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Technology Finance | Frontier Selection (No. 4 )
July 11, 2025

How the U.S. Government Supports the Venture Capital Market Development

As a core driver of the global venture capital market, the United States has established highly valuable practices in aggregating innovation capital and incubating technology industries, providing a globally significant research case. This report leverages the latest research from the Organisation for Economic Co-operation and Development (OECD) to analyze the scale, structure, capital dynamics, and government support strategies of the U.S. venture capital market.

The study reveals that the U.S. venture capital market has built a self-reinforcing innovation ecosystem through deep institutional investor participation, a mature stage-based investment framework, and precisely targeted policy incentives. The U.S. government adheres to a "market-led + indirect empowerment" principle, utilizing specialized programs such as the Small Business Investment Company (SBIC) plan and the State Small Business Credit Initiative (SSBCI). These initiatives avoid direct market intervention while effectively filling early-stage investment gaps and promoting balanced regional development.

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Chinese website redirect link:https://www.bj-first.org.cn/single/486.html

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