The problem of state support of innovation ecosystems

This work is intended to be a theoretical generalization of key issues commonly faced by state support of innovative environments in Ukraine. To achieve this aim, it was necessary to solve theoretical scientific problems directed at minimizing the negative impact caused by the lack of state support for innovative environments. In the course of the research, the method of analysis, synthesis and systematization within the systemic approach were used. The framework of research was based on the legal regulation of the innovation system, academic and methodological works of domestic and foreign authors. Also, the study incorporated quantitative or analytical data obtained from government documents and magazines. The gaps and challenges in state support for innovation ecosystems in Ukraine are the focuses of this research. It identifies important problems that include poor funding, lack of coherent legal tender, ambiguous policy framework for support of small innovative business, and limited access to resources for new innovative firms. The absence of a unified regular approach to the legal regulation and the articulated innovation infrastructure, the weak ties between the academic and the business sphere, and insufficient integration of the innovation activities into the national economic development program make it difficult to develop a strong innovation system. Furthermore, this research demonstrates the lack of efficient technology transfer and technological translation systems, low levels of commercialization of research and development innovations, and meagre state support for startups venturing into the global market. The EU Joint Research Centre proposals suggest that legal changes, rationalization of legislation, higher funding of innovation ventures, and the formation of public-private partnership that can foster innovations transfer and development. These measures are crucial for Ukraine, and it is high time to increase international competitiveness to propel the country to balanced economic development with the help of innovations. Some findings of this study relevant to the state and aimed to provide recommendations for the development of strategic reforms for the creation of favorable conditions for the development of the innovation landscape of Ukraine. JEL Classification: O38, O30, L52, H25