The open innovations model’s implementation in case of Nizhnii Novgorod IT-cluster

In terms of current economic development desire to improve productivity and automate business processes is a key factor in the competition. In this regard, the development of the information technology industry has been growing rapidly for the past few decades. The life cycle of the product in this segment of the world economy is extremely small, and the product requires constant updates to meet the needs of customers and keep market positions. Therefore, many of the world market leaders actively apply the model of open innovation in its operations, achieving impressive successes.

Keywords: innovations, open innovations model, closed innovations mode, IT-cluster, outsourcing, modernization, competitive position, venture capital, R&D