By presenting and competitively analyzing the innovative city industrial policy of main cities in our country, the article gives some highlights of the policy: it supports the development of industry technology alliance; it shows characteristics of key industries orientation; it introduces social capital to promote industrial development, and it supports the development of the industry from perspective of innovative products’ commercialization. At the same time, the article points out when making industrial policies, we should: pay attention to combining traditional industries transformation with strategic emerging industry development; seek new industry opportunities from the combination of innovation elements; promote development and upgrade of industrial clusters; give great concern on the development of cultural and educational industry; create a good development environment.