Innovative talent training is an important task of postgraduate education. From the survey of innovative postgraduate training in China, we conclude that there is still much room for improvement in the innovative postgraduate cultivation. The survey shows that insufficient professional practice, simplex training mode and a mismatch between postgraduates' abilities and employers' professional requirement are considered to be defects of the current postgraduate education, among which the training mode is a key factor that determines the talent-training quality. According to the quality composition of innovative talents and academic demands of the postgraduate, factors that determine the training quality of innovative talents have been analyzed and a cooperation mode which combines the effort of government, enterprise, university, institute and employer for innovative postgraduate cultivation is proposed. The connotation and mechanism of the mode are expounded in detail. Four suggestions in implementing the proposed model is also put forward based on the previous practice experience.