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The article examines the specifics of state support for startup industries in European countries. The authors analyze the main directions and features of implementing state policies in the field of innovation and startup entrepreneurship development. Existing tools for activating innovative and startup activities applied worldwide were identified. State support for the startup industry includes financial and non-financial assistance, as well as the creation of a favorable business environment.

An important role in the development of economic systems of the world’s leading countries is played by small and medium-sized businesses, which are the basis of the economy, create GDP, are a significant source of budget replenishment, provide the largest number of jobs. In the conditions of open economy it is important to compare the national economy with European and world countries, to define strategies that will set the vector of development of a competitive country and ensure accelerated economic growth.