Research On High-Tech Industrial Clusters And VC Based On Technological Innovation Of Enterprises

Based on the predecessors' theoretical and empirical researches, this paper regards high-tech enterprises' technological innovation as the breakthrough point, analyzes the relationship of enterprises' technological innovation and high-tech industrial clusters, as well as the relationship of enterprises' technological innovation and venture capital systematically , and concludes that the enterprises, medium organizations and governments should make efforts together to take necessary measures and give full scope to the technological innovation advantage of high-tech industrial clusters, overcome the disadvantage, make the enterprises' technological innovation and the ability to attract venture capital interact with each other well, and boost the clusters' sustainable development. In order to prove the above theoretical analyses, this paper tries to do the case study of silicon valley' s technological innovation and venture capital, and analyze the influence of silicon valley' s ability to attract venture capital on its technological innovation in the methods of OLS and Granger Causality Tests.Nowadays, in order to keep the dominating position in the high-tech field, more and more countries are developing high-tech industries and contesting the international market. Simultaneously, VC has the features of financing and investing, and is able to guarantee the industrial application of new technologies, so it is becoming the key factor of innovation' s sustainable development. This paper studies the high-tech clusters and VC systematically based on the technological innovation in the theoretical and empirical way, and tries to provide theoretical base for the policy of high-tech clusters' sustainable development, so it has its own practical significance and necessity.