Shanghai Science and Technology Innovation Group

Shanghai Science and Technology Innovation Group (上海科创集团) is a state-backed investment institution with roots tracing to 1992, when the Shanghai government founded Shanghai Science and Technology Investment Corporation as one of China's earliest local venture capital firms . In its current form, it operates under Shanghai International Group (上海国投) and focuses on hard-tech and strategic emerging industries.

The group's recent deal activity shows a concentration on frontier technology. In April 2025, it joined Noematrix's Pre-A++ round for embodied intelligence , and by June 2026 it had invested in Xeonova, a field-reversed configuration fusion startup that raised 500 million yuan in Series A funding . These bets align with Shanghai's broader push to channel capital into scientific and technological innovation, a mandate that 暗涌Waves traced back to the post-1985 national technology reform era when local governments first began assembling VC-style institutions .

elsewhere's corpus does not cover the group's full AUM, organizational structure, or leadership team in detail.