Abstract:

The relevance of the topic of this research is attributable to the fact that the concept of modernization of the innovative activities management has not been fully developed yet. The main purpose of the research lies in analyzing innovation cycles and the specifics associated with innovations passing through the life cycle stages, in identifying problems and proposing recommendations on how to solve those. The research-generated recommendations on improving the tools for the management and localization of innovative activities will accelerate the passing by the innovations through the innovation cycle stages.