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A high level of innovation is the main precondition for providing the competitiveness of industrial products in the foreign market. This paper deals with the identification of the prospects and risks of creating an innovative environment to stimulate the internationalization of industrial companies. It was determined that the main elements of such an innovative environment are: the innovation ecosystem, human capital, the level of scientific research and the level of introduction of new technologies. Based on data analysis, the paper investigates the main trends in the development of innovative activity in Ukraine during the last five years. The construction of the trend model showed that the Global Innovation Index score of Ukraine tends to increase by an average of 0.55 points annually. The paper also presents a detailed analysis of prospects and risks of creating and developing an innovative environment for promoting the internationalization of Ukrainian industrial companies. It was found that this process is impossible without solving the problems of financing education and science, stimulating the scientific cooperation of industrial companies with scientific organizations and universities, as well as creating an appropriate innovation ecosystem. Keywords—innovative environment, internationalization, industrial companies, innovation ecosystem, innovative activity

Creating an Innovative Environment for Industrial Companies Internationalization in Ukraine: Prospects and Riskf