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Academic Journal of Business & Management, 2023, 5(25); doi: 10.25236/AJBM.2023.052518.

Study on the Effect of Venture Capital on Regional Industrial Structure Upgrade


Xi Zhao

Corresponding Author:
Xi Zhao

School of Materials, The University of Manchester, Manchester, M13 9PL, UK


With the continuous development of the economy and the accumulation of economic stock, the old economy shows a tendency not to adapt to the new environment in the new period. Additionally, the regional development also shows the situation of uncoordinated industrial structure and unreasonable industrial layout, which negatively affects the further development of the economy. Moreover, venture capital, as an innovative result of combining technology and finance in the capital market, can provide financial, technological, and management support to high-tech enterprises and start-ups with high growth potential and has a marked positive effect in promoting the transformation of scientific and technological achievements and the development of new industries. The success of Silicon Valley has shown the world the essential role of venture capital in scientific and technological innovation, industrial transformation and upgrading, and economic growth. Furthermore, as China's macroeconomic development enters a new normal stage, the demand for economic growth for scientific and technological innovation and technological progress becomes increasingly strong, and the environment for entrepreneurship and innovation is continuously optimized and upgraded, which has a good promotion effect on guiding social capital into innovation and entrepreneurship projects and boosting the development of high-tech and emerging industries. This paper analyzes the influence mechanism of VC and SMEs development on industrial structure.


venture capital; industrial structure optimization; regional development

Cite This Paper

Xi Zhao. Study on the Effect of Venture Capital on Regional Industrial Structure Upgrade. Academic Journal of Business & Management (2023) Vol. 5, Issue 25: 122-126. https://doi.org/10.25236/AJBM.2023.052518.


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