本文认为 ,风险企业的重要特征之一就是需经历阶段性的成长周期 ,而在每一成长阶段又有不同的融资需求 ,这需要作出相应的融资方式和融资机制的安排 ,才能培育出各种类型的融资供给主体 ,建立起有效的风险融资体系 ,实现金融资源对高技术风险企业的优化配置。 This paper argues that one of the most important characteristics of a venture enterprise is that it needs to go through a phased growth cycle and has different financing needs in each growth stage. Therefore, it is necessary to make corresponding arrangements for financing and financing mechanisms so as to cultivate a variety of Type of financing the main body to establish an effective risk financing system to achieve the optimal allocation of financial resources to high-tech venture enterprises.