TusStar
TusStar is a Beijing-based technology business incubator and venture capital platform, originating from Tsinghua University's 1999 Startup Park, operating 200+ incubation bases across 90+ cities and 15 overseas locations to support startups in AI, biotech, advanced manufacturing, and aerospace.
- Company typePrivate
- Founded1999
- HeadquartersBeijing, China
- Headcount101–250
- GTM typeB2B
- OfferingServices
What TusStar does
TusStar (启迪之星孵化器) is a Beijing-based technology business incubator and investment platform incorporated in 2001 as Beijing TusStar Business Incubator Co., Ltd., operating as a subsidiary of TusHoldings (启迪控股) and originating from the 1999 Tsinghua Startup Park. The company runs a "Four-in-One" operating system that combines incubation services, angel investment, entrepreneurship training, and an open platform, supporting startups across sectors including AI, biotech, new energy, advanced manufacturing, robotics, and aerospace through physical incubation bases, an Online Service Platform (1,000+ providers, 1,800+ products, 200+ million RMB in transaction volume), and dedicated programs such as 钻石计划, 启迪∞计划, and the seven-step incubation method. The company's investment arm, TusStar Venture Capital (启迪之星创投), manages approximately 20 billion RMB across 20+ funds focused on early-stage hard-tech, with exits including 51 listed companies and 200+ billion RMB in cumulative equity returns. Its monetization mixes incubation service fees, angel investment returns, event and training revenue, corporate co-acceleration programs (Honeywell, Schneider, bp, AWS, Huawei, CIMC), government partnership contracts, and online platform transaction fees.
TusStar firmographics
Firmographics- Name
- TusStar
- Legal name
- 北京启迪创业孵化器有限公司
- Website
- https://tusstar.com
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- TusStar is a Beijing-based technology business incubator and venture capital platform, originating from Tsinghua University's 1999 Startup Park, operating 200+ incubation bases across 90+ cities and 15 overseas locations to support startups in AI, biotech, advanced manufacturing, and aerospace.
- Ownership category
- akta.pro rank
TusStar industry classification
Industry- Product category
- Business Incubation and Venture Capital Services
- SIC
- Services-Management Consulting Services (8742), Investment Advice (6282)
- akta.pro primary industry
- Accelerators & Incubators (Investor-Operated) (FSANAAAM)
- akta.pro secondary industry
- Corporate Accelerators & Startup Programs (FSANAHAD)
Keywords
Where TusStar is headquartered
LocationHeadquarters
- HQ city
- Beijing
- HQ country
- China
- HQ region
- Asia
Offices5 records
Markets served
TusStar business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain
Revenue model
- Angel Investment and Venture Capital: TusStar generates returns through equity investments in startups, with successful exits including companies like Zhongwen Online, Zhaogike Innovation, and Hy-Core. The venture capital arm manages 20 billion RMB across multiple funds.
- Incubation Service Fees: Provides enterprise services including business registration, human resources, intellectual property, legal services, and other value-added services for incubated companies, generating service fees.
- Event and Training Services: Organizes competitions, training camps, and acceleration programs for startups and local governments, generating revenue from event organization and training services.
- Online Service Platform: TusStar Online Service Platform with 1000+ service providers and 1800+ service products, generating transaction fees from service orders exceeding 200 million RMB.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
TusStar product offering
Product offeringCore offering
TusStar operates a comprehensive business incubation and early-stage venture capital platform providing startups with physical workspace, angel investment, entrepreneurship training, and an open platform under its "Four-in-One" operating model. The company runs 200+ incubation bases across 90+ cities (including 15 overseas) and manages approximately 20 billion RMB in venture capital funds focused on hard-tech and next-generation IT, biomedicine, new energy, and advanced manufacturing. An online service platform with 1000+ service providers complements the physical infrastructure, enabling full-lifecycle support from entrepreneurship education through IPO.
