This article explores the nature and connotation of innovation, constructs a function-analyzing model for innovation systems based on the newly interpretation of innovation, and investigates the function evolution process of China's wind power industry. We argue that the nature of innovation is a complex value creation process, and the main function of an innovation system is to create new values, including scientific value, technical value, economic value, social value and cultural value. There are inherent relations between the composition and structure of innovation system, the function of innovation system and innovation policies, and these three modules together form a closed loop. The function evolution analysis of China's wind power sectoral innovation system shows that the development of China's wind industry has stage characteristics and follows both policy routes and technical routes.
Key words
innovation /
innovation systems /
function analysis /
dynamic evolution
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