Venture philanthropy provides new supports to social services in the form of innovative projects, and has a step-by-step progress. The subject of a prefect venture philanthropy includes donors, recipients, beneficiaries and independent qualified Third-Party Assessment Entities. The venture philanthropy has an interactive process, which consists of the following four steps: project collection and training, field visits and project optimization, project review and publicity, and signature of the protocol. Venture philanthropy can promote the concept that governments can buy public service from other organizations, and advance win-win cooperation between the government and the social organizations. The government supports the benign development of public organizations and guides the practice of public venture capital in order to serve the masses, forming a multi body participation in social governance innovation pattern. This paper have studied the venture philanthropy practice, analyzed the influencing factors of the venture philanthropy, and summarized the relationship between the venture philanthropy process and the subjects on the basic of the field investigation of China’s venture philanthropy.
References
[1]
Lipman, P. (2015) Capitalizing on Crisis: Venture Philanthropy’s Colonial Project to Remake Urban Education. Critical Studies in Education, 56, 241-258.
https://doi.org/10.1080/17508487.2015.959031
[2]
Letts, C.W., Ryan, W. and Grossman, A. (1997) Virtuous Capital: What Foundations Can Learn from Venture Capitalists. Harvard Business Review, 75, 36-50.
[3]
Moniro, M. (2010) Overview of Public Operation of Venture Investment in the United States. Wu, M., Trans. Comparative Economic and Social Systems, 4, 135-142.
[4]
Rob, J. (2010) The Public Welfare Charity: Highly Involved in the Development of Risk Investment in Europe. Gu, J.M., Trans. Comparative Economic and Social Systems, 4, 143-152.
[5]
McCrea, N. (2016) Community Development, Venture Philanthropy and Neoliberal Governmentality: A Case from Ireland. In: Rosie, R.M., Ed., Politics, Power and Community Development, 103-120.
[6]
Bartek, R.J. (2014) Foundation-Industry Relationships—A New Business Model Joint-Venture Philanthropy in Therapy Development. Current Topics in Medicinal Chemistry, 14, 313-318. https://doi.org/10.2174/1568026613666131127154903
[7]
Jing, Y. and Gong, T. (2012) Managed Social Innovation: The Case of Government-Sponsored Venture Philanthropy in Shanghai. Australian Journal of Public Administration, 71, 233-245. https://doi.org/10.1111/j.1467-8500.2012.00767.x
[8]
Salzman, R. (2016) Venture Philanthropy and Gene Therapy: Lessons from Adrenoleukodystrophy. Human Gene Therapy, 27, 14-18.
https://doi.org/10.1089/hum.2015.29016.rsa
[9]
Zeichner, K. and Pena-Sandoval, C. (2015) Venture Philanthropy and Teacher Education Policy in the US: The Role of the New Schools Venture Fund. Teachers College Record, 117, 1-44. http://www.tcrecord.org
[10]
Apple, M.W. (2011) Venture Philanthropy from Government to Governance. 100.