Suzhou Innovation Investment Group

What Suzhou Innovation Investment Group does

Suzhou Innovation Investment Group (苏州创新投资集团有限公司, 苏创投) is a wholly state-owned investment platform established in 2022 under the Suzhou Municipal Government to serve as the principal capital implementation vehicle for Suzhou's '1030' modern industrial system — 10 key industrial clusters and 30 key industrial chains centered on electronic information, equipment manufacturing, biomedicine, and advanced materials. The platform was formed by consolidating multiple municipal investment entities including Guofa Venture Capital, Suzhou Science & Technology Innovation Investment, the Suzhou Angel Mother Fund, Suzhou Fund, the Suzhou Industrial Research Institute, the Science & Technology Investment Center (Science Recruitment), and the Suzhou Strategic Emerging Fund. As of end-2024 the group managed 806 billion RMB in cooperative fund scale with 245 billion RMB added during 2024, operated a portfolio of 63 listed companies, and invested directly in 92 projects (20 billion RMB) and through sub-funds in 350 projects (91 billion RMB) during the same year, attracting 540 billion RMB in co-investment.

The group's operating model combines three revenue lines: (i) fund management fees from a multi-tier fund architecture spanning 33 wholly-owned and controlled subsidiaries and 26+ sub-funds (most notably a 60 billion RMB AI Industry Special Mother Fund and ~220 billion RMB in AI-focused sub-funds); (ii) direct investment returns and carry through equity stakes and exits via STAR Market, ChiNext, the Beijing Stock Exchange, Hong Kong listings, and M&A; and (iii) financial services income from three subsidiaries — Guofa Financial Leasing (~120 billion RMB cumulative disbursements to 370+ clients), Guofa Technology Micro-lending (~60 billion RMB to 760+ SMEs), and Guofa Commercial Factoring (~90 billion RMB to 740+ clients). A distinctive structural feature is the 'investment-loan linkage' (投贷联动) program that integrates the group's equity due diligence with credit lines from Jiangsu Bank, China Construction Bank, and 7 other banks (via products including Suchuang Bao, Tianshi Dai, and Suchuang Dai), achieving a 1:1 investment-to-loan ratio and 65 billion RMB cumulative credit to 100+ angel-stage investees.

The group has raised capital both as LP capital from partners including the National Social Security Fund and insurance institutions, and through direct debt — issuing a 6 billion RMB first-tranche 2025 sci-tech innovation corporate bond ('25 Suchuang K1') at a 1.78% coupon, the lowest rate for an exchange-listed sci-tech bond in Jiangsu Province, with proceeds fully dedicated to '1030' system investments. In October 2025 a 17.15 billion RMB state-owned capital fund was established with multiple municipal SOE contributions. The leadership comprises Wang Mou (王牟), Party Secretary and Chairman; He Kun (何鲲), Deputy Party Secretary and President; Xu Xinhua (徐新华), Party Committee Member; and Sun Jiajun (孙家骏), Party Committee Member and Vice President. The platform was awarded 'First-Class' (第一等次) in the 2026 Suzhou municipal SOE performance assessment.

Name

Suzhou Innovation Investment Group

Legal name

苏州创新投资集团有限公司

Website

https://suzhoucg.com.cn

Company type

Private

Founded year

2022

Operating status

Operating

Ownership category

akta.pro rank

Product category

State-owned Venture Capital

NAICS

Other Financial Investment Activities (5239), All Other Financial Investment Activities (52399)

akta.pro industry

PRIMARYFSANAAAG

Impact / ESG Venture Capital

Financial & Insurance/Private Equity & Venture Capital/Venture Capital Firms

SECONDARYFSANAGAJ

Impact / ESG Multi-Manager Platforms

Financial & Insurance/Private Equity & Venture Capital/Fund-of-Funds / Multi-Manager Platforms

SECONDARYFSAEALAC

Venture Capital Fundraising Placement

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Placement Agents & Capital Raising Intermediation

SECONDARYFSANACAF

Industrials & Manufacturing Growth Equity

Financial & Insurance/Private Equity & Venture Capital/Growth Equity Firms

Keywords

• Venture capital services
• Equity investment management
• Government-guided funds
• Corporate financing solutions
• Hard technology investment

