Advantage and Challenge:Environment of Innovation and Entrepreneurship in Silicon Valley in the US Nowadays
By analyzing Silicon Valley Competition and Innovation Projects research reports released by the Leaders of the Group in Silicon Valley,and Silicon Valley Index research reports released by Silicon Valley Joint Venture,this paper points out that the Silicon Valley has been the economic engine of California,play an important role in the development of innovative industry;expounds the advantages of innovation and entrepreneurship in Silicon Valley,i.e.,Silicon valley entrepreneurship development is due to its good innovation environment,including attracting excellent higher-level sci-tech talents,active venture capital investment and mergers and acquisitions,and good co-operative system,etc.;analyzing challenges of innovation and entrepreneurship in Silicon Valley nowadays,i.e.,higher commercial costs,living costs and transportation costs have affected the investment environment.Drawing on the experience of Silicon Valley,this paper proposes that in addition to promoting the construction of a National Innovation System and establishing a technological innovation system that integrates production,education and research,China also needs to continuously optimize the business environment and provide a good business environment and institutional environment for innovation and entrepreneurship.
Silicon Valleyinnovation and entrepreneurshipbusiness environmentadvantagechallenge