Abstract: The 12th 5-year plan of national economy and the 12th 5-year plan of science and technology both suggest fostering and developing strategic new sectors. Strategic new sectors are generally high-technology sector, so it is theoretically important for strategic new sectors’ being fostered and developed to analyze the formation process of high-technology sector. This article analyzes the formation process of high-technology from four aspects, namely, stage dividing, technology characteristic, investment risk, and value accumulation. We also inquire into the specific implication of each aspect analysis immediately after it is completed.

摘要： 我国国民经济十二五规划和科技十二五规划都建议培育和发展战略性新兴产业。因为战略性新兴产业一般都属于高技术产业，所以分析高技术产业的形成过程对培育和发展战略性新兴产业具有重要的理论意义。本文从阶段划分、技术特性、投资风险和价值积累四个方面对高技术产业形成过程进行了简要的分析，并且在每个方面的分析之后还探讨了该分析对于完善我国高技术产业政策所具有的具体的意义。

关键词: 高技术产业, 形成过程, 技术特性, 投资风险, 价值积累