Abstract
The article highlights tools that can boost industrial modernisation to maintain the competitiveness of the region via innovation. These include the establishment of a market for competitive products and services using mechanisms that regulate the procurement of domestic high-tech products for state needs. Additionally, the improvement of mechanisms for partial financing of large innovation projects by the state and private business can stimulate investment in innovation-based industrial modernisation. Incentives for domestic enterprises to purchase modern technologies created by Ukrainian developers can encourage the adoption of innovative solutions. Other tools include the stimulation of industrial reform processes and creation of corporate structures that combine production and scientific and technical activities. These include centres of science and high technologies. Further development of the national innovation system should primarily aim to ensure systematic integration of all its elements and their effective interaction.
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