Ukraine's potential for innovation and its realization through international scientific and technical cooperation

This paper uses quantitative and qualitative measurements to assess comprehensive Ukraine's current potential for innovation. It argues that innovation plays a critical role in fostering the country's economic growth under conditions where social products are being intensively reproduced and are raising the country's competitive strength on the international arena. It reveals the peculiarities and major trends of innovation in Ukraine, as well as some yet undeveloped opportunities and presents ways to promote such activities in the context of international scientific and technical cooperation. It emphasises the need to diversify the format of international cooperation via the development of venture business, the creation of techno-cities and techno-parks, the formation of joint venture enterprises, and the execution of scientific projects and programs with certain international partners, primarily Russia and countries of the European Union.