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高科技成果产业化有两条渠道:一是通过政府的投入;二是通过风险投资基金的介入。前者是政府对新技术、新产品的研究进行财政贴补或在信贷资金以及利息方面国家给予政策倾斜,其生产、销售中的大部分风险也由国家承担。风险投资则是由风险投资基金把资金投向高技术产品,承担其在市场化过程中蕴藏的失败和危险,促使新技术成果尽快商品化,以取得高资本收益的投资行为。虽然风险投资离不开政府政策鼓励,离不开基础的科研成果,但是,它更是一种资本寻求高额利润、个人追求经济利益的市场行为,政府过度参与风险投资领域只会扰乱风险投资机制的正常发挥。
Industrialization of high-tech achievements have two channels: First, through the government investment; the second is through the involvement of venture capital funds. The former is the government subsidies for the study of new technologies and new products or the policy of the state in terms of credit funds and interest rates. Most of the risks in production and sales are also borne by the state. Venture capital investment by venture capital funds to high-tech products, to undertake its failure in the process of marketization and danger, promote the commercialization of new technology as soon as possible in order to obtain high capital gains of investment behavior. Although venture capital can not do without the encouragement of government policies and can not be separated from the basic scientific research achievements, it is even more a market behavior of capital seeking high profits and individual pursuing economic interests. Over-participation of the government in the field of venture capital will only disturb the venture capital Mechanism of normal play.