Analysis on the promotion effect of venture capital industry on local economic development in Heilongjiang Province under financial big data

In order to promote the further development of local economy in Heilongjiang Province, this paper analyzes the promotion effect of venture capital industry on local economic development in Heilongjiang Province under the financial big data. Design financial big data platform, which is composed of core working layer, application support layer and data resource layer. According to the data collected by the financial big data platform, this paper analyzes the GDP ranking, industrial structure and other indicators of Heilongjiang Province, and constructs the model of promoting economic development by venture capital industry, modifies the model by using the penalty estimation variable and penalty function, and outputs the analysis results. The simulation results show that the proposed method has high accuracy and short time, and can be further extended in practice.