The effect of R&D activities affect the development of the industry. Therefore,how to obtain adequate funding of R&D, to ensure the efficiency of R&D activities isvery significant for the development of high-tech industries. The traditional channelsunable to meet the funding needs of high-tech industry R&D,but risk investment playa powerful role in promoting the development of high-tech industries. However, thedevelopment of venture investment shows that the results of risk investment operationis not very ideal. Venture capital exit mechanism influence the capital exit andsecondary investment, further influence high-tech industries R&D money supply.This article studies the choice of the ways of venture capital exit,from theperspective of the risk investors,which provides reference for the high-tech industriesin orde to improve the efficiency of venture capital exit in our country. Firstly,thisarticle elaborates the basic theory in relevant to the high-tech industries R&D ventureinvestment, in order to provide theoretical support for the later. Secondly,analyse therelation between venture capital’s supply and demandã€the relation between venturecapital and the intermediary agencies as well as the relation between venture capitaland GEM. Apart from these,further analysis influence mechanism of high-techindustrial R&D venture capital exit factors. Then, carries out an empirical research bythe use of the fuzzy comprehensive evaluation method,with2000-2009statisticaldata as the foundation. It is show that share transfer is suitable for the presenteconomic development situation of high-tech industrial R&D venture capital exit. Atthe same time,use the bellman dynamic programming method to determine suitableexit opportunity,formed a more systematic empirical analysis system. Finally, putforward some related measures and suggestions according to high-tech industries R&Dventure investment empirical results. |