Abstract: The development of innovation and entrepreneurship activities of college students should be based on the ability of innovation and entrepreneurship, which is the key factor affecting the smooth development of innovation and entrepreneurship activities. Starting from the dual logic of theory and practice, based on the theory of entrepreneurship, entrepreneurial process, and professional competency, this research constructs four first-level indicators and 17 the evaluation index system of college students' innovation and entrepreneurship ability including two secondary indicators, so as to provide the basis for colleges and universities to carry out the adjustment of students' innovation and entrepreneurship ability training and talent training mode, improve the quality of talent training, provide high-quality, multi-level talent support for the healthy development of the social economy.

Key words: Innovation and entrepreneurship education, Innovative thinking, Entrepreneurial ability, Index system, Capability evaluation, Personnel training