Institutional support for new business development in the knowledge economy

Relevance of the research topic. The issue of institutional support for the innovative development of entrepreneurship in the knowledge economy is a key condition for the formation of the national economy in the context of globalization processes. The institutional matrix is constantly changing and transforming, therefore, the issue of improving the institutional support for the innovative development of entrepreneurship in the knowledge economy requires constant revision in the context of the present. Formulation of the problem. An important measure for the formation of an updated institutional support for the innovative development of entrepreneurship in the knowledge economy is the formation of tools to support the main market stakeholders in the context of institutional segmentation. Setting the purpose and objectives of the study – to investigate the problems of institutional support for innovative development of entrepreneurship in the knowledge economy and to find out the prospects for further improvement of the main institutions of the state. Research method or methodology. The article uses the methods of analogies, comparisons, systematization, analysis, synthesis and monographic survey. Presentation of the main material (research results). It was found that institutional support requires a set of measures of state regulation of the business sector, which is possible in the context of a complete reform of the management apparatus. Field of application of results. The research results can be used in the practical activities of executive authorities to increase the level of institutional support for innovative development of entrepreneurship in the knowledge economy. Conclusions on the article. The key aspects of the institutional support for the innovative development of entrepreneurship in the knowledge economy have been substantiated. It has been determined that knowledge in an innovative economy, assimilated by an entrepreneur, appears as a specific type of good with its inherent characteristics that require the expansion of communication channels for their dissemination with the help of a balanced state policy