Abstract:From the perspective of innovation driven,This paper defines the connotation and motivation of a new type R & D institution carrying on the innovative functions, and studies the mechanism of a new type R & D institution under different information conditions. Through the establishment of mathematical analysis model,We find: Under the conditions of complete information, all parties cooperate to establish a new type R & D institution, the participant will obtain economic and non-economic benefits. Even if there is no economic benefit, the participant can also obtain non-economic benefits, for example learning ability, innovation ability, management ability, etc. Under the condition of incomplete information, the higher the risk of innovative is,the greater the innovation income of a new type R & D institution gains . Finally, this paper puts forward relevant suggestions, in order to improve the innovative ability of a new type R & D institution.