University-Enterprise Cooperation Project“( Excellent Talent Project”) provides an effective approach for the transformation of application-oriented undergraduate colleges, and this project highly benefits the university, enterprise and students. However, the unsound student quantitative evaluation system adversely affects the development of the project. Through the tripartite survey of this project, this article analyzes the present problems on the evaluation system, and proposes a new evaluation system for the project based on related experience of Taiwan area.