The article deals with implementation of small innovative entrepreneurship support program, in terms of which separate innovation system components were organized in microsystem and being affected by regional state control in order to achieve innovative capacity of the components. The article considers the issue of structural changes of SME innovative life cycle associated with contemporary entrepreneurial university activities. It concerns the functional adaptation of innovation system components according to the needs of innovation actors. The author presents the concept of microsystem of innovation and offers it for the purposes of state regulation of innovation activities.
Keywords: system of innovation, innovation micro- system, microsystem of innovation, innovation cycle, small entrepreneurship, entrepreneurial university, state regulation, business-accelerator