Models of innovation process in knowledge economy: implications for innovation policy in Ukraine

Abstract

The article analyses modern Ukrainian discussion on innovation and innovation policy and proves that that in domestic literature still prevails linear model of innovation, which is wrong in the knowledge-based economy. Evolution of knowledge economy and National Innovation System concepts are considered. The models of innovation process in knowledge economy are presented. The author argues that modern innovation policy is worked out on the basis of a narrow definition of innovation system and is focused is on science based innovation. Basic Ukrainian legislation on innovation policy and NIS is analyzed, necessary measures to build effective innovation environment are proposed.