With the development of The Times, "science is the first productive force" has been recognized. Innovation plays an important role in enhancing comprehensive strength and promoting economic development. College students' innovation and entrepreneurship has become a trend, and more and more college students' innovative teams have been formed, in which the allocation and management of team capital is a very key link. This paper introduces the source and use of funds for college students' innovation and innovation teams and puts forward solutions to the problems of fund management and distribution in the process of team operation. According to many years of team capital management and reference to the relevant group team management experience, this paper also summarizes the experience and existing problems in financial aspects of team building over the years, draws the conclusion of solving the complex capital contradiction and puts forward some methods of team capital operation and management.