Abstract
Latest development in the economic and business realm is currently influenced by the formation of cluster initiatives. There are several reasons for and various expected results from this kind of cooperation. Up to now lack of effort has been devoted to development and consequent evaluation of a consistent and comprehensive set of indicators that could be applied for the cluster settings. This paper outlines the multi-criteria model for evaluation of cluster initiatives and explains its inner structure. Since there is a lack of case studies focused on evaluation of cluster initiatives, the model is consequently applied and a particular cluster located in the Czech Republic is evaluated. The results reveal that five main groups of indicators can be successfully applied in the realm of the ICT industry. The cluster itself is considered as functional in terms of communication and cooperation processes. However, attention paid to innovations seems to be the weakest point.
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