Study On Bonding Mechanism Of High-tech Enterprise And Venture Capital In China

Scientific technology serves as a booster for long-term economic development,which has been acknowledged by the world.Every time,the success of scientific technology revolutions raises human life and productivity to a higher level.It not only enhances work efficiency and increases social wealth,but also fundamentally transforms relations of production and cooperation,and further compartmentalizes the labour of society.As the purveyors of scientific technology research and application,high-tech firms are rather advanced and fast-growing,and are in need of huge financial investment.It is proved that the best strategic mode lies in the marriage of high-tech corporations and venture capital.In this way the entities are supplied with abundant money,technological and personnel support,so that breakthroughs will be guaranteed,and fat profits will be generated for venture capital when it withdraws.Both of them facilitate each other.The workings of the combination of high-tech companies and venture capital from previous research results were studied to elaborate its status quo,comprehensive factors and obstacles.Correspondent policies and advices were offered for relevant authorities and researchers.Especially during the phase of new normal when national economy is slowing down,high-tech industries are promising stimulators of the economy,for economic foundation is being affected by large surplus of production which exerts pressure on upgrading of industry landscape and economy transformation.Therefore,the study about the joining mechanism of high-tech enterprise and venture capital posed a deep meaning to reality.Firstly international and domestic theories and practical experiences about this topic were collected and analyzed from the angles of technological philosophy,technological sociology,venture investment,etc.,paving a theoretical foundation for the research.Secondly,quantitative and qualitative analysis was adopted to process the up-to-time macro economy date acquired from authorities like Department of Science and Technology and National Statistics Bureau,analyzing the current situation of uniting system of the corporations and venture capital.Thirdly,barriers in the development of the institution were closely analyzed and the reasons why the system didn't function well were studied on the basis of the status quo from admission system,market mechanism,withdraw system,and service and support mechanism for the combination.Fourthly,international ripe theories and successful experiences about high-tech firms' marrying with venture money were funnelled to put forward policies and advices that were adapted to domestic current condition of China.Finally,it was suggested that the joining institution of itself was both an objective practice in human society and a natural phenomenon and law after its nature was thought about in terms of Marxism philosophy and economics.Furthermore,it was concluded that comprehensive social progress lay as the foundation for enabling the combination system operate effectively,and future institution would be more standardized,efficient and market-oriented on the basis of the central policies shift and factors that influence the mechanism.