Innovation and entrepreneurship have recently become a new direction of the higher education. The government has provided a platform for undergraduates who possess the talent for innovation and entrepreneurship and the desire to show their skills through various policies. These policies promoted the cultivation of innovative and entrepreneurial talents in colleges and universities, as well as the high-level employment of graduates. However, with the economic and social development of China, the students need to reach a higher standard in terms of innovation and entrepreneurship. The introduction of the policies will be both an unprecedented opportunity and an unpredictable challenge.