Research On The Government Strategy Of The Fusion Of The Incubator And Angel Investment

Since 1980 s, as an important carrier to foster independent innovation enterprises and promote the industrialization of scientific and technological achievements, it has become an important part of the innovation system in China. Since 2009, with the rise of a new wave of technological revolution, the emergence of technology start-ups. At the same time, from international to domestic, private sector and individual to set up incubators and in angel investment business are constantly emerging, innovative incubator to investment and financing as the main means, the target service more efficient and A new force suddenly rises., incubator market, formed no small impact on the traditional state-owned incubator government founded the incubator in diversified pattern at the same time, the increasingly fierce competition. At present, the government laeding incubator is the main body of the incubators, with a complete infrastructure, occupy a large number of high-quality resources, is the main force of service innovation, but most incubators are subject to institutional mechanisms, management team, capital size and other factors, were short of core competitiveness in the incubation service. In the public venture, the highly innovative situation, business incubators provide general intermediary incubator service can not meet the growing demand for enterprises’ s rapid growth in venture capital, technology and market etc.. At the same time, Chinese government to encourage and guide the incubator through 28 years of development, support the way gradually from direct support to indirect guidance, incubator marketization trends become more obvious, incubator transformation and upgrading is imperative. Investment and financing functions as the core function of the whole incubation service value chain, can help the enterprise to get the capital and other resources as soon as possible, to solve the biggest problem in venture enterprises’ s survival and development. At the same time, the incubator has achieved the development and growth through the successful investment in the investment, and the core value is improved. Therefore, the key breakthrough in the transformation and upgrading of the incubator is to enhance investment and financing services. Angel investment is an important means to support early entrepreneurial enterprises, in effect, to support on the stage and in the incubator agree without previous consultation, the supply of funds and resources agglomeration and incubator to form complementary advantages. The incubator will integrate angel investment into its own development. It will help to overcome the "government failure" and reduce the "market failure" in the incubator. It is helpful to enhance capital strength and improve the incubating efficiency. Because of the specific type, comprehensive strength, development stage and other differences, this article have analyzed five kinds of integration modes of space embedded, capital cooperation, self development, entrepreneurial mentor and network alliance. Based on this, and combine with Wangjing incubator’s integration, the article have analyzed the main problems in the process of the fusion of the incubator and the angel investment, and puts forward suggestions to improve the fiscal policy and create a fusion environment.