Product overview
TusStar (启迪之星) is a comprehensive technology business incubator and investment platform operated by TusHoldings. The platform operates as a multi-tiered ecosystem comprising the core TusStar Incubator (incubation services), TusStar Venture Capital (early-stage VC), and Plan One (micro-investment), along with supporting programs including the Diamond Plan (premium incubation), ∞ Plan (globalization support for specialized enterprises), and the seven-step incubation method (Dream Classroom, X-LAB, Mass Innovation Space, Acceleration Camp, Diamond Plan, Listing, and Global Network). The digital ecosystem includes an online service platform with 1000+ service providers and 1800+ service products, covering the full lifecycle from entrepreneurship education through IPO preparation across 200+ domestic and overseas bases.
Differentiator
Problem solved
Functional benefit
Brands
- 启迪之星孵化器: Core incubation platform providing space, services, angel investment, and training for startups.
- 启迪之星创投
- 启迪之星壹计划
Products and services
- TusStar Incubator (启迪之星孵化器)
- TusStar Venture Capital (启迪之星创投) Early-stage hard-technology investment platform managing 13+ VC funds with approximately 20 billion RMB in assets under management, focusing on next-generation IT, high-end equipment, biomedicine, and new energy materials.
- Plan One / YiJiHua (壹计划) Micro-investment program selecting outstanding startups from TusStar's incubation network for minority equity stakes with deep incubation services and resource support.
- TusStar Online Service Platform (启迪之星企业服务平台) Digital service platform with 1000+ service providers and 1800+ service products facilitating enterprise services for incubated startups including business registration, HR, IP, and legal services.
- Diamond Plan (钻石计划) Premium incubation program selecting high-potential tech companies for intensive support including funding, technology, talent, and industry resources, targeting world-class technologies and industry leadership.
- Infinity Plan (∞计划) Acceleration initiative launched to support specialized enterprises in building global market channels, with 58 enterprises signed in its first year.
- TusStar Acceleration Camp (启迪加速营) Intensive acceleration program for startups ready to scale, providing focused mentorship, resource matching, and market access support.
- TusStar Mass Innovation Space (启迪众创空间) Co-working and maker space providing physical incubation space for early-stage startups and entrepreneurs in early ideation phases.
- TusStar Dream Classroom (启迪梦想课堂) Entrepreneurship education and training program for university students and aspiring entrepreneurs, the first step in the seven-step incubation methodology.
- X-LAB (启迪梦想实验室) Dream laboratory program for validating and testing innovative business ideas with academic and industry mentorship, part of the seven-step incubation methodology.
- Tsinghua Science Park (清华科技园) Flagship technology park in Zhongguancun, Beijing, established in 1999 as the original Tsinghua University Science Park and home to TusStar's headquarters.
Quantifiable outcome
- 51 listed companies from the incubator network
- +4 more outcomes
Companies that use TusStar
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles4 records
TusStar technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
TusStar partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core.
- Tianjin Ziya Economic and Technological Development Zone (天津子牙经开区)coreJoint establishment of SCO Green Industry Innovation Center, focusing on green technology and sustainable development cooperation.
- University of Calabar (卡拉巴尔大学)coreStrategic cooperation to establish TusStar (Calabar) Innovation Center, focusing on tropical agriculture, local manufacturing, and new energy sectors for China-Nigeria technology and talent exchange.
- HoneywellcoreStrategic partnership for vertical industry acceleration in intelligent buildings and industrial automation, co-developing acceleration programs.
- Schneider ElectriccorePartnership for industrial automation and energy management acceleration programs, leveraging Schneider's industry expertise.
- British Petroleum (bp)corePartnership for clean energy and sustainability innovation acceleration, supporting startups in the energy sector.
- Amazon Web Services (AWS)coreCloud computing partnership providing AWS services and support for incubated startups, part of the global innovation network.
- HuaweicorePartnership for intelligent technology and 5G applications acceleration, supporting startups in the ICT sector.
- CIMC (中集集团)corePartnership for smart manufacturing and logistics automation acceleration, leveraging CIMC's industrial expertise.
- 200+ Universities WorldwidecoreExtensive partnerships with over 200 universities globally for source innovation cooperation, technology transfer, and talent cultivation.
- Tsinghua UniversitycoreOrigin and strategic partner; TusStar emerged from Tsinghua Science Park and maintains deep ties with the university for innovation and entrepreneurship education.
