我国高新技术企业风险投资问题与对策探析

Analysis of Venture Investment in Enterprises of New&High Tech.in Our Country and Its Solution

高新技术企业成长的初期和中期需要利用种子基金和风险投资,后期则可利用银行贷款、上市融资等多种融资方式。因此良好的融资体系是实现高新技术企业迅速发展的前提。然而,目前我国尚未建立起与高科技企业发展各阶段相适应的健全的投融资机制和体系,高科技企业风险投资的体制弊端和机制障碍明显,完善高科技企业风险投资的体制和机制建设,是保证高科技企业顺利发展的关键。

As enterprises of New＆High Tech. may utilize seed fund and venture, investment at its initial and medium development phase and bank loan, financing by listing and other financial means at its mature development phase, sound financing system is a premise for a quick development of enterprises of New＆High Teeh. However, sound financing system adapting to respective development phages of enterprises of New＆High Teeh. has not been established up to date and system defects and mechanism barriers of venture investment in enterprises of New＆High Teeh. are quite striking. Under this condition, improving the system and mechanism construction of venture investment in enterprises of New＆High Teeh. has played a key role in guaranteeing a quick development of enterprises of New＆High technologies.