Purpose. The aim of the article is substantiation of the use of the importance of the main postulates of the smart specialization mechanism to realize the innovative potential of the regional economy.
Methodology of research. The methodological basis of the research is the dialectical method of scientific knowledge. General scientific and special methods were used in the research process, in particular analysis and synthesis, dialectical – to determine the initial conditions and content of smart specialization; analytical – when processing literary and Internet sources; causal – to determine the institutional support of smart specialization; abstract and logical – for delineating the main directions of functioning of smart specialization, forming conclusions and proposals.
Findings. The issue of the essence, structure and features of the operation of smart specialization in the EU and Ukraine was investigated; the institutional units ensuring its formation are specified. The peculiarities of the content of smart specialization are considered, and the peculiarities of its components are determined in order to achieve economic, innovative, organizational, technological and social goals. The relevance of the study of issues related to the introduction of smart specialization for the development of the regions of Ukraine based on the recommendations of international organizations and the formation of appropriate normative and legal and innovative support is substantiated.
The composition and main problems of innovative provision of smart specialization are formulated, and practical recommendations are given for its adaptation by subjects in the form of recommendations, which will make it possible to increase the efficiency of regional development management.
Originality. The substantiation of the newest directions of smart specialization in the Ternopil region on the basis of innovations has been further developed.
Practical value. Substantiated research results can be used to create and develop promising industries of the 21st century.
Keywords: smart, smart specialization, strategy, innovation, entrepreneurship, energy, regional economy, project.
