创新生态系统视域下公司创业投资中企业种群间共生演化——基于Logistic扩展模型

随着我国“大众创业、万众创新”战略的提出，公司创业投资行业迎来了爆发式增长，其作为激励创新的有效形式是创业投资的一种特殊形态，已成为国内外大型企业开放式创新的重要战略选择。在创新生态系统中，大企业种群与创业企业种群以CVC为共生界面形成CVC生态群落，通过复杂动态的相互影响作用形成互惠共生关系。基于我国A股上市公司20年的创业投资实践，运用Logistic扩展模型，通过大企业与创业企业的专利创新数据来验证双方的共生演化关系。同时，从直接和间接投资模式角度对两种群的共生作用系数进行比较研究，结合组织特征总结分析演化过程中所呈现的共性和差异性变化，从政府、大企业及创业企业3个角度提出相关对策。

Symbiosis and Evolution of Enterprise Species Groups in Corporate Venture Capital from the Perspective of Innovation Ecosystem Based on Logistic Extended Model

With the proposal of the “mass entrepreneurship and innovation” strategy in China, the corporate venture capital industry has ushered in an explosive growth. As an effective form of incentive innovation, it is a special form of venture capital, and has become an important strategic choice for large enterprises at home and abroad. In the innovation ecosystem, the CVC ecological community is formed by the CVC as the symbiotic interface between the large enterprise population and the start-up enterprise population. Based on the 20-year venture capital practice of Listed Companies in China, this paper, using the logistic expansion model, verified the symbiotic evolution relationship between the two groups through the patent innovation data of large enterprises and venture enterprises. Besides, it compared the symbiosis coefficient of the two populations from the perspective of direct and indirect investment mode. Moreover, it summarized and analyzed the common and differential changes in the evolution process in combination with the organizational characteristics, and proposed relevant countermeasures from the perspectives of government, large enterprises, and start-up enterprises.