Headquarters

HQ city

Suzhou

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fund Management Fee Income: The group earns recurring management fees from managing multiple investment funds across its 7 subsidiaries and 26+ sub-funds focused on AI and strategic emerging industries. Fund types include angel funds, venture capital funds, strategic emerging industry funds, and co-investment funds.
2. Direct Investment Returns (Carry/Performance Fees): Returns from equity investments in portfolio companies through direct investment and fund-of-funds structures. The group has 63 listed companies in its portfolio and actively manages exits through IPO (main board, STAR Market, ChiNext, Beijing Stock Exchange, overseas), M&A, and equity transfers.
3. Financial Services Income (Lending/Leasing): Subsidiaries including Guofa Financial Leasing (6,750 million USD registered capital), Guofa Technology Micro-lending (300 million RMB paid-in capital), and Guofa Commercial Factoring (220 million RMB registered capital) generate income from financing lease, micro-lending, and factoring services to sci-tech SMEs and state-owned enterprises.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Suzhou Innovation Investment Group is a state-owned venture capital and equity investment platform established in 2022 under the Suzhou Municipal Government. It manages a multi-layered fund architecture through 33 subsidiaries, providing direct investment, fund-of-funds, and complementary financing (financial leasing, micro-lending, commercial factoring) to early-stage hard technology companies and strategic emerging industry enterprises aligned with Suzhou's "1030" industrial system.

Product overview

Suzhou Innovation Investment Group (苏州创新投资集团有限公司) operates as a state-owned investment platform providing comprehensive capital services for Suzhou's industrial development. The group manages a multi-layered fund architecture through 33 wholly-owned and controlled subsidiaries (including Guofa Venture Capital, Guofa Innovation Capital, Suzhou Angel Fund, Suzhou Science and Technology Investment, and various financial service subsidiaries), offering integrated services across the investment lifecycle including fund management, direct investment, investment-loan linkage (via financial leasing, small loans, and commercial factoring subsidiaries), and exit strategies. The group's service portfolio centers on the Suzhou '1030' industrial system, targeting strategic emerging industries including electronic information, equipment manufacturing, biomedicine, and advanced materials, with a network of 63 listed companies in its investment portfolio.

Differentiator

Problem solved

Functional benefit

Brands

• 25苏创K1: The bond name for Suzhou Innovation Investment Group's 2025 first tranche science and technology innovation corporate bond (New Industrialization), issued at 600 million RMB.

Products and services

• Suzhou Guofa Financial Leasing (苏州国发融资租赁有限公司) Provides financial leasing solutions including direct leasing, sale-leaseback, and vendor leasing for listed companies, state-owned enterprises, and innovative SMEs, focusing on full-cycle development needs of technology enterprises. Has disbursed nearly 12 billion RMB in financing leases serving over 370 clients.
• Suzhou Guofa Technology Small Loan (苏州国发科技小额贷款有限公司) Provides working capital loans primarily to technology-oriented SMEs and state-owned enterprises, offering flexible debt financing services. Has issued approximately 6 billion RMB in loans serving over 760 SMEs.
• Suzhou Guofa Commercial Factoring (苏州国发商业保理有限公司) Provides supply chain financing through accounts receivable factoring for supply chain core enterprises and SMEs. Has deployed nearly 9 billion RMB in receivables factoring financing serving over 740 clients.
• Suzhou Angel Entrepreneurship Investment Guidance Fund (苏州天使创业投资引导基金) Government-guided angel investment fund supporting early-stage technology startups, in partnership with 7 banks to provide 'Angel Loan' products through investment-loan linkage mechanisms.
• Suchuang Bao (苏创宝) Specialized investment-loan linkage product created by Jiangsu Bank specifically for Suzhou Innovation Investment Group and its fund portfolio companies, providing credit facilities for business operations, market expansion, and technology R&D.
• Angel Loan (天使贷) Investment-loan linkage product jointly launched by Suzhou Angel Fund and 7 banks, supporting angel fund portfolio companies with cumulative credit exceeding 6.5 billion RMB for over 100 invested enterprises.
• Suchuang Loan (苏创贷) Investment-loan linkage product cooperatively provided by Science and Technology Innovation Investment and China Construction Bank for projects invested by Chuangweilai Yihao Fund.
• Suzhou Innovation Investment Group Fund Cluster (苏州创新投资集团基金集群) Comprehensive investment fund portfolio managed by the group, including multiple sub-funds covering different industry sectors and investment stages from angel to growth and strategic investment, spanning angel funds, venture capital funds, strategic emerging industry funds, and co-investment funds.
• Listed Enterprises Portfolio (明星项目/上市企业) Portfolio of 63 listed companies invested by the group spanning biomedicine, new energy, electronic information, and advanced materials sectors, including Yingde Biotech, Zenergy, Hanbang Technology, InnoCen, Tianju Dige, and others.

Quantifiable outcome

• 63 listed companies in portfolio with successful IPO exits
• +4 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered minor and core.

