The Mode Research Of Introducting Private Capital Of Wenzhou Into High-tech Industries Through Venture Capital

Venture Capital has a great role on economic growth,especially in thedevelopment of high-tech industry,known as the “Incubator” and economic growthengine。Wenzhou’s economy is undergoing a rapid development,but its industrialstructure need to be adjusted.At present,there is huge private capital in Wenzhou, but aserious dislocation hpenomena is existed in the supply and demand aspects: on theone hand,a large number of private capital supply sufficiently,but is separated fromthe financial risk system, on the other hand,the high-tech enterprises are trapped dueto lack of financial support in the industrial structure adjustment. Facing thisdislocation, the haul for guiding the Wenzhou private capital into the high-techindustry is growing. As long as wei are able to correctly understand the characteristicsof private capital in Wenzhou, select the correct guiding mode, we can make privatecapital has projects to invest, its legitimate rights and interests can be protected, andinvestment can be incentived,Wenzhou private capital will be on track.To solve this problem, this article sort out the domestic and foreign venturecapital,private capital and high-tech industry related theory and research, try to clarifythe current status of theoretical developments on this research. Then making aanalysis on the status of Wenzhou venture capital environment. The interactionbetween the two elements of venture capital environment,and venture capitalenterprises in Wenzhou high-tech venture capital system,is one of the main content ofthis paper.The venture capital environment will affect the business strategy of theventure capital companies,while venture capital companies will have a positive impactof venture capital environment. In the venture capital environment aspect, fromseveral angles in the macroeconomic environment, culture, financial marketconditions, intermediary services environment, make a comprehensive description andsummary to the development and current status of the venture capital environment inWenzhou.Guiding private capital asked a multi=faceted understanding to it,we startfrom the characteristics of private capital,then according to research information anddata to estimate the reserves of private capital in Wenzhou, following the foreignanalysis,it points out that Wenzhou private capital should become the main body ofentrepreneurial investment capital sources. The same time, only to find out theWenzhou high-tech industry is in what stage, what kind of demand can be targeted in combination with other main study. Therefore, Wenzhou high-tech industrydevelopment from the perspective of the industrial structure, internal conditions andexternal circumstances, technological environment and entrepreneurial activityenvironment. Combining these basic research, Wenzhou private capital into high-techindustries mode choice analysis, this paper, this one decision-making using theanalytic hierarchy process for scientific answers. Including the first on the problem ofalternatives and evaluation criteria, and then in accordance with the requirements ofthe analytic hierarchy process to complete the various steps of the operation andreached the final selection.Wenzhou high-tech venture capital system, the interaction between the twoelements of private capital and high-tech venture capital enterprises is one of the maincontent. Here, another innovative approach to the classification of private capital inWenzhou, and press categories boot mode. On the one hand, private capital activelyseeking high returns into the field of venture capital, the other hand, venture capitalcompanies because of the conduct of business requires the diversification ofinvestment bodies to take measures actively to attract private capital to enter. Thesame time, there are different characteristics of the distribution because of complexand diverse external environment, as well as private capital in Wenzhou, Wenzhouprivate capital to enter the field of venture capital model should have diversity,different private owners of capital in different forms andThe strategy involved inventure capital. Therefore, this research aimed at Wenzhou actual analysis of privatecapital into the feasibility of the venture capital field; On this basis, according to thesource and quantity, the level of awareness of venture capital investment in high-techenterprise which at different stages (of three dimensions of the seed, start-up, growth,maturity) of Wenzhou private capital; according to different categories of privatecapital to select different mode to enter the field of venture capital，then analyzes theobstacles, and finally targeted recommendations, conclusions and outlook.