This　paper　established　a　risk　assessment　index　system　based　on　six　aspects　of　environment,　technology,　production,　capital,　management,　market　by　comprehensively　analyzing　the　uncertainties　in　the　process　of　emerging　technology　industrialization,　and　gave　a　gray　level　synthesis　assessment　model　with　combination　of　AHP　(Analytic　Hierarchy　Process)　and　gray　clustering　method.　Finally,　the　practical　example　verified　the　accuracy,　validity　and　practicality　of　the　assessment　model.