• Suzhou Municipal Hospital (苏州市立医院)minorStrategic or Co-development Partner · 9 June 2026In '三服务' initiative, Suzhou Innovation Investment coordinated with Suzhou Municipal Hospital to conduct medical-enterprise matchmaking with invested companies including Yulu Qianxing Biotech and Ruiyixu Medical, promoting AI drug development and brain-computer interface technology commercialization.
• China National Building Materials Group (中国建材集团)coreStrategic or Co-development Partner · 28 May 2026Signed China Building Materials Science & Technology Innovation Fund at 2026 Suzhou Advanced Materials Industry Innovation Conference, co-organized with CNBM. Suzhou Innovation Investment acts as the investment management partner for the fund focused on AI+ materials industry.
• Zhangjiagang City Government (张家港市政府)coreStrategic or Co-development Partner · 24 April 2026Appointed as '张家港市金融招商合伙人' (Zhangjiagang Financial Investment Partner) at Zhangjiagang 2026 Financial Work Conference. Group participated in government-enterprise-bank-insurance forums.
• Suzhou Industrial Park AI Industrial Park (苏州工业园区人工智能产业园)minorStrategic or Co-development Partner · 9 June 2025Co-hosted Boya Robot headquarters signing ceremony and '高山S1' dexterous hand product launch event. Represents Suzhou Innovation Investment's ecosystem building in AI and robotics.
• Nanjing University Suzhou Campus (南京大学苏州校区)coreStrategic or Co-development Partner · 29 May 2025Jointly established '南苏创投工作站' (Nanjing-Suzhou Innovation Investment Workstation) to provide capital empowerment for '1030' industrial system through '翼企·融' investment matchmaking. Located at Suzhou High-Tech Zone InnoHarbour innovation hub.
• Galaxy General (银河通用)coreStrategic or Co-development Partner · 19 April 2025Jointly signed Suzhou Embodied AI Robot Training Center and Galaxy General Robot Project with Suzhou High-Tech Zone and Suzhou Innovation Investment. Building '3 Centers + 1 Base' cooperation system (training center, application showcase, R&D center, production base) for embodied AI robots.
• Suzhou Industrial Park (苏州工业园区)coreStrategic or Co-development Partner · 1 January 2025Long-term strategic partner for investment attraction and industry development. Multiple invested companies including YingBio and Galaxy General are located in Suzhou Industrial Park. Jointly organized '苏创共链' industry empowerment events.

Scale indicators16 records

Recent moves8 records

Expansion highlights7 records

Broad incumbents

• Shenzhen Guosen Venture Capital (深圳国信弘盛): State-affiliated VC platform backed by Guosen Securities; broader incumbent with overlapping state-backed VC operations in strategic emerging sectors across China.
• China Reform Holdings (中国国新): Central state-owned capital operation company focused on strategic emerging industries; broader incumbent operating at national level with overlapping investment activity in similar sectors as a policy-driven capital platform.
• Beijing State-Owned Capital Operation and Management (北京国有资本运营管理): Beijing municipal SOE platform managing state-owned capital across multiple sectors including VC; broader incumbent with overlapping municipal-level capital deployment in hard tech.
• SDIC Fund Management (国投基金): Subsidiary of China National Investment Corporation managing government-guided funds and direct investments in strategic industries; broader incumbent with significant VC/PE activity overlapping with state-owned VC platforms.

Direct peers

• Shanghai Science and Technology Investment (上海科投): Shanghai municipal state-owned venture capital platform with similar government-backed structure investing in strategic emerging industries; directly comparable in scale and policy mandate.
• Oriza Holdings (元禾控股): Suzhou-headquartered VC platform with strong ties to Suzhou Industrial Park; directly comparable as a regional VC platform operating in the same Suzhou ecosystem with similar portfolio overlap.
• Shenzhen Capital Group (深创投): China's largest municipal-level state-owned VC platform, established by Shenzhen government; directly comparable as a government-backed, multi-fund VC platform investing across full enterprise lifecycle in strategic emerging industries.
• Zhongguancun Development Group (中关村发展集团): Beijing municipal state-owned integrated tech-industry investment platform; directly comparable as a municipal SOE VC with full-lifecycle investing, sub-fund management, and industrial ecosystem focus on hard tech.
• Hangzhou State-Owned Capital Investment (杭州国投): Hangzhou municipal SOE investment platform managing government-guided funds with focus on digital economy and hard tech; comparable municipal-level VC platform with similar ecosystem-building mandate.
• Addor Capital (国投创合): State-owned national-level VC fund manager under China National Investment Corporation (SDIC) with similar government-guided fund structure; directly comparable as a Chinese state-owned VC platform serving strategic emerging industries.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries33 records

Funding overview

Funding rounds

Investors

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

M&A

Investments35 records

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

Frequently asked questions about Suzhou Innovation Investment Group