Introduced by the Government policy of supporting innovation and technological modernization of the state will afford the country to achieve the strategic goal which is to change the model of the economy from that based on raw materials and to switch from constant "patching holes" to system development and the production of final product with high added value. Prime Minister of Ukraine Volodymyr Groysman announced during the International Mayors' Summit dedicated to municipal innovation development.

He reminded that several institutions are operating in Ukraine with the purpose of creating a system of innovative support, in particular the Innovation Support Council, Investment Support and Export Promotion Offices, the Startup Support Fund, which will be launched the next year.

"We are committed to modernizing, leveraging investment, creating new jobs, launching new businesses," said Volodymyr Groysman.

He emphasized that innovation development is the key to the implementation of universal ideas, among which achieving complete energy independence, energy efficiency and industry rehabilitation.

"Innovations and efficient solutions should be the basis for effective and high quality governance," the Prime Minister urged, "I believe in a democratic Ukraine with strong economy. We must abandon a model of economy basing on raw materials being a supplier for other economies, we should cease being a country exporting raw materials alone. It is crucial for us, through support of innovations, to change the model of the economy, to produce a competitive product, to enter the markets of other countries and to build up our home".