ECO-INNOVATION CONCEPT OF SUSTAINABLE URBAN DEVELOPMENT AND ITS INSTITUTIONALIZATION

Abstract

Article deals with the features of modern processes of urbanization, which determine the need to attach key importance to the processes of embedding the innovation factor as an immanent element of process of ensuring sustainable development of urban areas. Mechanism for ensuring the functioning of urban eco-innovation cluster is proposed, which presents the process of constructing new mechanisms for interaction between economic entities both among themselves and with environment at different levels of process of sustainable urban development.