Determining evaluation elements and their structure underlies the evaluation of innovation and entrepreneurship education. This study, based on Grounded Theory and interviews, proposes using a three-dimensional structural VPR evaluation model for innovation and entrepreneurship education. The VPR evaluation system consists of three first-level indicators (value, process, and result), eight second-level indicators (spiritual value, realistic value, policy input, educational input, students' development, enterprise development, entrepreneurial performance, products and achievements), and 29 third-level indicators. This evaluation model, characterized by multiple dimensions, multiple levels, and multiple components, stresses the combination of spiritual value evaluation and realistic value evaluation, developmental evaluation and performance evaluation, and short-term evaluation and long-term evaluation. It enriches the evaluation of innovation and entrepreneurship education, providing a theoretical reference for its practice. [This article was translated by Desmond Cheung.]