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Machine building field is one of the leaders in innovation across the industry of Ukraine. In order to enhance competitiveness, the most important result of the introduced advanced technologies is the output of innovative products and replacement of an active part of the fixed assets of machine building companies at a high technological level. In the ranking of the World Economic Forum Ukraine occupied the 63 rd position among 139 countries on the criterion of “innovation factors”. The result is that most innovative technologies of high resource safeness and productivity remain unused. Innovative solutions in the machine building sector are able to provide a great increase in production output and profit. The dominant factor of the innovative machine building development is the government support.

The Government Support Provided to the Ukrainian Machine Building Companies for their Innovative Development