XIOPM Holding

What XIOPM Holding does

XIOPM Holding (西安中科光机投资控股有限公司, commonly branded as 西科控股/Xike Holdings) is a state-owned technology holding and commercialization platform wholly-owned by the Chinese Academy of Sciences Xi'an Institute of Optics and Precision Mechanics (XIOPM/CAS Xi'an Institute of Optics), headquartered in Xi'an, Shaanxi Province. Founded in 2012 with initial registered capital of 7.5 million yuan, it serves as the operational asset management vehicle for the institute, converting scientific research outputs into commercial enterprises and managing state-owned equity across the hard technology value chain. The company operates a five-pillar "Five Ones" (五个一) achievement transformation system covering a research institute (陕西光电子先导院, Shaanxi Optoelectronics Pioneer Institute), specialized hard-tech investment funds (including the 西科天使基金/Xike Angel Fund, 20 billion yuan Photonics Strong-Chain Fund, and a 74.1 billion yuan+ market-oriented early-stage fund system), technology space (three 曲率引擎/Qulü Engine parks for photonic chips, photonic manufacturing, and photonic sensing), professional services (星创科服), and a think tank (Global Hard Tech Innovation Conference).

The company's core technical platform is the Shaanxi Optoelectronics Pioneer Institute's pilot infrastructure, which houses China's only 8-inch silicon photonic chip pilot line in Northwest China and a 6-inch compound photonic chip intermediate platform, with process modules covering indium phosphide detectors, gallium arsenide RF devices, and silicon lenses. Its proprietary "1+N" flexible engineering platform model achieved a world-leading photonic integrated circuit (PIC) integration scale of 15,408 devices. The firm has invested in and incubated 480+ hard-tech enterprises with combined market value exceeding 6,300 billion yuan, cultivated 84 national "specialized, refined, and innovative" (专精特新) small giant enterprises, and produced three STAR Market (科创板) listings (炬光科技, 莱特光电, 源杰半导体).

Revenue is generated through five streams: (1) equity investment returns and management fees across the multi-tiered fund system, (2) transaction-based technology finance services including specialized loan products ("硬科技创新贷", "光子贷") developed with Bank of Communications, Shanghai Pudong Development Bank, and Industrial Bank, (3) rental and value-added services from the three science parks, (4) professional services fees through 星创科服, and (5) think tank advisory contracts. Revenue is not publicly disclosed; historical financials show total assets of 56.43 million yuan and net profit of 15.76 million yuan as of November 2018. The company is the core implementing platform for the Shaanxi provincial "Pursuing Light Plan" (追光计划) and "Leapfrog Action" (跃迁行动), giving it government-backed legitimacy within the photonics and hard technology ecosystem. Customer segments are primarily institutional: CAS research institutes, early-stage hard-tech startups, listed companies, provincial SOEs, and government/public institutions.

Name

XIOPM Holding

Legal name

西安中科光机投资控股有限公司

Website

https://xiopmh.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

251–500 employees

Short description

XIOPM Holding (西科控股) is a state-owned technology commercialization platform under the CAS Xi'an Institute of Optics, operating a comprehensive hard-tech incubation ecosystem across five pillars (funds, R&D pilot platform, parks, services, think tank) and managing 74.1 billion yuan+ in early-stage funds for 480+ photonics and deep-tech startups.

Ownership category

akta.pro rank

Product category

Technology Incubation and Investment Services

NAICS

Portfolio Management and Investment Advice (523940), Miscellaneous Financial Investment Activities (523999)

SIC

Investment Advice (6282)

akta.pro industry

PRIMARYHDAHAAAH

Optoelectronics & Photonics (LED/Laser/Optical ICs)

Hardware, Technology & Telecom/Semiconductors & Electronic Components/Integrated Device Manufacturers (IDMs)

Keywords

• Hard technology incubation
• Photonics investment platform
• Scientific achievement transfer
• Tech enterprise incubation
• Optoelectronics pilot manufacturing

