| With the continuous development of China’s scientific and technological innovation,innovative small and medium enterprises in the development of the national economy is becoming more and more important.But because the innovative SMEs contains a high technical risk and market risk,therefore,compared to the in other small and medium-sized enterprises are faced with more serious financing difficulties.They in the early stages of a startup difficult to obtain the fact that rights and interests capital financing has become a bottleneck restricting the development of,and the development of angel investment is conducive to the improvement of the situation.Angel investment as the informal venture investment,with its special advantages,in the financing of enterprises seed stage and start-up stage plays an important role.The introduction of angel investment can not only solve the In a model of small and medium-sized enterprises at the early stage of the development of the financing problems,strongly support the innovative technology companies in the development,but also effectively pull China’s private investment,broaden the investment channels for private capital.How to promote the development of angel investment in China’s innovative small and medium enterprises,has become an important issue faced by the current economic development.The concept of the concept of theory analysis to the content of this text divides into six parts,respectively is: the first part is the introduction of the research background and significance,the domestic and foreign literature research and review,and points out that the research contents and methods,and draw the line,is proposed in this paper.The second part,and an overview of the theoretical basis: first defined the innovative small and medium-sized enterprises as well as the angel investment,and then analyzes the angel investment and risk investment,enterprise incubator,finally,it is pointed out that the study of theoretical basis for the research to lay the theoretical foundation.The third part,the angel investment in innovative SMEs development Research status: firstly,it is pointed out that the China China angel investment development present situation and the existing problems,and then analyzes the innovative small and medium enterprises introducing the necessary level of feasibility of angel investment;the fourth part,analysis operation mode of angel investment in innovative SMEs were analyzed angel investors independent investment mode,angel investors join investment model and angel investors integrated development model,and one by one analysis,for example,points out the advantages and disadvantages of each model,for our innovative small and medium-sized enterprises choose appropriate investment model;the fifth part,a model of small and medium-sized enterprises angel investment development strategy: first,analysis of the United States and European angel invests Experience and Enlightenment to our country,based on,prepared from do a good job in finance,reasonable risk aversion,for government support and cooperation to play a role in four aspects put forward the development strategy of innovative small and medium-sized enterprise angel investment,provided valuable comments and suggestions for the sustainable development of small innovative enterprises in China.Finally,the conclusion and prospect. |