Research On Venture Capital Based On Innovation And Entrepreneurial Characteristics Of New Material Industry

New materials industry is one of the important industries of the national economy, is one of the seven strategic emerging industries of the nation. New materials can be used in aerospace, the National Defense Industry, and people’s daily life. The nation’s new materials industry "twelfth five" development plan is issued in2012. It pointed out the industry’s develeping direction and goals during the five years. However, the new materials industry belongs to the high-tech industries with high-risk characteristics, and a lot of new material technology lies in the developed countries, so the development of the new materials industry will encounter many difficulties. But venture capital can play a very important role in helping the development of the new materials industry. Based on analysis of the new materials industry with its own characteristics and encountered risks, I discuss the effect of venture capital for new materials industry’s development.The new materials industry has its own unique characteristics, and its technology chain, market chain as well as innovation and entrepreneurship chain has a common feature of the high-tech industry, but still has its own characteristics and features. However, the new materials industry will encounter technical risk, market risk, management risk and strategic risk. In order to reduce or avoid risks, venture capital will play a positive role. In the article, I use some companies’data to analyze and appraise that the venture capital play a positive role in innovation, sales and marketing performance of new materials enterprises.This paper is divided into six chapters. The first chapter is an introduction, describes the research background, significance, and reviewed the literature, and study goals, content, methods and technical route; The second chapter analyzes the new materials industry’s characteristics; The third chapter analyzes the various risks encountered in the process of innovation and entrepreneurship; The fourth chapter analyzes the effect of venture capital for new materials industry innovation and entrepreneurship; The fifth chapter does a case study to verify that the venture capital play a positive role in the development of new materials enterprises; The sixth chapter is a summary and outlook.