Innovative technological changes as a condition of innovation of Ukraine

It is proved that the development of the world economy is closely linked to the accelerated pace of scientific and technological progress and intellectual capital. Many countries are on the path of intensifying their economy, choosing a benchmark for the innovative model of economic development. In the article the necessity of innovations and technological changes as the main factor for innovative development is considered. The ideas, theories and concepts that theoretically proved influential nature and value of innovations and technological changes for economic growth are considered.