The main research topic in this paper is how to gain venture capital' s favor in the fierce market competition for small and medium-sized high-tech enterprises.
中小型高新技术企业怎样在激烈的市场竞争中获得风险投资的青睐，正是文章的主要研究课题。
Since the reform and opening-up in China, a lot of high-tech small and medium-sized enterprises (high-tech SMEs) have been grown up very quickly.
在众多高科技企业中，中小型高科技企业数量众多、成长迅速、机制灵活，正发挥着日益重要的作用。
Lastly, withdrawal mechanism is the key part of the high-tech small and medium sized enterprises protect their own rights and interests.
最后退出机制也是高新技术企业中小投资者自身权益保障的重要组成部分。
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