Model of Creation and Management of the Process of Technological Projects Development

Besarion C. Meskhi, Mikhail A. Izotov, Yulia S. Knyazeva, V. Simonyan
European Research Studies Journal, Volume XIX, Issue 2, 135-143, 2016
DOI: 10.35808/ersj/528


The purpose of the article is to determine and describe main principles and model of development of regional business accelerator on the basis of technical university for development of innovational startups. The research included the work on identification of the problems of the process of commercialization of technological developments, which business accelerator should solve. One of the basic purposes of creation of business accelerator is increase of the flow of prepared projects for consideration by investment committees of funds of early stages. Accelerator can be a full-scale unified mechanism of formation of deals flow from diversified mass of completed R&D. As a result of the research, the authors come to a conclusion that the process of creation of value and movement from prototype to entering a market supposes long chain with formation of various risks at each stage – scientific, financial, administrative, etc. Minimization of such risks requires from partners, involved with the work of business accelerator, solving emerging problems together. Such motivation could be formed by development of business accelerator by the principles of partnership and creation of equal access and rights for basic members.

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