The concept of open innovation namely is that an enterprise levers external resources and transfers the external techniques (including patents) into the enterprise, obtaining additional profits. The idea of innovation service platform actually is derived from the concept of open innovation. In oversea, the innovation service platform is developing rapidly, but looked back home it still doesn't conduct a solid example. Through this research on innovation service platform business model, in addition to understanding innovation service platform, could be used as a reference while enterprise constructs innovation service platform in the future. This study collects the related papers to construct innovation service platform business model first, then uses this model to analyze the emerging service industry, deduces the analysis to set propositions and induces the platform business model and process.It infers that there are three kinds of roles to get involved among the business model of the innovation service platform, the customer, service platform for innovation intermediation and solution provider respectively. The managerial meaning of that is innovation intermediation platform to provide service, for the convenience of customer and of the solution provider both parties in trade. It must be with the specialization and network connectivity for the core competences, and can also become collaborative with the customer by leveraging complementary resource and partnership. Through searching, screening, sorting, strengthening, settling and storing creative concept by platform, innovation is created and value is delivered.Value shop and value network are the major value created logics for the service platform. Value shop service platform transforms the raw ideas and makes it accessible to market, intensively concentrated in filtering problems and working out for solutions. Value network service platform is more concentrated in network connection, helps the extended development of supply and demand for markets and becomes to be the platform of intensive information exchange to provide diversified solutions.