Abstract:Competition among countries on disruptive technologies and future commanding heights has largely turned into competition in industrial innovation ecosystems. Taking the disruptive graphene industry as a typical case, this paper uses the value network analysis method to study the structure、 interactive relationship and formation mechanism of the innovation ecosystem of the disruptive technology-forming industry. The study found that the innovation ecosystem of disruptive technology-forming industries is a dynamic, open and complex structure with interlaced and complex structural relationships. The self-adaptive system can be further subdivided into the core layer, auxiliary layer, and environment layer; There are interaction and coordination between multiple innovation subjects and innovation populations. In the future, the innovation paradigm of the innovation ecosystem should be elevated to the national strategic level, and different policies should be formulate for different stages of disruptive technologies forming industries. And consider how to give full play to the role of various subjects in stages from the perspective of the innovation ecosystem, to promote the formation of disruptive technologies into industries.