INNOVATIONS AUDIT OF INDUSTRIAL CLUSTERS: PROCESS AND MAIN TRENDS OF DEVELOPMENT.

Innovations audit in this paper is analysed as an assessment of the existing innovativeness level of Industrial clusters production and production-related processes to determine whether specific technologies and the totality of production processes correlate with technological developments in the relevant field. It should be noted that there is no commonly encountered economic approach to analyse the innovations and technologies in industry clusters. By using Analytical hierarchy process modelling, paper covers definition of Innovations (technology) audit meaning, provides systematic approach to the Economic indicators of auditing and the proof of concept on Technology and Energy consumption audit performance is analysed through the case of recent EU funding calls in Lithuania. [ABSTRACT FROM AUTHOR]