MANAGEMENT OF INNOVATION ENTREPRENEURSHIP IN UKRAINE

An important factor in the state economic development is the introduction of innovative developments and the prioritization of state support for the innovation sector of the economy. Orientation on the formation of an innovative economy in Ukraine causes the need to intensify innovation processes both at the state level and at the level of entrepreneurship. The practice of the most innovative-active countries of the world convincingly testifies that small business is the driving force of innovative transformations. Therefore, the article is focused on the topical issues of exploring the features of this type of entrepreneurship activity and search for ways to use them. This will increase the innovation activity level of small businesses and, consequently, the level of the country's economy as a whole. In the domestic business environment start-up identified with the beginning of a new business aimed at commercialization of any innovations. The article deals with the peculiarities of the practice of managing startups in Ukraine. The funding sources for startups are analyzed. There is considered the world experience of features of the main ways of supporting start-up projects. Possibilities and obstacles to attracting funds for development and implementation of innovative projects in the current conditions of economic and political instability in Ukraine are revealed. The ways of overcoming the mentioned problems related to the startups functioning are outlined. Based on the above mentioned issues, the article provides a solution to this problem for beginning entrepreneurs in Ukraine, which involves attracting angels investors–private investors, local development institutions, venture capital funds, partnership financing, use of factoring functions, public funding — crowdfunding. There were also formulated recommendations on support and development of innovation activity in the field of venture investment.