湖南科技风险投资基金的建立模式研究

从政府与市场的关系分析 ,设立风险投资基金有政府主导型、混合型和市场型三种机制 ,不同的建立机制直接影响基金的营运效率。风险投资基金的典型组织形式是有限合伙型、契约型和公司型 ,因制度安排不同 ,它们在运作成本、管理效率、激励相容机制方面存在显著差异。湖南是风险投资的后发省 ,风险投资基金的发展模式要以混合型机制组建 ,按省内各经济区域的特点选择基金的组织形式和规模。

A Research on the Model of Hunan Technology Venture Investment Fund

According to the relationship between government and market, the establishment of venture investment fund mechanism has direct impact on the operating efficiency of the fund, which falls into three typical categories, namely,government-directed type,mixed type and market type.The fund may be organized in forms of cooperation,contract or company. Because of different institutions, the working cost, management efficiency and incentive mechanism exist striking differences in practice.Less advanced in this respect in Hunan, the development model may take the form of mixed type with the organization and scale based on the characteristics of specific economic environment of each local area in the province.