文章摘要
谷峻战,寇建明,张 波.英国多管齐下推动创新型企业成长[J].全球科技经济瞭望,2019,34(6):28~34
英国多管齐下推动创新型企业成长
UK is Taking a Variety of Measures to Boost Innovative Firms Grow
投稿时间:2019-05-30  
DOI:
中文关键词: 英国;耐心资本;创新型企业;企业投资计划;风险资本信托;养老金投资
英文关键词: UK; patient capital; innovative firms; enterprise investment scheme; venture capital trust; pensions investment
基金项目:
作者单位
谷峻战  
寇建明  
张 波  
摘要点击次数: 1650
全文下载次数: 1044
中文摘要:
      企业初创成功后仍然会面临资金短缺等难题,因为资本往往没有“耐心”去等待企业发展成熟。为解决企业、特别是有前景的创新型企业的后续成长问题,英国政府在“英国商业银行”下面成立了“英国耐心资本”部门,前者是英国政府于 2014年成立的经济发展银行。“英国耐心资本”力图通过投入部分公共资金的做法来吸引和撬动私营资本对企业、特别是知识密集型企业开展直接或间接的长期投资,达到促进创新型企业成长壮大的目的。所谓“耐心资本”,顾名思义,就是一种不过分看重短期利益,而更看重长期盈利的投资理念,而成立“英国耐心资本”部门正是实践这一理念的大胆和新鲜尝试。此外,英国还采取释放养老金投资、为知识密集型企业进一步减免税收、增加女性在风险投资行业的代表性、吸引海外资金投资英国风险资本等举措来促成资本市场繁荣,增加对成长型企业的资本供给。英国这种以市场为导向、政府以适当方式介入的做法值得我们观察和思考。
英文摘要:
      tart-ups will still face capital shortage even after their initial success. Because capital usually is not so ‘patient’ to wait for the firms to go mature. To address the later scale-up of enterprises especially knowledge-intensive Innovative firms UK goernment estalished “British Patient Capital” functional sector under British Business Bank the latter is a state-owned economic development bank established by the UK Government in 2014. “British Patient Capital” seeks to leverage private money to invest directly or indirectly in firms for a long period of time to make them grow up especially for knowledge-intensive ones by injecting some public fund. The so-called“patient capital” as its name shows is a kind of investment concept which does not pay too much attention to short-term profit but eyes more on long-term gains. The establishment of British Patient Capital is such a bold and fresh test of practicing such “patient capital” concept. In addition to this UK government also takes multiple measures such as unlocking the pensions investment more generous tax credit for investors who invest in high-growth innovative SMEs Increasing women’s representation in venture capital community and attracting overseas investment into UK venture capital market etc. to grow innovative firms up. The way of market-orientedness with government intervention as appropriate taken by UK deserves our attention and reflection.
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