The rise of the central innovation industry will become the new bright spot of China's economic development

Source: Internet
Author: User
Keywords Industry venture capital China China
Tags .mall business business opportunities carrying demand development direct investment economic
Xinhua Hefei, November 5 (reporter Cai Min, Yang Yuhua) at home and abroad near hundreds of venture capital institutions, carrying 20 billion yuan capital gathered in Hefei, Anhui Province in the recent 2009 China's Central Innovation economy and Enterprise Financing Forum, trying to find business opportunities in the middle.  9 Central Science and technology innovative SMEs in the Forum on the first day of the discussion with investment institutions signed an investment intention agreement, the signing amount of more than 200 million yuan.    Experts pointed out that in the post-crisis era characterized by domestic demand economy and Low-carbon economy, the rise of innovative industries in the central region with the advantages of population, resources, traditional industries and scientific research will become a new bright spot for China's economic development.  The great potential of the central innovation economy in China, one of the earliest professional venture capital institutions in Shenzhen, Jia Chia Investment Group was convened by the Forum, with the Anhui province and even the central region of the innovation-oriented enterprises have extensive contact, and has tentatively delineated the scope of further investigation. "As the country expands domestic demand, focuses on the policies of the people's livelihood, and accelerates the industry from the east and the central cities, it will become one of the most promising regions in the aftermath of the financial crisis."  "said Chrysogenum, executive partner of the group's direct investment business.  Taiwan Securities Counter Trading Center Chan This special visit to the central region, he said, the central region of the economy has "a good GDP growth, is gradually improving the" "industrial base behind, the structure is being optimized," the two characteristics of the venture capital institutions to find "goal" left a huge space. Keming, director of Anhui Provincial Government Development Research Center, pointed out that China's next round of economic development will inevitably take the "domestic demand Economy" "Low-carbon economy". The central region has a large population, abundant resources and strong scientific and technological strength, and has considerable potential in expanding domestic demand and upgrading industries. In addition, with the popularization of high-speed transportation such as high speed railways, the central region has narrowed the distance from the middle in space; with the development of information technology, the distance between central and the world is no longer farther than the east. "In the new round of economic development, the rise of the central innovation economy will become a bright spot in China's economy." "China Venture Capital Research Institute, headquartered in Hong Kong, has been involved in the Middle East innovation Economy and Enterprise Financing Forum, as well as the associated VC-project docking conference."  Previously, the Institute has successfully held four venture capital forums in Hefei since 2005. Gongmeng, dean of China Venture Capital Research Institute, says the central and eastern regions are complementary to developing venture capital. The central region has advantages in traditional industries, natural resources, human resources and scientific research power, but lacks entrepreneurial talent, capital advantage and institutional mechanism innovation. The advantages and disadvantages of the eastern region in some way is the reverse.  Regional cooperation between the Central and eastern regions is of strategic importance. Venture capital focuses on a number of hot spots in central China Shenzhen Good Investment Group Direct Investment business executive partner Chrysogenum said that modern services (including logistics and distribution, financial information, design, intermediary), Health medicine industry, web-based technology based on new economic model, new materials, energy, cultural and creative industries, industrial upgrading of traditional industries, new agriculture and other fields are the focus of the wind investment agencies in the central industry.  Lixin, an investment partner at the Arctic venture capital, points out that the top priorities in the middle are communications, semiconductors, software services, the Internet and new media, materials, alternative energy and clean technologies, life sciences and health, consumer goods and new services, advanced manufacturing and seven major industries.  But venture capitalists have also pointed out that, compared with the eastern coastal region, the development of innovative enterprises in the central region still faces many problems. Chrysogenum pointed out that the central region's economy faces some difficulties: including unreasonable industrial structure, raw material industry, resources, equipment and other primary products, processing technology is low, industry supporting capacity is not strong. Business philosophy, management level is not strong. Lack of modern services. The brain drain is serious.  Conservative concept, difficult to innovate and change.    Chrysogenum said that the central innovation industry in the rise of the important way is to rely on technology, products, models, services, management, institutional innovation.  Substantial measures are urgently needed to push innovation experts to call for substantial measures to promote innovative economic development in central China.  Gongmeng pointed out that the central region in the new macro-economic background to achieve development, the first to grasp how to cultivate and excavate a group of innovative small and medium-sized enterprises, such as Alibaba, Wuxi Suntech, Baidu, Sina, such as emerging enterprises. To achieve this goal, he suggested that the first step should be to create a strong entrepreneurial atmosphere and the social environment suitable for entrepreneurship, to "tolerate failure." Local governments should consider the introduction of operational policies that allow a large number of potential technical experts to venture out of universities and research institutes, including retaining the 3-5-year position of "venture out" researchers, if they fail, allowing them to return to their original units and seniority.  At the same time, institutions and scientific research institutions to provide some compensation mechanism or set up a "science and technology talent failure of the recovery fund."  Secondly, it is proposed to formulate an operational compensation policy so that the technical patents of universities and scientific research institutes can be easily brought out by the scientific researchers with lower prices, connect with enterprises or risk institutions, make the results of scientific research more easily formed products and form new entrepreneurial economy, which is the experience of Silicon Valley. "Our country's universities include research institutes, the technology patent as a treasure in the hands of the hand, rather sleep there, not willing to low-cost for the scientific and technological personnel to take out the entrepreneurial." Some colleges and universities are willing to invest their own high-tech enterprises, but in the end the failure. And Silicon Valley's experience is like Stanford (AMIT) University, a large number of researchers from the laboratory patent, research venture capital, and then recruit some entrepreneurs, and finally achieved a lot of Silicon Valley High-tech enterprises.  "Gongmeng said. Gongmeng pointed out that central China should also vigorously develop a multi-level SME financing system with venture capital as its core, including unsecured guarantees, small and medium enterprises issuing bonds, the government's risk compensation mechanism for SME loans, and the stock Exchange system. vigorously develop the corporate governance institutions for small and medium-sized enterprises, especially for early-stage innovative enterprises, in terms of management promotion, in terms of marketing strategy, financing channels and so on, professional intermediaries who provide substantive services, such as management consulting, accounting firms, evaluation institutes and investment banks. Participating in this forum, a number of experts specifically called on the local venture capital institutions do not too quick, do not want to find a business in the middle, today cast tomorrow can be listed. Must be down-to-earth, hard skills, enhance the core competitiveness, and help early enterprises to improve management, formulate policies, identify talent.
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