Scale indicators14 records
Recent moves7 records
Expansion highlights6 records
TusStar competitors and assessment
Company assessmentDirect peers
- Plug and Play Tech Center: Global innovation platform operating corporate-backed accelerator programs across multiple verticals and geographies. Highly comparable to TusStar's corporate partnership model with Honeywell, Schneider, AWS, and others.
- Y Combinator: The world's most prominent startup accelerator. Comparable to TusStar as a global accelerator/incubator offering seed funding, mentorship, and a large alumni network — though YC focuses on software/internet while TusStar emphasizes deep-tech.
- Techstars: Global accelerator network with mentorship-driven programs across multiple verticals. Comparable to TusStar's structured full-chain incubation model and corporate sponsorship structure.
- Founders Factory: Global incubator and venture builder with corporate-backed programs. Comparable to TusStar's corporate partnership model (Honeywell, Schneider, bp) for co-building and scaling startups.
- SOSV: Global accelerator/VC firm running multiple vertical-specific programs (HAX for hardware, IndieBio for biotech, etc.). Comparable to TusStar's vertical industry acceleration approach with deep-tech focus.
- 500 Global (500 Startups): Global venture firm and accelerator with programs across emerging markets. Comparable to TusStar's global incubator model, particularly relevant for international expansion into Southeast Asia, MENA, and Latin America.
Regional players
- Hong Kong Science and Technology Parks Corporation (HKSTP): Hong Kong government-backed incubator and innovation park. Comparable business model to TusStar with government-linked funding, but primarily serving Greater Bay Area and international tech companies seeking China access.
Broad incumbents
- Tsinghua Holdings (TusHoldings): TusStar's parent company — a diversified conglomerate built on Tsinghua University assets. Overlapping interests in tech transfer, real estate, and investment; parent of the subject company.
- Zhongguancun Science Park (Z-Park): China's flagship government-backed technology park and incubator ecosystem in Beijing. Overlapping with TusStar in serving Chinese tech startups with similar physical infrastructure and government partnerships.
Emerging players
- Chinaccelerator (Chinaaccelerator / MOX): China-focused early-stage accelerator and venture firm (part of the SOSV network). Comparable geographic focus and startup stage, though narrower in scale and corporate partnerships than TusStar.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
TusStar social profiles
Digital presenceTusStar financial estimates
Financial estimateRevenue estimate
Valuation estimate
TusStar leadership team
Management profileNumber of profiles
Profiles4 records
TusStar funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TusStar M&A and investment
M&A and investmentM&A
Investments153 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TusStar
What does TusStar do?
TusStar operates a comprehensive business incubation and early-stage venture capital platform providing startups with physical workspace, angel investment, entrepreneurship training, and an open platform under its "Four-in-One" operating model. The company runs 200+ incubation bases across 90+ cities (including 15 overseas) and manages approximately 20 billion RMB in venture capital funds focused on hard-tech and next-generation IT, biomedicine, new energy, and advanced manufacturing. An online service platform with 1000+ service providers complements the physical infrastructure, enabling full-lifecycle support from entrepreneurship education through IPO.
When was TusStar founded?
TusStar was founded in 1999. It employs 101 to 250 people.
Where is TusStar based?
TusStar is headquartered in Beijing, China, in the Asia region.
How does TusStar make money?
Four revenue lines are on record. Angel Investment and Venture Capital is the primary driver. The others are incubation Service Fees, event and Training Services and online Service Platform.
Who are TusStar's main competitors?
Direct peers on record are Plug and Play Tech Center, Y Combinator, Techstars, Founders Factory, SOSV and 500 Global (500 Startups). Hong Kong Science and Technology Parks Corporation (HKSTP) is listed as a regional player. Broad incumbents are Tsinghua Holdings (TusHoldings) and Zhongguancun Science Park (Z-Park). Chinaccelerator (Chinaaccelerator / MOX) is listed as an emerging player.
Does TusStar have an API?
No public API is recorded for TusStar.
What industry is TusStar in?
TusStar's product category is Business Incubation and Venture Capital Services. Its primary akta.pro industry code is FSANAAAM, Accelerators & Incubators (Investor-Operated), with a secondary code of FSANAHAD, Corporate Accelerators & Startup Programs. Its SIC code is 8742.