天使投资在中国是典型的市场失灵行业,中国的创投基金一直很少投资初创型项目,而无锡政府开创了政府对创业项目的大规模持股孵化的先河,成为中国最大的天使投资人。以无锡尚德为蓝本的人才引进模式,其核心是政府作为投资者介入科技创业者的早期项目,并在企业将要成功时适时退出,在尚德成功的过程当中,政府扮演了投资者和服务者的角色。 Angel investment is a typical market failure in China. Venture funds in China have seldom invested in start-up projects. The Wuxi government created a precedent for the government to hatch large-scale start-up projects and became the largest angel investor in China. At the core of Suntech’s talent introduction model, the core is the government’s early involvement as an investor in technology startups and the timely exit of businesses as they succeed, with the government playing the role of investor and servitor during Suntech’s success Character.