Institutional provision of infocommunication sphere development in the conditions of digitalization of national economy

Introduction. The article examines the problems of institutional provision for innovative development of the infocommunications as a component of the sphere of digitalization of Ukraine. The subjects have been singled out and the shortcomings in relation to the institutional provision of the innovative development of the country's infocommunication sphere have been identified. Determining the leading role of the infocommunication sphere in the process of formation and development of innovation infrastructure of the national economy, and on the basis of research of organizational, economic, innovative and legal bases of regulatory activity of the system of state and non-state institutions proposals are made to improve institutional development of infocommunication sphere. Aim and tasks. The purpose of the article is to study the features and problems of institutional provision for innovative development of the infocommunications as a component of the sphere of digitalization of Ukraine and provide suggestions on ways to improve it. Result. An analysis of basic legal acts aimed at regulating scientific, technical and innovative activities of Ukraine is provided. The characteristic features of economic activity in the infocommunication sphere are highlighted and the factors that hinder the innovative development of the digitalization of Ukraine are formed. It is shown that the institutional provision of innovation in Ukraine is represented by an extensive structure, as government regulation should provide solutions to existing problems in the economy and concentrate available resources for the effective implementation of research and innovation. Conceptual bases of creation of innovation and investment hubs in the country are formed, principles of their formation are allocated, among which basic are - concentration, common interests and interaction, and models of their financial and infectious maintenance. Conclusions. Based on the study, the authors proposed in the process of regulating the innovative development of the infocommunication sphere to apply a systematic approach with the definition of methods and mechanisms of state regulation, which should be formed and enshrined in law. The consequence of consistent state provision of the innovation and institutional environment will be the creation of favorable conditions for doing business in the country and the development of creative human potential.