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自从1985年我国成立第一家科技风险投资机构起,已有12年的营运历程了,有成绩、有经验,也有艰辛中的体会,其中有缺乏高素质的风险投资家的问题,有合作双方纠纷中涉及的法规不健全的问题,还有科技风险投资的退出尚缺必要的通路等问题。 国外科技风险投资机构,不论称作科技投资银行、科技投资公司还是基金管理公司,其运作的科技风险资金在本质上是不同于我国的孵化器、中试基地中目前运作的科技基金、产业化基金,前者是以社会资金为主,追求利润的最大化,完全是企业行为,后者是以政府资金为主,追求损失的最小化,偏重于
Since 1985, when China established the first venture capital institution, it has been operating for 12 years. There are achievements, experiences and hardships. Among them, there is a lack of high-quality venture capitalists. There are cooperation parties Dispute laws and regulations involved in the problem is not perfect, as well as the withdrawal of science and technology venture capital is still missing the necessary access and other issues. Foreign scientific and technological venture capital institutions, whether they are technology investment banks, science and technology investment companies or fund management companies, are different from China’s incubators in essence in their operation of science and technology venture capital funds. Currently, science and technology funds and industrialization funds , The former is based on social funds, the pursuit of the maximization of profits, is entirely corporate behavior, which is based on government funds, the pursuit of loss minimization, emphasis on