Formation of a Linear Functional of Cluster Value for the Innovative Development of a Region

In order to create a value-oriented model of the innovation system of an industrial region, the article compiles a linear functional of the value of an innovation-industrial cluster for a region. Decomposition for this purpose of two-phase multiples of book value and revenue into fundamental variables allows us to more logically determine the reasons for the change in multipliers in the phases of rapid and stable growth of the company. This approach allows us to initially focus on the analysis of the most promising clusters. After such preparatory work, it is possible to form the value functional of the innovation and industrial cluster for the region, which linearly depends on two functions - the functions of the cluster innovative potential and innovative development. The value of this functionality should be positive in order that the function of innovative potential exceeds the function of innovative development of the cluster. This means that the company which is core of the cluster has enough innovative resources such as financial, production, labor and others to ensure long-term stable innovative development