Abstract:Under the network economy, the design of business models is expanded around the value proposition of in-incubated enterprises or expanded around the value proposition of external innovation body from the “elements-single point” and “value chain-linear” perspective, but they ignore the intrinsic link between the two bodies, so they cannot effectively design incubator’s operation and profit model. Different from linear thinking of the value chain, value-network will focus on the network as a whole from, emphasizing the cooperation of all parties to create higher value and achieving win-win situation and providing a new perspective for incubator’s innovation of business model. Therefore, it is necessary to analysis of the incubator business strategy, operation process and profit model around the basic value logic-“the value recognition-value proposition-value organization-value access”, to exert resources complementary effect and economics of connection effect among different bodies.