RISK MANAGEMENT OF REGIONAL INNOVATION PROCESSES

Abstract

The article summarizes the methodology for assessing the risks of innovative projects. A methodological approach to the formation of an investment program for territorial innovation clusters is proposed. An approach to forming teams of innovative projects has also been developed, characterized by the completeness of technical and entrepreneurial competencies, which makes it possible to formulate an investment program for the cluster by selecting the optimal combination of project options. This ensures a maximum of net present value within a given time frame, with a limited funding fund, and, in addition, a given value of an integrated quality indicator reflecting the level of achievement of the global goal of the cluster. Qualitative and quantitative methods of risk assessment are considered; it was concluded that innovative projects are in dire need of government support in the early stages of implementation in order to reduce the degree of uncertainty and riskiness of their implementation. Based on economic and mathematical models of decision-making by cluster participants, a mechanism for coordinating the interaction of subjects has been formed, which makes it possible to coordinate the interests of participants in financing an innovative project within the framework of the concept of single-level interaction of economic agents. The area of compromise that is necessary for consultations and negotiations, as well as for making management decisions on territorial innovation clusters, has been quantitatively determined. To minimize risks and increase the efficiency of budget financing, a risk management mechanism is proposed, which involves identifying the main risk factors at each stage of the innovation process and using government support tools aimed at minimizing them. The methodology for assessing the risks of innovative projects is generalized, qualitative and quantitative methods of risk assessment are considered; it was concluded that innovative projects are in dire need of government support in the early stages of implementation, in order to reduce the degree of uncertainty and riskiness of their implementation; To minimize risks and increase the efficiency of budget financing, a risk management mechanism is proposed, which involves identifying the main risk factors at each stage of the innovation process and using government support tools aimed at minimizing them.