Headquarters

HQ city

Xian

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Equity Investment Returns and Management Fees: 西科控股 raises and manages multiple specialized funds (西科天使基金 over 50亿元, 光子补链基金7.5亿元, 光子强链基金20亿元, 光子延链+并购基金) totaling over 74.1 billion yuan in the early-stage fund system. Revenue is generated through carried interest (carry), management fees, and equity appreciation from invested portfolio companies. The company co-founded 中科创星 as its primary investment vehicle in 2013, which manages the hard tech investment portfolio.
2. Technology Finance Services: 西科控股 provides financing services to hard tech companies including equity financing (helping portfolio companies raise over 100 billion yuan in equity) and debt financing through specialized products like "硬科技创新贷", "光子贷", "新兴产业贷". Revenue is generated through service fees, success fees, and ongoing financial advisory relationships with portfolio companies.
3. Science and Technology Space (Parks) Rental and Services: 西科控股 operates technology parks including 曲率引擎光子制造园, 曲率引擎光子芯片园, and 光子传感园, providing physical space and operational services to resident companies. Revenue is derived from rental income and value-added services (property management, utilities, shared facilities). The G60 曲率引擎硬科技先导科技园 in Shanghai Songjiang is under development (expected completion 2028).
4. Professional Technology Services: 星创科服 (Star Science and Technology Service) provides customized science and technology services including management capability improvement, policy consultation, talent recruitment, brand promotion, and industry对接. Revenue model includes service contracts and consulting fees.
5. Science and Technology Think Tank (智库) Services: 西科控股's think tank produces research reports, policy interpretations, and consulting services for the photonics and hard tech ecosystem. Services include research publications, policy advisory, and consulting engagements with government and industry clients.

Go-to-market motion3 records

Distribution channels6 records

Marketing channels8 records

Core offering

XIOPM Holding (Xi'an Zhongke Guangji Investment Holding Co., Ltd.) is the state-owned commercialization and asset management arm of the Chinese Academy of Sciences Xi'an Institute of Optics and Precision Mechanics. It operates a hard technology entrepreneurship ecosystem built on a 'Five Ones' model: one research institute (Shaanxi Optoelectronics Pioneer Institute), one fund system (over 74.1 billion yuan), one technical service platform (6-inch compound photonic chip and 8-inch silicon photonic chip pilot lines), one specialized technology space (Curvature Engine parks), and one think tank. Core offerings include equity investment, technology finance, deep incubation, technology parks, and professional services for hard tech and photonics startups.

Product overview

XIOPM Holding is a state-owned technology holding company under the Chinese Academy of Sciences, Xi'an Institute of Optics and Precision Mechanics. It operates as a comprehensive hard technology entrepreneurship ecosystem with five core service pillars: Technology Finance (科技金融), Technology Space (科技空间), Technology Service (科技服务), Technology Think Tank (科技智库), and Deep Incubation (深度孵化). The company manages the "Five-One" achievement transformation system comprising: the Optoelectronics Pioneer Institute (光电子先导院) for R&D and pilot production, hard technology funds including the Xike Angel Fund and 20 billion yuan Photonics Strong Chain Fund, professional technical service platforms including 6-inch compound optoelectronic chip and 8-inch silicon photonics chip pilot platforms, specialized science and technology parks (曲率引擎 photonics manufacturing/chip/sensing parks), and the global hard technology innovation conference and think tank services. The company runs the Curvature Engine (曲率引擎) science and technology business incubator, recognized as a national top-tier technology enterprise incubator, serving as the core platform for the Shaanxi provincial "Pursuing Light Plan" (追光计划) targeting a 100 billion yuan photonics industry cluster.

Differentiator

Problem solved

Functional benefit

Brands

• 曲率引擎 (Qulü Dunjing / Curvature Engine): Hard technology enterprise community and incubator brand operated by 西科控股, focusing on photonics industry cluster development. Includes photon manufacturing park, photon chip park, and photon sensing park.
• 追光计划 (Chasing Light Plan)
• 硬科技 (Hard Technology)

