Research On The Impact Of Deep Venture Capital On Innovation Ability Of Start-ups

Premier li keqiang made in 2015,the two sessions of: "public entrepreneurship,peoples innovation",and set up the national industry venture capital guiding fund,the government's support of start-up companies,and at that time the domestic start-ups appeared a spurt of growth,the number of start-up companies,however,after the establishment of subsequent growth requires the financing risk investment institutions,risk investment will bring a lot of money for start-ups,but also through the network and talents construction,supervision and management of value-added services for start-up companies.In fact,most of the venture capital institutions prefer some high-tech enterprises with independent innovation.Such high-tech enterprises mainly promote the development of enterprises by virtue of the core technologies developed by their own enterprises,so they need innovation more than ordinary enterprises.But for the pioneering enterprises,they are all faced with the high risk of failure.For start-ups in the growth stage,they also need marketing experience and technical guidance,and venture capital can well meet the needs of start-ups in different stages.In the past ten years,shenzhen venture capital investment co.,ltd.has won the first place in the comprehensive ranking of domestic and foreign venture capital investment institutions for five times in the annual evaluation of "top 50 venture capital institutions in China" of zerotech.Therefore,this paper takes shenzhen venture capital as a case study institution,relying on the national innovation strategy background,to study the impact of venture capital on enterprise innovation ability more profoundly and clearly.At the same time,as the leader of the capital market,the conclusions drawn are more representative and universal to other risk institutions.From the classic cases of shenzhen venture capital investment,this paper selected two optical and electromechanical industry start-ups,namely jiejue micro-electronics and jinguan co.,ltd.for comparative study.Based on the related research status both at home and abroad,and information asymmetry theory,enterprise life cycle theory,principal-agent theory and supervision theory as the theoretical support,before and after the analysis of the deep venture capital holdings and holding period to jie jie micro electrical and crown shares after the influence ofinnovation ability,further studies the deep venture to jie jie micro electrical and crown shares the influence of the initial,developing the innovation ability,according to jie jie micro electrical and crown shares the different life cycle of innovation ability index variance analysis,from the depths of venture capital investment characteristics and the different characteristics of the invested enterprise two aspects to proceed with the following conclusion:First,deep venture capital plays a significant role in promoting the innovation ability of entrepreneurial enterprises.Second,the duration of the shareholding of deep venture capital will have a different impact on the different stages of the venture.Finally,it puts forward reasonable Suggestions on how to promote the innovation ability of entrepreneurial enterprises from the three aspects of entrepreneurial enterprises themselves,venture capital institutions and the government,including that venture capital institutions should rationally invest in enterprises.Venture capital institutions and governments should set up guidance funds to support enterprise innovation and so on,so as to help enterprises promote innovation ability.