Abstract
The analysis of normative and legal support for innovative activity inUkraine, including peculiarities of the innovative legislation in the field of machine building has been conducted. The detailed analysis of the normative and legal framework for innovative activity of enterprises pointed to the numerous flaws that Ukrainian legislators have to correct towards rapprochement and integration of the national economic system to the system of EU countries. The article examines the legal mechanisms to support innovative processes in the economy of Ukraine through the creation of the concept of national innovation systems such innovative systems of developed European countries and the world, with subsequent widediscussion by Ukrainian society that will enable to engage citizens to the improving the national innovation system and unite society around this idea. Separately, emphasis is placed on their cognition of priority defense subsectors of machine building, around which other industries will work. The issue of legal ensuring for investment support of development and introducing innovations, reducing the tax burden on enterprises that implement innovations is separately considered in the article. The inconsistency of government action and legislative power that led to the outflow of investors fromUkraineis indicated in this paper. It has been proposed to finalize all regulation documents in accordance with the EU requirements and does not change them for a long period in order to get trust to theUkraineby foreign and domestic investors.
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