Adhering to the innovation-led approach and strengthening the influence of digital inclusive finance on factor markets to empower enterprise innovation and development is the key to implementing the innovation-driven strategy and achieving high-quality economic development in China in the post-epidemic period. Therefore, based on the data of listed companies in China's digital industry from 2013 to 2020, this paper selects the basic industry of digital industry, i.e., the digital industrialization part, constructs the R&D index of enterprises in digital economy industry, and empirically examines the impact and mechanism of the development of digital inclusive finance on the innovation ability of enterprises. The study shows that: (1) the development of digital inclusive finance significantly contributes to the improvement of enterprise innovation capability, and this conclusion still holds after considering the robustness issue; (2) there are differences in the impact of the development of digital inclusive finance on enterprise innovation capability, i.e., digital inclusive finance has a significant positive effect on innovation input and innovation output of digital economy industry; (3) the development of digital inclusive finance has a significant positive effect on enterprise innovation capability by alleviating the regional (3) the development of digital inclusive finance has a positive incentive effect on enterprise innovation capability by alleviating the degree of distortion in the factor market; (4) compared with the central and western regions, the development of digital inclusive finance in the eastern region has a more significant positive effect on the enhancement of enterprise innovation capability.