Abstract
The need in the development, improvement, increasing the efficiency of regional innovation systems is especially relevant at the present time. In terms of global competition, attention is increasingly drawn to the regions as sources of competitiveness. The regional dimension allows to take into account the specifics and peculiarities of the separate territory, prevailing industry and other factors affecting to the development effectiveness in the region, and as a result, the country as a whole. The study of the processes of functioning and assessment of the level of the regional innovation system development due to the need to develop and substantiate the development management of regional innovation system for improving the population's quality of life through innovative development of economy, and as a result, change and modernisation of the social sphere. Innovations, as one of the most important factors of economic development of the region, are the result of a number of targeted actions of the various parties of the innovation system, as well as a result effective functioning of its elements.
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