INNOVATIVE DEVELOPMENT OF THE REGION: THEORETICAL ASPECT

Purpose. The aim of the article is to study the theoretical aspects of innovative development of the region. Method-ology. To solve the tasks set in the article, a wide range of theoretical and empirical methods of scientific knowledge were used: theoretical generalization - in clarifying the content of the definition of «innovative potential of the region», «innovative development of the region»; synthesis – in the development of the sequence of stages of innovative devel-opment of the region, statistical methods of comparative analysis to study the level of innovative development of the regions of Ukraine Results. It is determined that the tasks of innovative development of the region are to provide its resources and create conditions for the transfer of results between stages of the innovation process through the activi-ties of regional development institutions. In the innovative development of the region it is necessary to take into account the role of different resources in the creation, dissemination and use of ideas, knowledge and, consequently, innovative results the only mechanism that can be the basis for making management decisions. Problems of innovative development of regions are identified: lack or weak involvement in the innovation process of research and scientific organizations capable of creating advanced technologies in demand by the market; insufficient production base for scaling develop-ments, due to high wear and low intensity of modernization of existing production facilities; complexity and opacity of the mechanism of selection and financing of innovative projects, underdeveloped system of tax incentives; problems of involving enterprises in the innovation process due to high risks of unprofitability of investment projects; limited infor-mation on the source of production of innovative goods, services, technologies; Irregularity of statistical data The pres-ence of the listed problems of innovative development of regions leads to the need to expand the understanding of the factors and reserves not involved in modern mechanisms of activation of sources of innovative development of regions. Originality. The novelty of the research is based on the expansion of the conceptual apparatus of the innovative devel-opment of the regions; in the application of the resource approach to the substantiation of theoretical provisions for innovative development of regions. Practical value. The main results of the conclusions, which are carried out in work, can be used by the regional bodies of state power for the development of that strategy, policy and program innovation development of the territory.