ECONOMIC AND LAW УДК 330.341.1 JEL: 031, 034 1Institute for Economics and Forecasting of the NAS of Ukraine, Research ID : http://www.researcherid.com/rid/ INTELLECTUAL PROPERTY IS THE POTENTIAL FOR INNOVATIVE DEVELOPMENT OF UKRAINE Socio-economic development of Ukraine in the medium and long term is impossible without a radical reform of intellectual property as a basis for intensifying innovation processes. The generalization of tendencies and experience of the leading countries of the world concerning creation, protection and commercialization of objects of the intellectual property right revealed the strong and weak positions of Ukraine. Thus, Ukraine is in the group of leading countries in the generalized indicator of activity for filing applications for industrial property by country of origin, has a high position of the relevant indicators of the Global Innovation Index for 2020. Domestic inventors retain the potential to create objects of intellectual property rights mainly for protection in the domestic market: the number of applications under the Patent Cooperation Treaty system does not exceed 200, which is 320 times less than the inventors of China. However, the gross expenditure on R&D in GDP is 6-10 times lower than in the leading countries of the world. Keywords:creation, protection and commercialization of objects of intellectual property rights; innovative development; research costs.
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