Maliarchuk O. Financial mechanism of realization country's innovative policy

The conceptual and functional model of financial mechanism's regulatory impact on innovation development cycle, which is based on the integrated combination of methods, forms, tools of fiscal, credit, investment regulation economy according to the strategic priorities of social development is proposed. The essence of financial mechanism realization innovation policy as a set of integrative interrelated elements of innovation financial support system, which have an effective impact on production modernization; provisions on grounding the financial mechanism functional role in innovation and investment environment with consideration of financial instruments' systematic and effectiveness in stimulating innovation processes; approaches to the formation institutional fundamentals of financial support's innovation policy infrastructure, which will strengthen the regulatory impact financial mechanism on the innovation's life cycle and activates innovation processes, are improved. The implementation experience of the using financial measures realization innovation policy in the countries with advanced and transitional economies is generalized and systematized, that will enable to increase the effectiveness of financial support innovative economic model. Position for determining the financial and innovation policies interaction as a strategic priority of socio-economic development; main directions of improvement the financial mechanism of realization country innovation policy in part of increasing funding innovation sphere are developed.