The Coordinated Development Of The High-tech Industry And Venture Capital

The main purpose of this study is to make out the joint development relationship between the high-tech industry and venture capital for regional economic development.In the interview of the mechanism establishment and support policy of venture investment,this paper will demonstrates the role of venture capital in cultivating regional economic development and industrial upgrading, particularly tells how to establish sound venture investment mechanism to promote the development of high-tech industry and accelerate the change of developed coastal areas of Fujian even the whole region's economic development pattern.Research methods are: (1) Experience Analysis (Chapter II), Comparing the high-tech industry and venture capital in the development process and the status of different countries and regions, to get some useful insights;(2) Method of theoretical explanations (Chapter III), Industrial organization theory will be applied to analysis the joint development relationship ; (3) positive analysis method(Chapter IV), the positive economics theory will be applied to analysis the use of empirical analysis the joint development relationship of Fujian Province; (4) induction and summary method (chapter V), the theoretical analysis and positive study will be summarized to form a conclusion and to give the corresponding suggestions.The main conclusions of this paper are: high-tech industry and venture capital have a joint development relationship, but the mechanisms of joint development not only depends on high-tech industry's technological innovation, the industrialization level of scientific and technological achievements , the operating mechanismc& the scale of venture investment and and other internal factors;but also depend on the policy environment, market mechanism, legal environment, human resources and the environment external factors .Innovation is reflected in: 1) Based on the distance ,gap of the cultural and economic, different countries and regions of high-tech industry and venture capital development models will be analyzed, compared and summarized to give some suggestions in accordance with the status of Fujian Province; 2) Industrial organization theory will be used to study & analyze the mutual driving mechanism of high-tech industry and venture capital; 3) applying canonical correlation analysis to make a empirical study on the correlation of venture capital and high-tech industry in Fujian Province.The significance and application of this paper are mainly shown in making out high-tech industry and venture capital development strategy of Fujian Province to promote the change of regional economic development mode for speeding up the industrial structure upgrade,through studying the contact and development laws of high-tech and venture investment.