Research On The Countermeasures Of The Location Of The Venture Capital Network To Promote The Innovation Ability Of The Major Cities In The Yangtze River Delta City Cluster

In the newly issued and targeted implementation of the "Yangtze River Delta Urban Cluster Development Plan",its relevant regulations have repeatedly emphasized the need to vigorously develop the new economy,fully implement and implement the new strategic guidelines,actively create an ecological environment,and strengthen regional construction.Accelerate the development of modernization and integrated cities as a whole.The successful development of internationally renowned bay areas such as the Tokyo Bay Area and San Francisco Bay Area is inseparable from the help of venture capital.Summarizing their development experience is of great practical significance for in-depth discussion and research on whether venture capital networks will affect the improvement of urban innovation capabilities.This article first analyzes the mechanism of the predecessors' influence on the concentration of venture capital in regional technological innovation on the basis of combing relevant theories.Secondly,the status quo of venture capital agglomeration and innovation ability of the urban agglomeration of the Yangtze River Delta was investigated,and the degree and ingress were selected as indicators to measure the degree of urban venture capital agglomeration.The difference is obvious.Finally,taking the relative indicator of the number of billions of dollars of invention patent grants as an important evaluation variable,the most representative panel data from the past ten years are selected,and indicators such as the level of financial support and human capital are introduced as control variables to construct a set of relevant Matching spatial Dubin panel data model to deeply explore and analyze the relationship between venture capital agglomeration and urban technological innovation.The main conclusions are as follows:(1)The venture capital invested and received by a city has a significant stimulating effect on the innovation ability of the city and other cities;(2)The level of financial support from the city will significantly improve the innovation ability of the entire region;(3)The more mature the city's venture capital enterprises are,the less conducive to improving the innovation ability of other cities nearby;(4)The more innovative the industry of the city's venture capital enterprises,the more the city's innovation ability can be improved.Based on the empirical conclusions,this article puts forward suggestions to promote venture capital and innovation development from the aspects of venture capital investment,regional cooperation of venture capital,development differences among cities,and innovation output policies.At the same time,this article believes that the Yangtze River Delta Regional Cooperation Office should conduct unified leadership and unified planning to reduce vicious competition.