Innovative entrepreneurship development in the region: challenges and ways to address them

The entrepreneurship sector in a market economy is becoming a major driving force of innovative development. This is due to the fact that in a competitive environment, in order to maximize profit growth, an entrepreneur is forced to produce a more complex and innovative product. Thus, entrepreneurship is an “accelerator” of innovation activity. In this regard, special attention has recently been paid to the activities of innovative entrepreneurship. Research findings allowed us to conclude that at the moment there are a number of issues that hinder the development of innovative organizations. Accordingly, the presence of such challenges impedes innovative economic development. It is especially important to identify these problems at the present time, when innovation has become one of the main national priorities. The aim of the work is to identify problems in innovative entrepreneurship development at the regional level and find ways to solve them. The research methodology involves using various scientific techniques: from general scientific to narrow ones. Special attention is paid to economic sociology methods (expert survey). Scientific novelty of the research consists in the development of tools that help to identify problems in the development of innovative organizations at the regional level. Practical significance lies in the fact that on the basis of the challenges identified, we propose directions to address them, which can be adopted by representatives of regional authorities in order to improve the innovation policy pursued in the region.