Research On Venture Capital And Wuhan Venture Capital Environment

The venture capital is the catalyst which promote the new high-tech enterprises to develop. The high tech industry is one brand-new industry, has many uncertainty in its developing process. Therefore, their investment has great risk, but if it is successful it will obtain high returns, three key factors ,such as Scientific discovery, the capacity of entrepreneur and venture capital ,can promote the appearance of new industry, and cause the society Reform. The historical experience indicated that every country belong to the strong innovation ability and the international competition had more active venture capital. It has made people like Apple, Intel, Microsoft do some world first-class high-tech enterprises, and caused it to become the formidable propelling force of the national economy development. Venture capital ("VC") development in Wuhan is indeed slow since its first access in early 1990s. The main reason is due to Wuhan's unperfect investment environment for VC. The description of performance and basic environment of VC in Wuhan indicates though Wuhan has stable economic development basis and certain conditions for VC, the overall investment environment is not adequate. Such as conflict of laws,imperfect business circumstance, ignorance of VC practice for local target companies and lack of VC exit mechanism.Therefore, developing the venture capital environment, for Wuhan economy development,is self-evident.The paper carries on the appraisal to the Wuhan venture capital environment , and has proposed the goal and the strategy of environment cultivation, for providing the policy-making support of Wuhan venture capital environment cultivation through analyzing Wuhan venture capital environment situation, describing all kinds of essential environment factors in wuhan. The overall frame for developing Wuhan venture capital environment is: Through Supporting the environment by the positive government as the system safeguard, rational system of property rights inherent requirement for the environment, basing on Perfect marketing economic environment, making high-quality talent as the central link of the environment,and good social and cultural environment ,we should build a harmonious and orderly dynamic organic system. This paper has 5 chapters:The first chapter is Introduction.The second chapter is Overview of Venture Capital, Introducting the venture capital, venture capital environment and so on.The third chapter is the analysis of Wuhan venture capital environment.The forth chapter is the strategy research for improving the Wuhan venture capital environment.The last chapter is Conclusion. The implementations of above these measures will not only facilitate the development of VC in Wuhan, but also make it possible that venture capitalists will play a leading role in Wuhan VC industry in near future. These efforts will satisfy both economic development of Wuhan and the upgrade of its VC industry development level.