Zhongguancun Science City Science

What Zhongguancun Science City Science does

Beijing Zhongguancun Science City Innovation Development Co., Ltd. (ZGC Science City) is a state-backed, market-oriented technology investment and innovation service platform established in May 2019 by the Haidian District government in Beijing with 6 billion RMB registered capital. The company operates as a fund-of-funds and direct investment platform, managing multiple investment vehicles including the 5.5 billion RMB Science and Technology Innovation Fund, the 8 billion yuan Technology Growth Phase IV Fund, the 2 billion yuan Achievement Transformation Fund, and the Haidian Guidance Funds (managed since 2020, originally established 2009). It serves early to mid-stage frontier technology companies in AI, robotics, biotech, semiconductors, smart mobility, and IC design seeking patient capital, ecosystem support, and cross-border market access, alongside institutional investors and fund managers seeking access to the Zhongguancun deal flow.

The business model combines fund management (management fees and carried interest) with innovation services (incubation, industry platforms, international services, space operations). Capital is deployed through three core mechanisms: a mother fund + direct investment model targeting strategic emerging industries, a Scientist Fund series (SEE Fund, Sinovation Ventures Scientist Fund, Miracle Plus Fund, Zhongguancun Zhihui Robot Scientist Fund, CAS Star Hard Tech Phase II Fund) for early-stage deep tech, and government guidance funds for ecosystem building. Portfolio companies are supported through specialized industry platforms including the Beijing Medical Robotics Industry Innovation Center, Zhongguancun IC Center, BioFront Therapeutics, the Z Hub Scenario Acceleration Platform, and entrepreneurship services spanning business incubation, sci-tech finance, and industrial space operation.

The platform supports 700+ technology firms through 47 sub-funds and 106 direct startup investments, with notable portfolio companies including Cambricon, Meituan, Tinavi, DiDi Autonomous Driving, ShengShu Technology, and Lightwheel. Strategic GP partners include Gaorong Capital, Sinovation Ventures, Legend Capital, and Glory Ventures. The company has no public revenue disclosure; its economic profile is that of a state-aligned capital allocator where revenue is dominated by fund management fees, with cross-border expansion supported by an MTR Lab partnership (Hong Kong) and the Boston-Singapore-Beijing Nest.Bio biomedical innovation platform.

Name

Zhongguancun Science City Science

Legal name

Beijing Zhongguancun Science City Innovation Development Co., Ltd.

Website

http://www.zgccity.com

Company type

Private

Founded year

2019

Operating status

Operating

Short description

Beijing Zhongguancun Science City Innovation Development Co., Ltd. is a state-backed, market-oriented technology investment and innovation service platform managing 15.5+ billion yuan in funds to support frontier tech companies and ecosystem development in Beijing's Haidian District.

Ownership category

akta.pro rank

Product category

Venture Capital and Private Equity Fund Management

NAICS

Scientific Research and Development Services (5417), Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology) (541715)

SIC

Services-Commercial Physical & Biological Research (8731)

akta.pro primary industry

Science, Technology & Innovation Administration (National R&D Policy) (BPAIAAAK)

akta.pro secondary industry

Technical Universities with Strong Industry Partnerships (EDAHAEAG)

Keywords

• Venture capital platform
• Government guidance funds
• Technology innovation investment
• Startup incubation services
• Fund management services

Headquarters

HQ city

Haidian

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure

Revenue model

1. Fund Management Fees and Carried Interest: Generates revenue through management fees and performance carry from multiple fund vehicles including the Zhongguancun Science City Technology Innovation Fund (5.5 billion RMB), Technology Growth Phase IV Fund (8 billion RMB), Achievement Transformation Fund (2 billion yuan), and Haidian Guidance Funds. Revenue is derived from LP commitments, co-investment deal sourcing, and portfolio company value creation.
2. Innovation Service Fees: Provides diversified professional service platforms (industry platform services, entrepreneurship services, international services) to generate fee income from startups and portfolio companies seeking growth acceleration, incubation, and cross-border expansion support.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Zhongguancun Science City Science operates as a state-backed, market-oriented technology investment and innovation service platform that manages multiple fund vehicles (Technology Innovation Fund, Technology Growth Phase IV Fund, Achievement Transformation Fund, Haidian Guidance Funds, and Scientist Funds) and provides professional innovation services including industry platform services, entrepreneurship support, and cross-border collaboration to support the industrial ecosystem of Zhongguancun Science City.

