Abstract
In today's world, one of the important indicators of each country is the mechanism of its innovative development. It is proved that countries with stable and developed economic system, high standard of living, education, science and business sector have created and regulated a mechanism of innovative development. In order to create, launch and effectively operate the mechanism of innovative development in Ukraine, it is necessary to create favorable conditions while applying world experience and taking into account its capabilities and features. The article considers the content of the concept of "innovation development mechanism", identifies and analyzes the ten leading countries according to the Global Innovation Index 2019, highlights the main factors of influence of each country that have become key and common elements in successfully achieving innovation at the national level. The state and the business sector have given effective cooperation and interaction. The availability and sufficiency of resources for the creation of a mechanism of innovative development in Ukraine are studied, the main elements are identified and the scheme of interaction of these elements of innovative development is developed.
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