The conventional product of exponentials
$\left(\rm POE\right)$
-based methods dissatisfy the parametric minimality for the kinematic calibration of serial robots due to overlooking the magnitude and pitch constraints. Thus, the minimal kinematic model is presented to solve this problem, which can be developed further. This paper puts forward an improved algorithm for the minimal parameter calibration. An actual kinematic model with the minimal parameters
$\left(\rm MP\right)$
is constructed according to the geometric properties of actual joint twists in the auxiliary frames established on the basis of the nominal joint axes. Then, the initial pose error is defined in the tool coordinate frame, which is expressed as the exponential map of the twist, and all twist descriptions are unified, so as to give a unified kinematic model in mathematics. By differentiating the kinematic model, a minimal error model is derived in explicit form. Subsequently, we propose a novel parameter identification method, which identifies the orientation error and position error parameters separately by the iterative least-squares method and updates the MP uniformly. Finally, the simulations and experiments on the different serial robots are conducted to verify the correctness and effectiveness of the proposed algorithm. The simulation results show our calibration algorithm outperforms the existing ones in the accuracy aspect, and the experiment result shows that the absolute pose accuracy of the UR5 industrial robot is upgraded about 9 times under a statistics sense after the calibration.