Abstract: Under the innovation-driven development strategy, the university faculty-student innovation community has become a fundamental unit of scientific and technological innovation by reconstructing educational subject relationships and knowledge production models. Based on the theoretical framework of learning and practice communities, this study reveals its operational logic driven by goal consensus, relying on flattened organizations and dynamic knowledge interaction to achieve collaborative innovation. Practice shows that this model breaks hierarchical educational barriers, stimulates student creativity, and promotes the integration of research and teaching, forming a two-way empowerment system for talent cultivation and scientific innovation. To address challenges such as insufficient collaboration, disciplinary barriers, and value deviation, systematic reforms should be implemented through constructing industry-university-research networks, building interdisciplinary resource platforms, and reshaping academic ethics. By analyzing the interaction between faculty and students and the laws of knowledge production, this research provides theoretical and practical solutions for building higher education innovation ecosystems.