Abstract: “Science business” and “Relay innovation” are revealed to be the characteristics of the industrial innovation in biotechnology and nano industries etc,. Science business is analyzed through three connotations, which are science has become business, scientists turn into entrepreneurs, and Scientific discovery is the source of profit. The characteristics of science business are studied, which include the unity of science and technology, fundamental uncertainty, integration, heterogeneity and complexity of high-level, importance and symbiosis of small companies, significance of finance and intellectual property, and wide range of the conflicts. Then, the connotations of relay innovation are analyzed and the main relay relations are studied, which involve the knowledge innovation, intellectual property, financial and government support. The theoretical model of relay innovation is constructed based on these relations and the model is analyzed for the general application

摘要： 生物、纳米等新兴产业具有“科学商业”和“接力创新”特质。分析科学商业的科学成了商业、科学家成了创业者、科学发现成为利润源泉等内涵，以及科学与技术的统一性、根本的不确定性、高度的集成性、异质性与复杂性、小公司的重要性与共生型、金融与知识产权的关键性、冲突的广泛性等特征；研究接力创新的内涵，从知识创造、知识产权、金融、政府支持等主要接力关系入手构建接力创新的理论模型，并对模型进行普适性分析。

关键词: 科学商业, 接力创新, 现代生物技术, 创新范式, 新兴产业, Science Business, Modern Biotechnology, Relay Innovation, Innovation Pattern, Emerging Industries