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 municipal government established Shanghai Science and Technology Investment Company to address the commercialization gap for high-tech research achievements . In its current form, the group operates under Shanghai International Investment (上海国投) and functions as a venture capital arm focused on hard technology and strategic emerging industries .

The group's recent investment activity centers on frontier technology sectors. In April 2025, it participated in the Pre-A++ round of Noematrix, an embodied intelligence company developing "general-purpose brains" for intelligent robots . By June 2026, it had also backed Xeonova, a field-reversed configuration fusion energy startup that raised a 500 million yuan Series A . These bets align with its historical mandate: as 暗涌Waves noted, Shanghai's earliest tech investment vehicle was created specifically to channel capital into high-risk, high-return technology development .