国外天使投资发展及其对我国的启示

摘要

It has been widely known that the angel investment plays an important role in the development of new ventures. Many countries and regions promote the development of angel investment by the means of preferential tax, joint fund, angel investment network, as well as the education and training and so on. In this paper, the key links and elements for promoting the development of angel investment are revealed, with the experience of typical developed countries as examples. At the same time, the main barriers and shortages in China are discussed through comparative analysis.%天使投资对新创企业的发展具有重要的助推作用，已得到各国广泛认可。许多国家与地区通过税收优惠、联合基金、天使投资网络化以及教育培训等多种手段促进天使投资的发展。本文以主要发达国家和地区典型经验做法为例，揭示了促进天使投资发展的关键环节与要素。同时，通过对比分析，探讨了现阶段我国天使投资发展的主要障碍与不足。