Under the effectiveness of information provision of innovative projects should be understood as the optimum correlation between the result of using system of information provision and the spending for it’s purchase, installation, workpiece, exploitation as well as the correspondence of functional characteristics to the defined purpose and objectives. Today there is no single unified approach to evaluation the effectiveness of the implementation of information provision, as there is no industry standard information provision. Therefore arises the need for new approaches to information provision of innovation activity as information plays an important role in the process designing and the implementation of innovative projects. The share of innovative active enterprises is today fairly small. However, taking into account the fact that information plays an important role in the process of design and implementation of innovative projects by application new approaches to information provision of innovation activities can to raise the innovative activity of enterprises. To do this, it is necessary to improve the methodological support for evaluating the effectiveness of this process. Using information provision in the process of design and implementation of innovative projects can save time and resources through the use of standard solutions, optimize management decisions through the use of information technology, improve the efficiency work of participants as a result of automation of routine work, automate the processes of searching, processing, storage and issuance of information on user requests increase the accuracy of calculations, create a unified information base. Use in the process of design and implementation of innovative project the information provision is a competitive advantage in the form of cost reduction, however, and the process of its implementation also requires significant costs, the amount of which may exceed the amount of savings. 19 In order to evaluate the effectiveness of information provision of innovative projects, it is necessary to identify possible directions of income and expenses that arise when implementing and using the information provision of innovative projects. The cost of information provision of innovation projects is characterized by their significant size and riskiness. Because of this, an important task is to evaluate their effectiveness, which would make it possible to determine the appropriateness using of information provision in the early stages of the project. For evaluation to effectiveness needs to identify and value all types of costs (current and capital) related to information provision and revenue from it. The evaluation of effectiveness should be carried out according to an algorithm that includes the definition of the purpose, tasks, object and subject of the evaluation process, as well as the basic principles, criteria, indicators and their calculation based of the formed information base, interpretation of results and formulation of conclusions. By using such sequences of actions take into account the interests of all stakeholders, indicators of evaluation give the opportunity to identify deficiencies of information provision, it is possible to form a conclusion on the level of effectiveness of information provision of innovative projects.