What Is Venture Development?

Technology development risk refers to the fact that although the research and development party has made the greatest efforts during the research and development process, due to the limitations of the existing level of knowledge, technology, scientific knowledge and other existing conditions, unforeseen and insurmountable situations still occur Technical difficulties, leading to the failure of research or development in whole or in part, resulting in risks to property. Technological development risk refers only to the possibility of technical development failure due to random factors in technology. It does not include the possibility of technical development failure due to force majeure and breach of contract by the parties.

Technology development risk

Right!

Technology development risk refers to the fact that although the research and development party has made the greatest efforts during the research and development process, due to the limitations of the existing level of knowledge, technology, scientific knowledge and other existing conditions, unforeseen and insurmountable situations still occur. Technical difficulties, leading to the failure of research or development in whole or in part, resulting in risks to property. Technological development risk refers only to the possibility of technical development failure due to random factors in technology. It does not include the possibility of technical development failure due to force majeure and breach of contract by the parties.

In technology development contracts, common technology development risks are usually manifested in the following three areas: ^[1]

The elements for determining technology development risks are: ^[2]

The principle of risk liability for technology development is: if there is an agreement in the contract, it shall be assumed according to the contract; if there is no agreement in the contract, the parties shall reasonably share it. When one party finds a situation that may lead to development failure, it shall promptly notify the other party and take appropriate measures to reduce losses; if one party fails to notify the other party and take appropriate measures in a timely manner, causing the loss to expand, it shall be liable for the enlarged loss.

1 Immature scientific and technological achievements are an important reason for the risk of technological development. Establishing an on-campus development base and strengthening the pilot test are important links in reducing risk ^[3]

3.1 Establishing a risk investment system

Venture capital is a form of investment that makes full use of the role of the market and focuses on the operating benefits and prospects of high-tech enterprises. In recent years, the United States has focused on establishing risk investment mechanisms from two aspects. The US government has established high-tech SME venture funds to support nearly 500 high-tech enterprises. On the other hand, large companies establish venture capital companies to directly support the development of technology-based enterprises. At present, more than 100 large companies in the United States have established their own venture capital companies to support the development of their products with venture capital. The Chinese government has also set up SME innovation funds, and some investment companies have gradually emerged to make venture investments for high-tech. Although the strength of venture capital is not great, we should fully grasp the policies. For example, the nanomaterials developed by our institute were used as venture capital by Shenzhen Zunye Investment Company. The first phase invested 10 million yuan, which was mainly used for technology development equipment purchase. This scientific research result has been developed for more than two years. The product prospect is optimistic for many units, but suffers from too much risk and is intimidated. Most of the shareholders of Zunye Company are securities traders, have a strong sense of risk, and have great investment strength. This kind of risk investment Bring the technology to market quickly.

3.2 Establishing a Technology Development Risk Fund within the University

The school's annual technology development funds account for more than half, and a part of these development funds can be used as a technology development risk fund. For those technology development projects with good market prospects, first lend, and after the project is successfully developed, the loan funds will be recovered.

3.3 Extensive scientific and technological insurance business.

Many insurance companies that support technology developers to insure have opened technology insurance. Some have achieved better results. Especially for some high-risk technical projects, insured in advance can make technicians to lay down the burden and explore boldly. For example, satellites and air planes have been insured. China's science and technology insurance business is not widely developed at present. The main reason is that the cost is too high. As long as the publicity is strengthened and all sectors of society are involved in this work, more people can reduce their insurance costs. This is important for insurance companies and technology. Developers are good.

In short, only with proper measures and good methods, the higher the technology development rate, the lower the risk.