改革开放以来,我省的高新技术产业得到了较大的发展,总体科研能力和开发水平在全国居领先地位。但受风险投资机制滞后、资金缺乏等因素的制约,科技优势未能有效地转化成现实生产力,制约了高新技术产业的进一步发展。抓紧发展完善风险投资运作机制,为高新技术产业提供持续不断的原动力,已成为摆在我们面前的迫切问题。一、风险投资及其特征风险投资(Venture Capital)亦称创业投资,是指职业风险投资者将其资本投入创业者的风险创新技术(劳务、产品),共同运作风险企业,实现资本增值的经营活动。美国全美风险投资协会将其定义为“由职业金融家投入到新兴的、迅速发展的、有巨大竞争潜力的企业中的一种权益资本”。它通常具有以下特征: 1.高风险性。风险投资的对象一般是以创新技术为基础、产品处于前期开发阶段、尚未成熟定型的企业,没有存量资产 Since the reform and opening up, the high-tech industries in our province have been greatly developed, and the overall scientific research capability and level of development have taken the lead in the country. However, due to the lag of the risk investment mechanism and lack of funds, the advantages of science and technology have not been effectively translated into actual productive forces, which has restricted the further development of high-tech industries. Paying close attention to the development and improvement of the operational mechanism for venture capital and providing the continuous impetus to the high-tech industries has become an urgent issue facing us. First, the venture capital and its characteristics Venture Capital (Venture Capital), also known as venture capital, refers to the venture capital venture capital investors venture capital investment in entrepreneurs risk innovation technology (labor, products), co-operation of venture capital, capital appreciation of the business activity. The National Venture Capital Association defines it as “an equity capital invested by professional financiers into emerging, rapidly growing companies with great competitive potential.” It usually has the following characteristics: 1. High-risk. The object of venture capital is generally based on innovative technologies, products are in the early stages of development, not mature stereotypes of enterprises, there is no stock of assets