Abstract: Through reviewing the existing relevant literatures, this paper studies the theoretical construction and empirical test of the triple helix model, and then explores its correctional path. Since Etzkowitz and Leydesdorff proposing the triple helix model, the theoretical research is increasingly deepening. The abundant empirical researches support the explanatory power of the triple helix model. The future development lies in discussing the n-helix model based on the governance theory; clarifying the role of the university, industry and government based on the innovation process; investigating the influence of the context through more case studies; strengthening the quantitative research in the background of Big Data.