THE POTENTIAL FOR THE DEVELOPMENT OF INNOVATIVE ENTREPRENEURIAL ACTIVITY IN UKRAINE

The article examines the potential for the development of innovative entrepreneurial activity in Ukraine, emphasizing the role of innovation in economic growth and global integration. Government support, investment climate, and technological progress are crucial factors influencing innovation. Despite the significant potential, challenges such as insufficient funding for research and development, limited access to venture capital, and poor infrastructure impede progress. The study offers solutions to these problems, including improving legislation, promoting cooperation between science and business, developing startup ecosystems, and attracting foreign investment. Recent years have demonstrated dynamic changes in Ukraine’s innovation landscape. The growing number of startups supported by initiatives such as the Ukrainian Startup Fund and the expansion of the IT sector have strengthened the country’s position in the global technology market. International cooperation and a growing inflow of venture capital are contributing to the emergence of new technological advances and business opportunities. The current economic and geopolitical challenges require more strategic policies to sustain this progress. Government efforts to develop infrastructure, retain talent, and provide financial incentives play a critical role in creating an environment conducive to innovation. The formation of innovation clusters, strengthening of intellectual property protection, and active participation in global innovation rankings once again confirm Ukraine’s commitment to technological and entrepreneurial development. Strengthening these aspects is essential to ensure long-term economic sustainability and international competitiveness. The promotion of digital transformation in various sectors and the strengthening of public-private partnerships will further stimulate innovation. Ukraine can accelerate its transition to a knowledge-based economy by removing existing barriers and seizing opportunities, thus securing a stronger position in the global innovation ecosystem.