The field of industry–university research cooperation policy is about to enter a new stage. It is necessary to systematically sort and summarize the literature, both at home and abroad, that has been produced in recent years. Through knowledge map analysis of the current situation regarding the development of industry–university research cooperation policy, from both domestic and foreign perspectives, taking the core documents included in the Web of Science and China National Knowledge Infrastructure database as samples, and through visual research on the time context, author, organization, theme, and other key nodes of industry–university research cooperation policy research, with the help of CiteSpace and NoteExpress measurement software, we can draw the following conclusions. Domestic research is relatively focused on colleges and universities; that is, industry–university research cooperation as a mechanism to cultivate innovative talents and improve scientific research and enhance social services, while foreign countries pay more attention to the technological utilization and technological innovation of enterprises and their accompanying economic benefits. Domestic and foreign research have their own characteristics, and the research quality of the two is equal. Generally speaking, research on the policy of domestic university research cooperation should focus on the following three points in the future: It must be closely related to the functions of colleges and universities, the nature of enterprises, and social needs; we must attach great importance to empirical research; and we must pay attention to cross-organizational research.