The Formation of А Regional Innovation System. The Institutional Approach

Abstract

The historical and empirical approach to creating the national and regional innovation system is analyzed in the article. The use of institutional paradigm in shaping innovation system is investigated. The process of innovation systems' development in conjunction with the transition to an innovative economy is analyzed. The features and advantages of regional innovation systems are considered. The practical aspects for provision of innovative regional development in Ukraine that are a systematic approach to the economic transformation of the region, the need to create mechanisms for coordination of regional innovation policy and consideration of possible social development problems are outlined. Most important functions of the regional innovation system, such as search, economic, analytical, project management, information, mediation, organizational and investment, are identified. The project model of regional innovation system for Kharkiv region is offered.