FORMATION OF INVESTMENT RESOURCES FOR INNOVATIVE DEVELOPMENT OF ECONOMY

Abstract

Introduction. In order to improve the competitiveness of economy of Ukraine, it is necessary to complete a complex modernization, which requires structural change of the economy, reconstruction and launch of modern production facilities on the level of industrial countries. Furthermore, the accumulation of capital, increase of innovative products production, strengthening of domestic market, improvement of social standards are the key elements to enhance economy’s competitiveness. Purpose. The article aims to develop theoretical and organizational principles and practical recommendations in order to improve the mechanism of investment resources of formation for innovative development of national economy. Results. Theoretical and organizational aspects of innovative development of national economy and its financial support have been considered in this research. Various indicator’s dynamics of national economic competitiveness and its investment capacity have been analysed and indicated. Furthermore, several methods of financing of innovative modernization have been discovered. Unused financial resources for industrial development have been determined. The authors have explained the need for their consolidation for certain purpose. Recommendations to improve the mechanism of consolidated funds from different owners have been worked out. The optimal structure of consolidated innovation fund has been analysed.