Abstract: Taking the output evaluation of scientific research projects as the starting point, this study synthetically considers the quantity and quality of papers produced by the projects, constructs the National Natural Science Fund Project H Index, and evaluates the academic value of the projects. The results show that the average output of 502 projects implemented by the Ministry of Informatics of the Natural Science Foundation in 2013 and finalized in 2016 is 7 papers with not less than 7 citations. The influencing factors of the academic value output of the fund projects are studied from three aspects: the characteristics of the projects’ applicants, of the projects themselves and of the applicants’ organizations. The results show that the characteristics of the projects’ applicants have a significant impact on the scientific research value output of the fund project, especially his/her academic research foundation. There are significant differences in academic value output of fund projects in different disciplines, while the situation of the applicants’ organizations has no significant influence on the academic value output of the projects.