Product overview

Beijing Zhongguancun Science City Innovation Development Co., Ltd. is a market-oriented tech investment and service platform established in 2019 with a registered capital of 6 billion RMB. The company operates a multi-layered portfolio centered around five core business areas: Industry Investment, Innovation Service, International Service and Investment, Space Operations, and Ecosystem Cooperation. The investment ecosystem includes the Technology Innovation Fund (5.5 billion RMB), Technology Growth Phase IV Fund (8 billion yuan), Achievement Transformation Fund (2 billion yuan), and Haidian Guidance Funds. The company provides innovation services through platforms like the Z Hub Scenario Acceleration Platform, Innovation Platform Service (covering medical robotics, IC design, AI), and Entrepreneurship Service (incubation, finance, space operations). The Scientist Funds series supports scientist-led startups across semiconductor, AI, robotics, and hard tech sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Z Hub: Scenario acceleration platform for frontier tech enterprises
• Zhongguancun Science City Science and Technology Innovation Fund
• Zhongguancun Science City Technology Growth Phase IV Fund
• Achievement Transformation Fund

Products and services

• Zhongguancun Science City Technology Innovation Fund (中关村科学城科技创新基金) A 5.5 billion RMB fund that invests in hard-tech projects across frontier sectors, supporting the Zhongguancun Science City innovation ecosystem and directing social capital toward key industries. Targets early-stage hard-tech investments in partnership with professional investment institutions.
• Technology Growth Phase IV Fund (科技成长基金) An 8 billion yuan fund adopting a mother fund + direct investment model targeting strategic emerging industries. Leverages state capital leadership to attract social capital and innovation resources for long-term companionship of innovation enterprises.
• Achievement Transformation Fund (成果转化基金) A 2 billion yuan fund focused on cutting-edge technologies from universities and research institutions, supporting the commercialization and industrialization of academic and scientific research achievements.
• Haidian Guidance Funds (海淀引导基金系) A government guidance fund system comprising venture capital funds, private equity funds, M&A funds, and technology transformation guidance funds. Channeled through 47+ sub-funds to support technology firm development across Haidian District.
• Scientist Funds Series (科学家基金) A series of scientist-focused funds targeting high-precision industries and supporting scientist and tech talent entrepreneurship. Covers semiconductors, AI, robotics, intelligent manufacturing, and hard-tech sectors.
• Z Hub Scenario Acceleration Platform A flagship scenario acceleration platform that identifies and supports high-potential Chinese tech startups in AI, robotics, smart mobility, and related sectors for investment and global expansion support. Integrates MTR Lab and other partners to globalize Chinese frontier tech startups.
• Innovation Platform Service (产业平台服务) Professional service platforms covering medical robotics industry acceleration, biopharmaceutical development, integrated circuit design, and AI industry platform services for frontier technology companies.
• Entrepreneurship Service (创新创业服务) Diversified industrial common technology services including business incubation, sci-tech finance, and industrial space operation for startups in information technology and life science sectors.
• International Service and Investment (国际科创服务) Cross-border innovation platform service combining industry-oriented innovation platform service with professional overseas investment, promoting domestic and overseas connection and technology innovation collaboration across Beijing, Boston, Singapore, and Hong Kong.

Quantifiable outcome

• 700+ technology firms supported through Haidian Guidance Fund ecosystem
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and notable.

