Zhejiang Province Venture Capital Group Co., Ltd. was established in September 2000. It is a specialized venture capital institution approved and filed with the Zhejiang Provincial Development and Reform Commission (formerly the Planning and Economic Commission). It is among the first batch of professionally managed, market-oriented venture capital institutions in China. The company’s core business is equity investment, and it is a fund manager registered with the Asset Management Association of China, managing funds with committed capital totaling nearly 10 billion yuan. The company’s shareholders are: Zhejiang Provincial State-owned Capital Operation Co., Ltd., Zhejiang Energy Power Co., Ltd., Zhejiang Juhua Co., Ltd., and Zhejiang Jiaxing Jiaguo Heqi Investment Co., Ltd.

As a key investment entity backed by Zhejiang Province’s state-owned assets, the Venture Capital Company shoulders the important responsibility of building a high-level innovation and technology investment platform. Over the past two decades since its establishment, the company has remained steadfast in its mission to serve the real economy driven by science and technology innovation. With the goal of delivering “high-quality venture capital,” it adheres to an investment philosophy that emphasizes “30% investment and 70% service.” Focusing on the world’s cutting-edge scientific and technological frontiers, the main battlefields of the economy, major national needs, and people’s health and well-being, the company concentrates on emerging fields such as new materials, high-end equipment manufacturing, and new energy. At the same time, it is deeply engaged in areas like “Artificial Intelligence Plus,” life sciences and health, and flexible electronics. The company pays close attention to early-stage and start-up projects, having established a long-term, stable development model integrating “industrial chains, incubation, and capital.” It plays an active role in fostering clusters of listed companies and incubating innovative (leading) enterprises, thereby becoming a primary engine driving the development of the science and technology innovation industry.

The company adopts a unique investment approach characterized by "industry mapping, value discovery, and value-added services," providing portfolio companies with comprehensive solutions—from business positioning and business model restructuring to management transformation and IPO preparation—thus earning a solid reputation within the industry. To date, among the company’s invested projects, 19—including Western Materials, Ruitai Technology, Xingyuan Environment, Huatie Emergency, National Inspection Group, TianTie Shares, Zhejiang Mining Shares, Jieqiang Equipment, Yongmaotai, Global New Materials International, HuaHai Qingke, Pinming Technology, Qiaoyuan Shares, Huaguang New Materials, Hongchang Technology, Yubang New Materials, Opti, LianLian Digital, and Zhongxin Environmental—have been listed on capital markets such as the Main Board, ChiNext, STAR Market, and the Hong Kong Stock Exchange.

The company places great importance on the integration of industry, academia, and research. It actively promotes the establishment of regular exchange mechanisms with key universities, national (and provincial)-level key laboratories, and research institutes. To date, the company has forged long-term cooperative relationships with numerous research institutions, including Zhejiang University, Westlake University, Zhijiang Laboratory, the Shanghai Institute of Optics and Fine Mechanics of the Chinese Academy of Sciences, the Ningbo Institute of Materials Technology and Engineering of the Chinese Academy of Sciences, the China National Building Materials Research Institute, and the Northwest Institute for Nonferrous Metal Research. Through these collaborations, the company has built integrated advantages across upstream and downstream segments of various industries.

Leveraging its years of accumulated industry influence and investment strength, the company’s investment team has served as chief judges for the Ministry of Science and Technology’s Innovation and Entrepreneurship Competition, the Ministry of Industry and Information Technology’s Technology Achievement Transformation Competition, and the Ministry of Human Resources and Social Security’s Postdoctoral Innovation and Entrepreneurship Competition—the national finals of each. The team also serves as a review expert for Zhejiang Province’s “Vanguard” and “Leading Goose” programs, major provincial-level science and technology initiatives, Zhejiang Province’s leading innovation and entrepreneurship teams, and the province’s “Thousand Talents” and “Ten Thousand Talents” programs. For eight consecutive years, the company has been recognized as an “Outstanding Venture Capital Institution in Zhejiang,” and has received numerous honors including “Best Venture Capital Institution in the Yangtze River Delta Region,” “Top 10 Venture Capital Enterprises in Zhejiang Province,” “Top 10 Local Investment Institutions in Zhejiang,” “Best Investment Institution for Supporting Growing Enterprises in Zhejiang,” “Most Promising Investment Institution in China’s New Energy Sector,” and “Top 50 Venture Capital Institutions in Zhejiang 2024.” Currently, the company holds the position of vice president of the Zhejiang Provincial Venture Capital Association.