Abstract: The effectiveness of industrial policies in support of innovation is usually evaluated in five dimensions. First, the industry creation dimension evaluates the effectiveness of innovative industrial policies in creating new industries according to the scale and quality of future industry generation. Second, the industry growth dimension evaluates whether industrial policies have accelerated the growth of emerging industries and strategic emerging industries, making them grow faster than in natural evolution, according to the scale and quality of industry growth. Third, the industry upgrading dimension evaluates whether industrial policies have promoted the upgrading of technology, market, or management mode of these industries according to the upgrading success rates of strategic industries. Fourth, the industry transformation dimension evaluates whether industrial policies have effectively promoted the transformation of traditional industries to a new development mode according to the success rates of traditional industry transition and transformation. Fifth, the industry transfer dimension evaluates the effectiveness of industrial policies according to whether the industries' inward and outward transfers align with the objectives of the industrial policies.
