DIVERSIFICATION OF FINANCING SOURCES OF HEIS IN UKRAINE

In the conditions of information economy, is growing the role of sectors capable of generating new knowledge, thus contributing to the country's economic development. The intellectual and innovative potential of the higher education system can transform the higher education institutions (hereinafter HEI) into one of the key drivers for activating the processes of the information economy formation.In modern social-economic conditions, is becoming urgent to modernize the higher education system in response to the actual demands of the external economic environment; the modernization processes require adequate funding. Taking into account the potential and the tendency of HEIs transformation into economic entities, it is important to create the preconditions for diversification of their funding sources at the state level.The financial aspects of the HEIs functioning, the aspects of diversification of funding sources of higher education system are being researching by the number of scientists: Kaleniuk I., Bogolib T., Kuklin O., Tsymbal L., Buchkovskaya Ya., Radionova I., Komarova I., Volikov V., Devol R., Lee J., Ratnatunga M., etc.Problems of diversification of financial sources require further research, in particular — the prospects of commercialization of universities’ research results.The research objective: study of diversification of financing sources of the Ukrainian higher education institutions.The article analyzes tendencies of financing of the Ukrainian higher education system. The analysis demonstrated a gradual reduction of public funding for higher education. Exogenous and endogenous problems of commercialization of universities research results are specified in the article.The author comes to the conclusion about the necessity of diversification of funding sources of the Ukrainian higher educational institutions. The author identifies the commercialization of research results of higher educational institutions as one of priority funding sources.