The invention relates to an epulorhiza sp. strain S1 (CGMCC No.8145) and application of the epulorhiza sp. strain S1 in promoting of the growth of dendrobium officinale and the accumulation of dendrobium officinale polysaccharides. According to the application, a dendrobium officinale tissue culture seedling is taken as a material and is manually inoculated with the S1 (epulorhiza sp.) strain, after the tissue culture seedling and the S1 strain are co-cultured for 60 days, S1 fungus and the root of a host form a symbiotic relationship, the fresh weight increment, dry weight, plant height, stem height, stem diameter, number of nodes, internode length, number of tillers, number of fresh roots and polysaccharide content of the tissue culture seedling are remarkably higher than a contrast, and the polysaccharide content is 141.63% higher than the content of an uncultured seedling and is about 2.4 times of the polysaccharide content of the uncultured seedling. By utilizing a novel technique, the growth of the dendrobium officinale tissue culture seedling is greatly promoted, and the biomass and the polysaccharide content of the dendrobium officinale tissue culture seedling are increased; according to a technical method, the operability is strong, the high-quality dendrobium officinale tissue culture seedling can be produced, and high economic benefits are brought to an efficient cultivation technique and industrialization production of the dendrobium officinale.