Technology entrepreneurship has promoted regional economic development and created huge social wealth.

The development of the US in recent years confirms the role of technology entrepreneurship.

From 1970s to 80s, Silicon Valley gradually became the focus of world attention. Active regional entrepreneurship activities made the PC and Internet industry flourish, and the development of these industries in turn promoted the sustained and rapid development of the local economy and brought more capital and technological changes.

People from all over the world come here to learn from experience and try to replicate the achievements of Silicon Valley's technology industry.

But they overlook the most important point. The success of the technology industry in the Silicon Valley area does not happen overnight. It is the final result of the long-term accumulation of software in education, scientific research, culture and other hardware facilities, such as the highly developed communications, pportation and market economic system.

What factors can foster a good entrepreneurial spirit?

At present, many scholars have begun to pay attention to what factors are the necessary conditions for frequent entrepreneurial activities and regional revitalization.

Most of the research focuses on the adjustment of legal system, market environment, capital market, tax policy and public facilities.

But more important software environments are often ignored.

A sound legal system and a perfect capital market are only the necessary precondition for the existence of capitalism. What we call software factor bear Pete's entrepreneurial spirit is the sufficient condition for promoting regional development.

Take a look at the highly developed us: every state is committed to stimulating entrepreneurship and driving the development of local high-tech industries.

However, most areas are still struggling on the edge of industrial pformation. Only a few areas such as Silicon Valley have become high-tech industrial bases, leading the trend of world economic development.

The States basically have the same tax system, the same legal system, unified capital market and convenient communication and pportation.

So how can we explain the imbalance in the development of high-tech industries in these areas?

Why can Austen follow closely the pace of Silicon Valley development and Albany, New York and other places are relatively backward?

In fact, Albany, which has the same hardware environment, has been trying to promote the development of high-tech industry in the past 30 years, but it has never been successful.

Obviously, the quality of hardware facilities can not explain the differences in the development of regional science and technology industry.

As the core content of the regional development software, the high-tech entrepreneurial spirit plays an important role in the process of regional pformation.

As early as 1970s, bear Pete clearly pointed out the core position of entrepreneurs in economic development.

Inpet believes that it is precisely because of the innovation of entrepreneurs that capitalism has prospered.

The essence of capitalism is the process of "creating in destruction" [3].

Even with the application of new production methods, the creation of new organizational forms, the discovery of new resources supply, new markets and products, along with local chaos, losses and unemployment, these destructive changes have finally led to new and continuous capitalist prosperity.

The long-term result is the continuous improvement of social living standard.

Entrepreneurs play an important role in this process. They are good at discovering new market opportunities and constantly looking for new product portfolios. They are the drivers of creative destruction for innovation and change in the market.

Obviously, the innovation emphasized by Pete is based on the assumption that people are not satisfied with the status quo. The characteristics of the PC industry revolution reflect this very well. Some new businesses established by some unknown people grow rapidly and create new industries.

The founders of apple, Microsoft, Intel, YAHOO, Amazon, CISCO and China's Sina, Sohu, NetEase and other companies all quit their stable jobs and started their own businesses. After ten or twenty years of struggle, they are now household names, coupled with the Internet technology revolution, and their entrepreneurial myths are spreading rapidly all over the world, becoming a model for many young people in the world.