Multiple Co-governance: The Practice and Exploration of Government Leading Mode of Public Welfare Venture Capital

Abstract

It is necessary to study the form of public venture capital under the government-led model derived from Chinese localization practice appear in local practice as a model more suitable for our society. This article introduces the background of the birth of public venture capital and its basic characteristics. Taking the practice of public welfare venture capital led by the municipal government of H province B as an example, this paper analyzes the positive influence and development dilemma of government led public welfare venture capital model. Finally, it summarizes the trend of government led public welfare venture capital in theory. This study provides some useful and meaningful references and theoretical foundation for the research of on the government leading model of public welfare venture capital in China.