the industrial guidance fund is an industrial financing platform created by the state and local governments to guide the development of high-tech industries. The purpose of the establishment of government guidance fund is to incite private capital to invest in high-tech industries. Generally, there are several different modes of operation: for areas where the development of venture capital is in the initial stage, the mode of "compensation fund+equity investment" can be adopted to quickly start the guidance fund and try to guide social capital into the field of venture capital; For areas where venture capital development is in the growth stage, the model of "guiding fund+guarantee institution" can be introduced to expand the financing scale and accelerate the development of venture capital; In areas where the development of venture capital is relatively mature, we can attract social investment by guiding the fund as the parent fund, give full play to its maximum effect and promote the development of venture capital.