Innovation and entrepreneurship education play an important role in development of higher vocational colleges, employment of students, and social service. On December, 2017, the state council published Several Opinions About Deep Integration of Industry and Education, which means it’s a positive signal to higher vocational colleges. In this article, we introduce the status quo and issues of innovation and entrepreneurship education of higher vocational colleges in China. Then, according to Basil Bernstein’s theory of the pedagogic mechanism, we analyze the mechanism of innovation and entrepreneurship education from four aspects in Zhejiang province. Major findings of this study include: (2) In the instructor training, Zhejiang Department of Education invite more lecturers from industry as civilian-run economy is very prosperous; (1) In student training, the ratio of student applications are higher than the national average as they have been influenced by business culture since childhood; (3) In the competition, most of projects are related to digital economy as e-commerce and logistic infrastructures are well developed in Zhejiang; (4) After a decade of exploration and development, makerspace has evolved from the early 1.0 hardware model, which only provided sites and equipment, to the 2.0 and 3.0 software models with capital docking and government support.