Innovation Activity in Ukraine: problems, achievements and further development

Abstract

The article is devoted to problems of innovative activity in Ukraine. The current state of innovations is analyzed, the main problems and the prospects of development of innovation sector of economy are highlighted. The main parameters of the innovation sphere are considered - the share of innovative enterprises and the amount of financing of innovation activity and scientific research. Also, the main sources of innovation financing are considered. The prospects for using foreign investments, venture business and leasing schemes for financing innovations are highlighted. The most perspective sectors for Ukrainian business are selected. The gaps in the state regulation of innovation activity are noted: the lack of tax initiatives, the completeness of the legislative framework, the creation of an information infrastructure for interactions between the business sector, the science and financial sector. Limited public and financial sector resources, absence of tax initiatives explain the current absence of financial mechanisms to encourage the development of innovative enterprises.