Decision making on the technology transfer in regional innovation cluster under uncertainty and risk

Abstract

Regional innovative clusters unite various organizations related to high-tech industries, which is located in concrete region, on the basis of cooperative activity, common interests and complementarity to their functions, resources and capabilities. This accelerates research and development processes and provides market entry of final product that is of fundamental importance for competitiveness of manufactured product as well as of regional innovative cluster as a hole and region of its location. The paper aims to develop methods and recommendations on technology transfer in regional innovation cluster as a tool for optimization of risks of its innovation activity. They include the development of the methodology for decision making on transfer of technology in innovation cluster under uncertainty and risk. As a result, we made calculations on the conditional example, in accordance with proposed methodology. In conclusion, application of proposed methodology in regional innovation cluster allows to optimize risks at the stage of implementation of developed technology in the manufacturing of final product and to accelerate its market entry that can be considered as a factor of regional economic competitiveness.