| With the development of economic globalization and the emerging of knowledge economy, technology innovation has gradually become the main factor to push forward the development of economy. Meanwhile, it is widely acknowledged that technology innovation, which has become the fundamental point to realize the economic transformation and upgrading of the industrial structure, has also become the prerequisite to cross the’middle-income trap’successfully. Venture capital, which is viewed as a new type of financial system arrangement, plays an important role in promoting the development of technology innovation. The success of international technology giants, whose intial benefits are from the support of investment of venture capital, also confim the important role of venture capital. Internet of things, which is a new generation of information technology revolution after the Internet and mobile communication, has the huge economic potential. It is estimated that in the future ten years, the investment of key applications of internet of things is up to4trillon an the output will reach8trillion, then that will pull20million employment. Therefore, it is significant that the paper studies the influence of venture capital to innovation performance based on the internet of things.The paper explains the concepts of venture investment and internet of things and analyzes their characteristics from multiple perspectives. Then, the paper introduces the present situation of domestic and foreign development, especially china’s present development, and expires the development trend of venture capital and internet of things in China. Based on the previous research results, the paper studies the related theory on financial innovation and technology innovation and summarizes the related research on venture capital and emerging industry’s technology innovation of domestic and overseas scholars to provide theoretical support and research direction for the paper’s further study.By referring to the domestic authority financial media, this paper makes sure the listed enterprise samples related with our country’s internet of things. According to the samples, this paper constructs the evaluation index system of the innovation performance based on the C2R model and the super efficiency model of DEA. Then, this paper measures the innovation performance of the listed enterprises related with internet of things with venture capital support and no venture capital support respectively, and compares with their performance value. Based on the single variable inspection, the paper solves the endogenously problem between the venture capital support and innovation performance. The paper discusses the attributes of entrepreneurial institutions which the innovation performance related with the interner of things produce substantial effect of. From the corporate governance and operating performance, this paper further researches the effect, which the institutions of venture capital produce, on the management performance and business performance of enterprises which are invested.At last, this paper summarizes the full text, and from the point view of capital, puts forward some suggestions about promoting the development of the industry of internet of things as the goal of technology innovation. |
