State regulation mechanisms of institutional development of enterpreneurial ecosystems

Relevance of the research topic. In today’s turbulent world, the role of entrepreneurship is growing. Entrepreneurs are ready to take risks, accept them, adapt, respond effectively to changes in the external environment, the challenges of the competitive environment, new consumer demands, as well as create new solutions and jobs. In today’s conditions, the population is faced with the need to create jobs in some places and independently, so the role of small and medium enterprises is growing in all countries. This is a global trend. Ukraine is no exception. The experience of the world’s leading countries proves that the development of entrepreneurship requires effective government regulation with the involvement of broad groups of stakeholders that form business ecosystems. The purpose of the study is to develop recommendations on mechanisms for state regulation of institutional development of business ecosystems in the current environment, taking into account the uneven development of regions and industries. Methodology. The article uses a number of scientific methods, including historical, logical, systemic, empirical methods of scientific knowledge, which allowed to determine the features of effective state regulation of institutional development of business ecosystems. authorities. Results. The main factors of development of effective mechanisms of state regulation of institutional development of business ecosystems are allocated in the article, recommendations on formation of institutional structure of support of development of business ecosystems in Ukraine are given. Field of results application. Branch of public administration, institutional support of entrepreneurship at the national, regional and local levels. Conclusions. The main areas of entrepreneurship support should be as follows: formation and implementation of a systematic strategy for business development; formation of a policy to support entrepreneurship and provide effective assistance; increasing the trade and investment potential of entrepreneurship; infrastructure creation. To implement the developed recommendations, it is necessary to create an institutional structure for business development, which should be represented by the central body, as well as functional units and representative offices in regions, cities, towns, villages, communities of Ukraine