State Policy for the Development of Innovative Entrepreneurship: Experience of Ukraine

The article's purpose is to analyze prospects for innovative development of entrepreneurship and generalize main directions of Ukraine's state innovation policy. Research methods are: monographic analysis, system analysis, comparative legal analysis, generalization, forecasting, etc. We substantiated the necessity for elaborating and implementing effective measures aimed at developing innovative entrepreneurship and increasing country's innovative potential due to the improvement of legal tools of the state policy for developing innovative entrepreneurship. We emphasized that there is possibility to develop Ukraine's potential of innovative entrepreneurship and strengthen commercialization of innovations due to the current legislation's improvement, particularly through implementing European law norms into the national legal system. It is proven that the effective implementation of scientific technical progress achievements can occur only under condition of establishing cooperation between scientific and educational institutions and enterprises; due to well-chosen financial, organizational and regulatory measures to support innovations' development and commercialization. It is concluded that formation of Ukraine's modern innovation policy should be based on the modernization of enterprises, active attraction of investments through participation in national and international projects, integration of information technologies into the production sphere and effective management solutions aimed at our state's participation in global innovation processes.