Abstract:As a combination of research, talent and market, university listed companies play an important role in driving the strategy of innovation-driven development in China. By reference to relevant literature, this paper established the LCCU innovation ability and the growth of the indexzsystem of structure, Leon With 40 universities in the five years from 2011 to 2015 of listed company of innovation and growth index data, using Canonical correlation analysis, explore the relation between this type of corporate innovation capability and its growth. The results showed that:LCCU innovation and growth is highly relevant. Further analysis found that this type of listed company of innovation Into the, research and development ability compared with innovative consciousness and environment affect the growth of the company more; Profit, operating, and hair ability to show more debt paying ability, market expectations also can explain LCCU stronger growth. In this paper, the research conclusion will To the healthy development of listed companies of colleges and universities and the innovation ability of ascension to provide certain theoretical guidance, and at the same time. For the company management, market investment and stakeholders to provide certain reference value.