation network can contribute to technology innovation. Besides, venture capital is very important to the development of technology innovation and company establishment, which helps industrialize new technology.The paper is divided into four sections:Chapter one is introduction. In this section, the subject of study is to briefly introduce the methods of study and review the classical theories of industry cluster, competitive advantage, innovative network and venture capital, which is the base of our theory.Chapter two is to introduce the Mode which accelerate the agglomeration of innovative resources-innovation network. The agglomeration and flow of these resources make companies, universities and government to relate and cooperate with each other, which contribute to the innovation and pervasion of new technology and provide power to local economic development.Chapter three is about the role of venture capital to technology innovation. It mainly explains the plight of SMEs financing and the important contribution of venture capital to technology innovation.The last section is the empirical study and is the innovation of the paper. Firstly, we analyze development of the innovative network-based on its sub-systems and the venture capital. The empirical model includes time series factor analysis and BP nerve network model. We can get the score of each sub-system factor then we explain the relations between sub-system factor and the competitiveness factor. Finally we analyze the contribution of each sub-system to the competitiveness. Because there is not enough database for us to make quantitative analysis so we just give some qualitative analysis.