Entrepreneurship, Innovation and the Transformation of Economic Development Mode

President Hu Jintao set the transformation of economic development mode as the nation´s new economic strategy in 2007 to replace the one formulated in 1995. This paper holds that the new economic development mode is essentially dependent on the innovative activities of entrepreneurs. By analyzing the inner connection between innovation and entrepreneurship and the transformation, this paper illustrates the important role of entrepreneurship in the transformation and suggests some measures for China to foster entrepreneurship.