创业投资引导基金运行模式研究

近年来国内创业投资引导基金的快速发展,为本土创业投资行业发展提供了契机,也为科技型中小企业解决融资问题提供了新的渠道。本文通过对创业投资引导基金运作模式的分析研究,归纳出引导基金在运作过程中存在的监管问责制度缺失、资金退出渠道不通畅等问题,并提出了完善制度建设、引入独立监管机构、增加综合性服务平台解决资本退出问题等政策建议。

Venture capital investment introducing fund operationmode research

The domestic guiding fund for the venture capital(GFVC),develops rapidly in recent years.It offers chance for local venture capital development,and also provides a new channel for solving the financing problem of the technological SME.This article analysis investigating realistic situation,summed up the GFVC is lack of regulatory accountability system and funds exit channels and other problems in the process of its operation.In this foundation,putting forward policy recommendations about perfecting system construction,the introduction of independent regulatory agencies,increasing integrated service platform to solve the information asymmetry and capital exit and so on.