• MTR Lab Company LimitedcoreStrategic or Co-development PartnerCross-border ecosystem partnership between MTR Lab (wholly owned subsidiary of Hong Kong's MTR Corporation) and ZGC Science City Ltd, focused on smart city and sustainable development. MTR Lab joins ZGC Science City's Z Hub scenario acceleration platform and leverages its global innovation network to help Chinese tech startups access overseas markets, while ZGC Science City refers high-potential startups for investment and collaboration. Collaboration spans AI, robotics, smart mobility, rail, retail, property, and construction sectors, aligning with China's 'new quality productive forces' national strategy.
• Nest.Bio LabsnotableStrategic or Co-development PartnerCross-border biomedical innovation platform (Boston-Singapore-Beijing) supported and invested in by ZGC Science City. Flagship international biomedical innovation lab in Beijing focuses on original innovation and commercialization of scientific and technological achievements.
• Beijing Medical Robotics Industry Innovation Center (IMC)notableStrategic or Co-development PartnerIndustry service platform co-built and supported by ZGC Science City, accelerating development of medical robotics as a key frontier industry.
• Zhongguancun IC CenternotableStrategic or Co-development PartnerIndustry platform service supported by ZGC Science City for integrated circuit design acceleration, part of the five key investment sectors.
• BioFront Therapeutics (Beijing)notableStrategic or Co-development PartnerProfessional service platform co-built by ZGC Science City to accelerate biopharmaceutical and frontier therapeutics development.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Tsinghua Holdings: Tsinghua University's investment arm and one of China's largest university-affiliated investment platforms. Direct peer because ZGC's Scientist Fund series explicitly leverages Tsinghua's electronics/robotics research base, and both operate as government/university-backed technology investment and incubation platforms anchored in Haidian District.
• CAS Holdings (Chinese Academy of Sciences Holdings): Investment arm of the Chinese Academy of Sciences and parent of CAS Star (Zhongke Chuangxing), which is one of ZGC's five founding Scientist Funds. Comparable as a state-backed R&D-to-commercialization investment platform deploying long-duration patient capital into deep tech originating from research institutions.
• Shanghai Zhangjiang Group: Municipal government-backed development and investment platform for Shanghai's Zhangjiang Hi-Tech Park. Highly comparable state-backed model that combines industrial park development, government guidance funds, and direct investment in frontier tech sectors to anchor a regional innovation ecosystem.
• Suzhou Industrial Park Sci-Tech Innovation Fund (SIP SciTech): State-backed sci-tech investment vehicle under the Suzhou Industrial Park administrative committee, focused on attracting and funding high-tech ventures in biomedical, IC, and AI. Compares directly as a regional government-led fund-of-funds and direct investment platform targeting frontier tech in a major Chinese tech cluster.
• Shenzhen High-Tech Investment (Shenzhen HTI): Shenzhen municipal government's venture capital arm focused on early-stage high-tech firms. State-backed, fund-of-funds-style operator targeting semiconductors, AI, biotech; directly comparable as a government-led tech investment platform in another tier-1 Chinese innovation hub.

Regional players

• Hangzhou Sci-Tech Innovation Investment (Hangzhou Sci-Tech): Hangzhou municipal government's technology investment arm supporting companies in AI, biotech, and digital economy. Comparable state-backed investment platform with similar fund deployment model but anchored in a different geographic cluster (Hangzhou/Zhejiang vs Beijing/Haidian).

Broad incumbents

• Hillhouse Capital: One of China's largest private investment managers with broad exposure across venture, growth, and buyout stages. Functions as a broad incumbent partner/competing allocator in the same ecosystem; ZGC's Innovation Fund co-invests alongside Hillhouse and other marquee names through sub-fund structures.
• Sequoia Capital China: Premier global VC with deep China exposure, LP'd into ZGC's SEE Fund alongside other frontier-tech sub-funds. Broad incumbent in the same deal ecosystem; competes with and complements ZGC across multiple sub-fund and direct-investment strategies.
• Sinovation Ventures: Founded by Kai-Fu Lee, Sinovation operates a major AI/digital-focused fund and runs one of ZGC's five flagship Scientist Funds (Innovation Works Scientist Fund). Functions as both a sub-fund partner and adjacent investor in frontier-tech and AI; comparable as a deep-tech-focused investment manager.
• Qiming Venture Partners: Top-tier Chinese VC firm with broad healthcare and tech investing coverage. Co-investor with ZGC in ShengShu Technology's Series A+ and operator of similar sub-fund structures; comparable as a deep-tech-focused VC manager and ecosystem participant.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments65 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Zhongguancun Science City Science