Beginning with analysis on the factors that effect venture capital environment and determination of its description framework, this paper analyzes the situation of the venture capital environment in China in terms of technology and industry basis, technology and capital market, and fundamental environment, and put forward some suggestion on improving environment

This article,from the perspective of fiscal federalism,analyzes multi-level government management system and points out that coordination need be increased while the government is strengthening the formation of the network,the key point of the government\'s effective management is collaboration and co-evolution between technology and institution.