Venture Capital To Support The Technology Innovation System,

Economic globalization is an important trend of world development, the development of economic globalization has emerged in the process of the regionalization of notable features. Regional technological innovation capability is becoming an increasingly competitive advantage in economic access, and the decisive factor of the most important regional development capacity factors. China's old industrial base currently faced with more severe challenges, there is an urgent need to find a way to enhance their competitiveness and keep the sustainable development. To the old industrial base, the sustained development needs the cooperation of enterprises, the government, research institutions and service organizations so as to enhance the regional competitiveness.Therefore, how to use the venture capital to support the regional technological innovation system, to enhance the cooperation of the various constituent elements of the technological innovation system, to speed up scientific and technological innovation and to construct a rational and efficient operation of the regional technological innovation system to improve the capability of technological innovation to achieve regional economic development, is the topic of this paper.This paper takes innovative theories as theoretical basis, starting with the concept of technological innovation system, takes the Liaoning technological innovation system as an example to analysis how the Venture Capital(VC) supports the technological innovation system. This paper is divided into five parts:Introduction is the first part of this paper, it explains the related concept of this paper and analysis the technology innovation and technological innovation system, VC and technological innovation system, the old industrial base and technological innovation system for the relationship.The second studies the way that VC supports technological innovation system. First, VC adjusts the industrial structure of technological innovation system, funding for enterprises in technological innovation system to support industries and enterprises from the two aspects, pointing out that regardless of the industry from a macro perspective, or micro-enterprise perspective, we need the support of VC. Second, VC supports the process of R&D of technological innovation system in three phases: research and development, the transformation and industrialization of the production, pointing out that venture VC works in all three phases. Third, VC supports the management of technological innovation system, because VC investment is not only representative of the input of funds, but also includes the input of the management concept, the management experience acts in technological innovation system in three phases. Finally, VC investments play a coordinating role between various departments of the technological innovation system. Mainly the technological innovation system from the enterprises and the other departments are analyzed.The third part analyzes technological innovation system of Liaoning old industrial base 's history and current situation; then approaches two aspects-ways and industries to analysis the feasibility that venture capital supports the technological innovation system of Liaoning old industrial base; concludes that there are some problems of supporting technological innovation system of Liaoning old industrial base with VC.According to the existing problems that mentioned in the third part, part four strives to make this paper not only theoretical value, but also has practical significance.The last part draws the conclusion of VC support technological innovation system of Liaoning old industrial base.