Innovation Potential of the Region as a Basis of Reproduction of Economic Potential

The article considers the role of innovation potential of a region in ensuring stable social reproduction of economic potential. It identifies components of innovation potential, which characterise resources and ability to realise them, that identifies capabilities of territorial enterprises to develop in innovation manner. It underlines importance of development and adaptation of the methods of calculation of the overall development of innovativeness for Ukrainian regions with the purpose to assess the state of innovation activity in the country compared to neighbouring countries - EU members. The article offers an approach, which allows development of conceptual directions of innovation strategy of economic growth. It emphasises priority of establishment and support of the regional innovation system as a necessary factor of development of innovation infrastructure and gives proposals regarding the issue of creation of innovation structures in the region.