日本风险投资的转变及其原因分析

Analysis on the Change of Venture Investment in Japan and the Reasons

为发展新兴产业、实现经济振兴,日本政府在政策制定、资金支持、机构服务、区域支援体系以及完善资本市场等方面进行全面的制度创新和组织创新,改善了风险企业发展的软硬环境。风险投资也表现出投资进入新的增长周期、资金来源多样化、投资方向进一步向高新技术产业集中、早期投资明显增加、进出渠道畅通等新特征,标志着日本风险投资进入了良性发展轨道。这些重大变化值得正在建设中的中国风险投资市场借鉴。

In order to develop new industries and achieve economic revitalization, the Japanese government has undertaken a comprehensive system innovation and organizational innovation in policy formulation, financial support, organizational services, regional support system and the perfection of capital market. All these provide a good environment for the development of venture enterprises. New characteristics of venture investment show that investment is going into a new growth cycle, capital resource diversifies, more investment goes into high -tech industry, investment in early stage increases sharply, and the channel of investment works well. All these show the healthy development of venture investment in Japan. The great changes in Japan can be borrowed by venture investment market of China.