Products and services

• Curvature Engine Tech Enterprise Incubator (曲率引擎科技企业孵化器) National-grade excellence-level hard tech enterprise incubator operated by XIOPM Holding under a 'full-chain incubation' model integrating incubation with investment, pilot testing, services, space, and think tank resources. Currently hosts 60+ resident companies, of which 80% are photonic chip enterprises. Designed for hard tech startups needing integrated funding, R&D infrastructure, and ecosystem support.
• Hard Tech Enterprise Incubation Services (硬科技企业孵化服务) Full-cycle incubation services covering material, design, manufacturing, packaging and testing of common processes, providing 0-to-1 funding enablement, R&D pilot testing, and industrialization support for hard tech startups.
• 6-inch Compound Optoelectronic Chip Pilot Platform (6英寸化合物光电芯片中试平台) Compound semiconductor chip manufacturing pilot platform operated by Shaanxi Optoelectronics Pioneer Institute, providing R&D and pilot production capability for optoelectronic chips including indium phosphide detectors, gallium arsenide RF devices, and silicon lenses. Available to portfolio companies and external photonics enterprises.
• 8-inch Silicon Photonic Chip Pilot Platform (8英寸硅光芯片中试平台) Silicon-based optoelectronic chip manufacturing pilot platform, the first 8-inch silicon photonics pilot line in Northwest China. Provides R&D, pilot production, testing, and engineering services using a 'technology service + foundry' model for photonic integrated circuit companies.
• Technology Finance Services (科技金融服务) Equity financing, debt financing, industrial matchmaking, and policy consulting services for hard tech companies. Has helped enterprises obtain over 10 billion yuan in equity financing through a fund matrix structure.
• Technology Space Services - Curvature Engine Parks (科技空间服务)

Quantifiable outcome

• Over 480 hard tech companies invested/incubated with combined market value exceeding 6,300 billion yuan
• +6 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered important, core and minor.

• 陕西建控控股集团有限公司 (Shaanxi Construction Holdings Group Co., Ltd.)importantStrategic or Co-development Partner · 29 April 2025西科控股 and 陕建控股 conducted a joint party-building activity themed "党建引领凝众志 传感园区启新程" at the photon sensing industrial cluster project site on April 29, 2025. The partnership includes collaboration on the photonic sensing industry cluster construction and exploration of broader cooperation in technological innovation, achievement transformation, and engineering construction. The project is expected to be delivered by end of 2025.
• 中国电信陕西公司党委 (China Telecom Shaanxi Company Party Committee)coreStrategic or Co-development Partner · 18 July 2024The 光子产业链党委 and 中国电信陕西公司党委 signed an "党建翼联" (Party Building + Telecom) cooperation agreement and unveiled a "党建翼联共建示范党组织" (Party Building Telecom Joint Demonstration Party Organization). Both parties committed to exploring joint establishment of an integrated optical quantum research institute, focusing on quantum communication, quantum computing, and quantum precision measurement. The collaboration aims to leverage photonics technology and quantum science for industrial innovation, and was officially launched on July 18, 2024.
• 西安中科创星科技孵化器有限公司 (Zhongke Chuangxing Science and Technology Incubator Co., Ltd.)coreStrategic or Co-development Partner中科创星 was co-founded by 西科控股 and social capital investors in 2013 as the primary investment and incubation vehicle for hard tech companies. It operates the 曲率引擎硬科技企业社区 and manages the early-stage fund system (74.1 billion yuan). As a closely integrated ecosystem partner, 中科创星 is the core execution arm for investment and incubation activities.
• 陕西光电子先导院科技有限公司 (Shaanxi Optoelectronics Pioneer Institute Tech Co., Ltd.)coreTechnology or Integration陕西光电子先导院 is a key technology platform jointly initiated by Shaanxi Provincial Science and Technology Department, Xi'an High-Tech Zone, and 西安光机所. It operates the "6-inch compound chip + 8-inch silicon chip" intermediate pilot platform and is the only national manufacturing pilot platform for photonic integration in China. It serves as the core technical service platform within the 西科控股 ecosystem.
• 西安市人民检察院, 雁塔区人民检察院 (Xi'an Municipal People's Procuratorate, Yanta District Branch)minorStrategic or Co-development PartnerA joint party-building activity was held on March 22, 2024, focused on party building guidance and optimization of the business environment. The procuratorates and 西科控股 explored new models for party building and enterprise development, with the procuratorate's "Red Goose Leading" (红雁领航) party culture brand interacting with the photonics ecosystem.
• 科大国盾量子技术股份有限公司 (CAS Guodian Quantum Technology Co., Ltd.)minorStrategic or Co-development PartnerVice president 周雷 from 科大国盾量子 participated in the "光量成辉" 党建翼联 event, delivering a special topic presentation on "Quantum Information Technology and Application Exploration." Both parties are exploring cooperation in quantum communication technology and photonic technology integration within the photonics ecosystem.
• 光子产业链党委成员企业 (Member Companies of the Photonics Industry Chain Party Committee)coreStrategic or Co-development Partner22 member companies including 立德红外, 雷神智能, 博瑞集信, 奇芯光电, 炬光科技, 莱特光电, 源杰半导体, 知象光电, 赛富乐斯, 中科微精, 和其光电, 迪泰克, 唐晶量子, 飞秒光电, 亚成微电子 participate in the 光子产业链党委 ecosystem initiated by 西科控股. These companies represent the core of Shaanxi's photonics industry chain and benefit from shared resources, policy coordination, and collaborative innovation facilitated by the party committee platform.

