Research On The Internal Operation Mechanism Of Agricultural Science And Technology Innovation Venture Capital

In China, the Venture Capital involved in investing in agriculture is from the1990s, intwenty years, although, we focus on the foundation of agriculture, the urban-rural dualeconomic structure, long-suppressed rural finance and the inertia of agricultural supportindustry make the development of agricultural science and technology innovation venturecapital relatively slow. Recent years, with the industry nurturing agriculture and theadvancing pace of modernization of agriculture, the attented of Agricultural science andtechnology innovation. promotion of scientific and technological achievements, andincreasing agricultural output become one of the important goals of Twelfth Five-Year Plan.Consecutive11years since2004, central No.1documents concern "three rural", In2014the central document directly promote agricultural science and technology innovation,making agriculture as the priority areas of science and technology, guide financial credit,venture capital into the field of agricultural science and technology innovation, This is thefirst time putting the venture capital directly into agriculture, providing the development ofventure capital for agricultural science and technology innovation the policy support. Thegoal of agricultural science and technology innovation is achievements transformation andextension, and promote the scientific research into practical real productivity, capital is thebottleneck problem. Veture capital will inject fresh blood into agricultural science andtechnology innovation. Due to the special nature of agriculture, agricultural science andtechnology innovation venture capital as a way of investment is not yet ripe, there aremany problems, unlike common risk investment on processing, the likelihood of facingnew challenges in all aspects, and lacking of institutional guarantee to protect itsdevelopment. The paper is on the basis of reading a lot of literature and collectingextensive data to comb the development status and sort the problems in its developmentand Macro and micro factors restricting its development. From the perspective of systemoperation, agricultural science and technology innovation venture capital which can bedivided into finance, investment, management and exit. Papers focused on the financing ofagricultural science and technology innovation venture capital, real development and majorissues of financing, project selection, project selection, evaluation, investment,participation in management, exit strategy and other aspects of a study, and finally fromgovernment policies and agency proposes to run two levels of venture capital to promote agricultural science and technology innovation and steady development ofcountermeasures.There are two innovation points in this paper, first, the summary of the developmentprocess of Chinese agricultural scientific and technological innovation risk investment anddevelopment characteristics based on the research of the development process of Chineseagricultural scientific and technological innovation risk investment; Second, from raising,investment, management and exit four aspects of the venture capital in Chinese agriculturalscientific and technological innovation risk investment process, the paper expounds theinternal operation mechanism of the venture capital in Chinese agricultural scientific andtechnological innovation risk system, the raising, investment, management and exit, togeneralize the investment status of development, management and exit of the venturecapital in the risk investment of agricultural science and technology innovation, carried onthe thorough analysis of the main problems existing in the current situation of thedevelopment. The author hopes that by the research to provide some certain referencesignificance to our country agricultural scientific and technological innovation riskinvestment with better operation.