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New Quality Productivity Promotion Center of the Ministry of Science and Technology
The New Quality Productivity Promotion Center operates as a direct subordinate public institution of China's Ministry of Science and Technology (MOST).
New Quality Productivity Promotion Center of the Ministry of Science and Technology
The New Quality Productivity Promotion Center operates as a direct subordinate public institution of China's Ministry of Science and Technology (MOST). It functions as a technology-transfer engine rather than a conventional fund — tasked with converting state-funded research into investable ventures. Deputy Director Xu Yi serves as the public face of the center, representing it at policy forums and international conferences. The center's mandate aligns with Beijing's "new quality productivity" push, which prioritizes advanced manufacturing, AI, biotech, and green energy. The center deploys capital across the full venture lifecycle, from seed and start-up stages through growth and expansion. Its strategy emphasizes deep partnerships with academic institutions and government bodies. Peking University is a named collaborator on projects spanning strategic emerging fields. The Ministry of Ecology and Environment also partners with the center to accelerate the commercialization of environmental technologies. This dual academic-regulatory sourcing model gives the center privileged access to intellectual property that originates inside China's most advanced laboratories. The center participates in the BRICS Working Group on Science, Technology and Innovation Entrepreneurship Partnership, a framework that facilitates international technology transfer and capacity building among member states. Its headquarters sits on the 15th floor of a commercial building on Fuxing Road in Beijing's Haidian District — the city's university-dense innovation corridor. Operational details such as total deployment capital and team headcount remain undisclosed in public records. The center's architecture as a public-service unit (公益二类事业单位) makes it structurally distinct from both state-owned investment funds and market-driven venture firms. It does not raise third-party capital and operates under the direct policy guidance of MOST. This grants it a mandate to accept longer time horizons and absorb technology risk that purely financial allocators cannot. Its succession structure is tied to ministry leadership cycles, and its portfolio decisions reflect national industrial planning priorities rather than LP return targets.
General information
Firm type
Government / Public Body
Location
Region
Asia
Country
China
City
Beijing
Corporate office
15th Floor, Zhongyi Pengao Yurui Hotel, No. 29 Fuxing Road, Haidian District, Beijing, China
Principals
Xu Yi
Deputy Director
Sector focus
Frequently asked questions
What is the center's mandate and how does it differ from a state-owned venture fund?
The center is a public-service institution under the Ministry of Science and Technology, not a fund. It commercializes government-funded R&D by connecting lab-stage innovation to venture-stage deployment. Unlike state-owned funds that prioritize financial returns, the center operates under policy guidance and can accept longer development timelines and higher technology risk. Its work supports national industrial planning goals in advanced manufacturing, AI, biotech, and green energy.
Does the center invest directly into companies or through intermediaries?
The center deploys capital across the venture lifecycle from seed to growth stage. Public records indicate it works through partnerships with academic institutions and government bodies rather than acting as a standalone fund. Named collaborators include Peking University and the Ministry of Ecology and Environment, suggesting co-developed ventures or sponsored spinouts from state-backed labs.
How does the center source its deal flow?
Deal flow originates primarily from China's elite academic and regulatory ecosystem. Peking University collaborates on cross-strategic emerging field projects, and the Ministry of Ecology and Environment partners on environmental technology commercialization. This dual pipeline gives the center access to intellectual property generated inside state-funded laboratories and regulatory sandboxes.
Who runs investment decisions at the center?
Deputy Director Xu Yi is the named representative who leads the center's external engagement at national and international conferences. The center operates as a direct subordinate institution of the Ministry of Science and Technology, meaning ultimate strategic direction rests with ministry leadership. Names of additional investment committee members are not publicly disclosed.
Does the center co-invest alongside external GPs or international allocators?
The center participates in the BRICS Working Group on Science, Technology and Innovation Entrepreneurship Partnership, which serves as a framework for cross-border technology transfer and capacity building. Whether this framework includes co-investment vehicles with international GPs is not detailed in public records. The center's official posture prioritizes international collaboration for technology diffusion.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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