Governance mode and formation mechanism of continuing education in colleges and universities from the perspective of stakeholders is studied in the paper. Continuing education is a kind of post-degree education, which is the extension and development of academic education; its main body of learning is adults, and it is a lifelong learning activity for social members who have received a certain degree of education or vocational education. Strengthening the technological innovation of enterprises is an important link to enhance the competitiveness of enterprises, and participating in the technological transformation of enterprises and developing new products and processes is an important content of university-industry research cooperation. Hence, this paper gives the novel ideas for improving the educational performance.