Research On Venture Capital Development For Promoting National Economic Competitiveness

With the world economic globalization, countries all over the world are competing more heavily. In order to obtain the competition advantage, in most countries, governments regard the competitiveness enhancement as one of their core tasks. In Knowledge-Economic age, high-tech industry has come into being tremendous impetus for economic growth, meanwhile, the competition of economic competitiveness ranks the top one position. Venture Capital as a valid fund finance method serving for high-tech industries development, in 1960s, came into being and followed the market demand. Venture Capital accelerates the process of high-tech industry development including every growing step from laboratory to production assembly line, from marketization to industrialization. Venture Capital's strengthening the nation's economic competitiveness has been approved by some countries and zones, the United State as a good example.In 2001, Venture Capital Scheme was the No.1 draft represented to China People Conference for discussion, from then on, Venture Capital gain closed attention from kinds of fields. Venture Capital has its own late-development advantage, which help the country to learn from other nations' experience and to set up a definite and correct economic goal. So, this paper on Venture Capital promoting Nation Economic Competitiveness show its practical and theoretical value. Venture Capital development should be a good way of achieving innovation, stimulating innovation and protecting innovation.Firstly, this paper summary the other's study results and analyze the characteristic of Venture Capital and its process, on the basis of conjugated concept definition, this paper makes a clear explain of conjugated relation between Venture Capital and Nation Economic Competitiveness, meanwhile, this paper uses double-driven principle theory to explain the Venture Capital's influence to innovation and Nation Economic Competitiveness. Secondly, this paper create a new idea of core factors in Nation Economic Competitiveness, using this idea, this paper expounds and proves that Venture Capital play a great role on cultivating new high-tech industry, promoting zone economy and industries economy development,stimulating institution innovation and training and exercising innovative inter-disciplinary talentsThirdly, this paper summarizes the materials of Venture Capital development in some countries, which include its history and its mode. In this paper, by analyzing the countries'nation economic competitiveness current situation and cohesive relation to Venture Capital, practical history supports the paper's main point---Venture Capital influencing Nation Economic Competitiveness heavily.This paper focuses on the outward economic utility brought by Venture Capital Development in Macroeconomic development, thus referring to IMD evaluating system,an evaluation index system has been established to evaluate the real influence on the Nation Economic Competitiveness, which including 44 third grade indexes. All evaluation index should be set with support of real economic data,and this evaluating system has a strong economic value.In the end, in order to achieve the goal of promoting Nation Economic Competitiveness within short period and surpass the competitor countries, this paper lists its proposals, that mainly consist of 8 tips and the 2 most important proposals of making up periodical nation Venture Capital development scheme and developing Venture Capital in Government Market mode in China.