Scale indicators11 records

Recent moves10 records

Expansion highlights7 records

Broad incumbents

• Oriental Fortune Capital (东方富海): Established Chinese VC firm with significant hard-tech and advanced manufacturing exposure, providing a benchmark for private-sector investment management of tech-focused portfolios at scale.
• In-Q-Tel: US intelligence community-affiliated not-for-profit VC firm that invests in critical and hard technologies with a strategic, non-commercial mandate. Globally analogous to XIOPM as a government/institutional-backed tech investment platform, though at a different scale and with different end customers.
• Plug and Play Tech Center: Global startup accelerator and corporate innovation platform operating industry-specific verticals. Comparable as an institutional incubator model but with a private-sector orientation and broader tech focus versus XIOPM's hard-tech specialization.

Direct peers

• Tus-Holdings (启迪控股): Tsinghua University-affiliated technology transfer and holding platform, operating a national network of science parks, incubators, and investment funds. Most directly comparable to XIOPM as a Chinese university/research institute-affiliated technology holding company that combines incubation, investment, and tech services under one roof.
• CAS Holdings (中国科学院控股有限公司): The asset management and investment arm of the Chinese Academy of Sciences, structurally analogous to XIOPM's parent relationship. Manages a much broader portfolio of CAS-affiliated enterprises across multiple tech verticals, providing a useful benchmark for state-owned CAS tech holding economics.
• China Fortune-Tech Capital (国科嘉和): CAS-affiliated venture capital firm focused on early-stage hard-tech investments, similar to XIOPM's Xike Angel Fund and Zhongke Chuangxing platform. Targets TMT, life sciences, and new materials with a similar institutional LP base.
• Suzhou Innovation Ventures (元禾控股 / Oriza Holdings): Suzhou Industrial Park-affiliated VC and tech holding platform focused on early-stage and growth-stage hard-tech investments. Closely comparable business model combining fund management with startup incubation services in a Chinese state-linked context.

Regional players

• Wuhan Industrial Investment Group (武汉产业投资集团): Regional state-owned investment platform operating in Wuhan/Optics Valley with comparable photonics industry chain investments. Functions as a geographic competitor in China's photonics cluster strategy and is often compared alongside Shaanxi's Chasing Light Plan.
• China Optical Valley (武汉光谷 / East Lake High-Tech Zone): National-level optoelectronics industry cluster and government platform that competes with Shaanxi's photonics chain for national policy attention, talent, and investment. Comparable as a regional photonic ecosystem builder with overlapping government-backed tenant and portfolio strategies.

Emerging players

• HAX (Shenzhen/Hardware Accelerator): Global hardware-focused accelerator with deep-tech portfolio focus. While smaller and private, it provides a useful comparison for incubator economics and hard-tech founder support services, even though geographic and customer overlap with XIOPM is limited.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance13 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries6 records

Funding overview

Funding rounds1 record

Investors2 records

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

M&A

Investments3 records

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

Frequently asked questions about XIOPM Holding