我国大学科技园风险投资机制创新研究

Venture Capital Mechanism for University Science and Technology Park

大学科技园与风险投资的融合既能促进科技园中企业更健康的成长,又能保证风险投资获得丰厚的回报。但就目前实际情况看,风险投资在大学科技园的投资规模仍然较小,无法起到主导作用。其主要原因有:风险投资渠道单一,投资主体结构不甚合理;科技园的融资服务体系不健全;风险专业投资管理人才不足;风险投资资金使用效率低等。因此,为疏通风险投资进入大学科技园的渠道,促进科技园的健康发展,应大力引进和培养专业人才,建立和完善科技园的风险融资体系以及风险资金的退出机制等。

The integration of university science and technology park and venture capital can not only accelerate the sound development of enterprises in the park but also guarantee generous returns for venture capital. At present, the venture capital has a small scale and fails to play a leading role. The main reasons include the single channel of venture capital, an unreasonable structure of main body of investment, an incomplete service system of financing, a lack of personnel of venture capital management, and a low efficiency of capital utilization. Therefore, professional personnel should be drawn in and cultivated and the system of financing as well as the system of capital withdrawal should be created and improved.