Abstract
Fast-growing companies in the form of startups create significant opportunities to revive the growth of the national economy, increase funding for innovation, develop new industries and increase international trade. The new realities of today's dynamic environment require the public and private sectors to find new methods and approaches to managing innovation processes. Establishing public-private partnerships and close cooperation between cities and regions with corporations, public sector organizations, and small and medium-sized businesses becomes noteworthy. In recent years, there has been an intensification of scientists' attention to the formation and development of startup ecosystems, the study of factors for their successful construction, and the development of policies to stimulate startup entrepreneurship. The article examines effective tools for the formation and development of the ecosystem of startups in different countries. The article examines foreign experience in the formation and development of startup ecosystems, identifies key factors for the successful development of national startup ecosystems, and outlines the main directions and stages of traditional innovation systems transformation into a flexible and efficient startup ecosystem. The author analyzes the foreign practice of public sector use of various tools for the formation and development of startup ecosystems, defines the role of the public sector in initiating the creation of local ecosystems and developing models to support them, policy development, and development of startups in the region.The article identifies the main differences between national innovation systems and startup ecosystems. Based on the review of scientific literature, a study of experts, international experience of successful development of startup ecosystems, the possibilities of its application in our country are analyzed; recommendations that can be taken into account when developing national policy of startup ecosystem are offered. When developing strategies for the initiation of startup ecosystems, it is necessary to consider the role of the public sector in developing models and mechanisms to stimulate startup entrepreneurship.
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