Аннотация:The article analyzes the impact of financial provision of university research on the economic growth and development of science and knowledge economy. With the help of the analysis of modern approaches to university research in foreign countries, its development trends and prospects in the context of reform implementation in Ukraine are determined. Improvement of the organizational and economic mechanism of science at all levels - from higher education institution to the state as a whole, aimed at getting the most out of the highly potential high school remains topical.