In the background of implementing innovation-driven development strategy, industrial technology research institutes develop rapidly in various regions. Based on review of the existing knowledge about regional industrial technology institute, a new understanding of the local industrial technology research institute is expounded by using theories of science, technology and innovation governance, collaborative innovation, project oriented organization. It is defined that the value of regional industrial technology institute is reflected in providing the?organizational?guarantee which can continuously realize transformation from laboratory scientific?and technological?achievements into enterprise products and industrialization.