Research On The Operations Collaborative Mechanism Of Regional Venture Capital Fund

High-tech industries is the main force industry of the new century, playing anincreasingly important role in promoting economic development of our Country. Most of thehigh-tech companies is small and medium enterprises, and many are in the seed and earlystages. These years, venture capital industry is facing "market failure". Funds are mainlyinvested in mature enterprises while a lot of enterprises in seed and early stage cannot getenough financial support. Government guidance funds can effectively solve the problem of"market failure" by driving social capital to participate in the venture capital industry.Government guidance funds are of great importance for the venture capital industry, localbusinesses, technological innovation and economic growth.Guangdong Province is one of the largest economy of our country, but the governmentguidance funds is in the state of started late and slowly development. Efficient and effectivepolicy guidance for the government guidance funds is in great need. The study forgovernment guidance funds does not in-depth in our country, which is just to learn about thestatic foreign mode. There is less study researching about the Dynamic operating mechanismof government guidance funds system and how the order parameter affect the systemcoordination degree, as well as how to promote the development of government guidancefunds.Based on the background, this paper will analyze the collaborative mechanism ofgovernment guidance funds, and then make a simulation for Guangdong province in order toprovide advice for the development of government guidance funds in Guangdong.Firstly, this paper describes the theory of government guidance funds, system dynamicstheory, collaborative learning theory, and then analyze the structure of Government guidancefunds. Secondly, analyze the participating subjects, relevant elements, order parameter andcollaborative content of government guidance funds system according to the theoretical. Thennext, this paper divides the system into three subsystems: government-guidance funds-social capital subsystem, venture capital sub-funds-venture capital management agenciessubsystem, venture capital management agencies-Venture subsystem based on systemdynamics theory and analyze the causation between the various bodies of the systems and then build the model. Then simulation is made for Government guidance funds of GuangdongProvince. We will observe how the order parameter affect the Collaborative Degree of thesystem and make suggestions according to the result:(1) Because the constraints fromgovernment affect the coordination degree greatly, to some extent, government shouldreduce the investment constraints for venture capital management agencies in order to makeventure capital management agencies operate more market-oriented and professional;(2) Asthe decrease of government support will have a long negative impact on collaborative degree,the government should increase its support to guarantee the positive results.(3) Strengthenthe capital markets, enhance the magnitude of transferring income.