CURRENT STATE OF INNOVATIVE ACTIVITY OF INDUSTRIAL ENTERPRISES IN UKRAINE

Abstract

The development of human civilization is characterized by the evolutionary nature of transformations. The driving force behind this process has always been innovation. They are the main tool for coping with crisis phenomena, the emergence of which signals the need for change. Transformational processes of the world economy have an innovative nature: with global innovations the continuity of technological processes is involved, which causes fundamental changes in the system of socio-economic relations. The problem of development of innovation activity is especially relevant for Ukraine in the context of its integration into the world economy and the course of socio-economic transformation processes in the state. The formation of an effective innovative economy is the main means of ensuring balanced socio-economic development and the acquisition of appropriate positions. Research on innovation and innovation is developing dynamically. Foreign and domestic scientists and practitioners believe that one of the main factors of economic development is innovation and innovation. Innovation is recognized as a leading factor in socio-economic growth. Thanks to innovations, science has become a major productive force, and knowledge is a major asset. The development of individual settlements, cities, countries and whole regions of the world is directly related to certain types of activities that are decisive at one or another of its stages. The experience of the developed countries of the world shows that the development and stimulation of innovation activity is a guarantee of economic growth of both the individual enterprise and the economy of the country as a whole. Continuous innovation process is a condition for ensuring high competitiveness of both individual companies and national economies. Increasing the innovation activity of enterprises and intensifying the production of innovative products today is a condition of social and economic well-being in each state. Innovation activity is a key factor in increasing the efficiency of production, one of the components of the successful operation of the enterprise, therefore the intensification of the dynamics of economic growth of Ukraine’s economy implies the innovation of industrial enterprises. Consequently, the article thoroughly explored the peculiarities of development and financing of innovation activity in Ukraine, and suggested ways of activating innovation activity in the regions of Ukraine and directions of improving its financial support. Key words: innovation, innovation activity, intensification, state innovation policy.