The authors of the article discuss the formation and functioning of technology platforms as a tool for scientific and technological innovation development at the local and global levels of the economic space. In the context of the innovation triple helix concept, the authors of the article define a technology platform as a special type of business model and mechanism for organizing the innovation process, based on the system of innovations inherent in a specific, relatively stable network that unites representatives of the state, business, science, and education around a common vision of scientific and technical development and general approaches to the development of new innovative technologies. The article presents the organizational network structure of a technology platform, considers the processes of the dynamic development of a technology platform in the context of cyclical economic processes, reveals the relationship between the growth of intellectual and innovative potential with the change of technological structures, and proposes conceptual and formalized economic and mathematical models of the coordinated development of the technology platform and its sub-platforms. © 2021, The Author(s), under exclusive licence to Springer Science+Business Media, LLC part of Springer Nature.