The mechanism of entrepreneurial innovation system in institutions of higher education

The relevance of the research is determined by the fact that the development of modern society requires the acceleration of all economic processes. Therefore, in forming a scientific and educational space, paying more attention to the involvement of business structures and state authorities is essential. The research aimed to generalise the theoretical foundations of developing higher education institutions’ entrepreneurial innovation system mechanism. General scientific and specific research methods were used in the article, in particular: comparative – to study the theoretical foundations of the development of the field of education and science and the formation of a categorical research apparatus; analysis and synthesis – in the process of identifying development trends in the field of education and science. It analysed research in the field of higher education and the formation of the main trends in the development of the educational and scientific spheres, which makes it possible to predict the primary vector of the development of the educational sector. The presented study considered the main features of the educational sphere from the point of view of the combination of three main components: education, business, and the state. With such a combination, the main features of the development of scientific and educational activities, as one of the main components of entrepreneurship development, have been determined. The conducted studies proved that, first of all, it is necessary to intensify efforts to improve and develop the regulatory and legal framework on a wide range of scientific and innovative activity issues to form a scientific and innovative activity infrastructure. The main elements and tools of entrepreneurial innovation systems that allow commercialising scientific projects and research are presented. The practical significance is that the proposed model of interaction between business, the state, and universities is an effective mechanism for solving the issue of forming a system of entrepreneurial innovation initiatives