SDIC Innovation Investment Management is the private equity and venture capital arm of State Development & Investment Corp. It was founded in July 2009 and is headquartered in Beijing, China, with an additional office in Asia. The firm targets investments in mobile internet, the Internet of Things, cloud computing, big data, and information technology services. It also focuses on intelligent robotics, intelligent manufacturing, industrial robotics, electric and new‑energy vehicles, high‑end medical equipment, advanced diagnostics, modern agricultural equipment, high‑end ships, marine engineering, rail transport equipment, new materials, clean energy, energy conservation, environmental protection, financial services, advanced manufacturing technology, industrial internet, media, technology, and healthcare. For new‑energy vehicles, it prioritises the intelligent upstream and downstream chain, power batteries, power systems, and advanced technology supply chains. In advanced manufacturing, it prefers medicine and health sectors.