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Abstract The article studies the concept and methods of information support for innovation development. The disadvantages and problems of information support were identified. Monitoring of information support stages, cycles, and directions was carried out. The importance of information support for innovation development was emphasized. Innovation activities as any other activities need information flows. Information support for innovation development includes experimental, technical and scientific information for innovation development. At present, innovation activities are risky activities since they are based on new ideas, new methods, new scientific knowledge, production of new products and improvement of the old ones. They require application of information technology. The information support is data required for regulating economic processes. These data are included into the databases of information systems. It is necessary to identify the following components required for implementing new technologies: safety, project relevance, project purpose, and probability of frequent use. Information that minimizes ambiguity of innovation activities is required.
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