The purpose of this paper is to determine the ways of improving the work of technology parks in Ukraine. Methodology. In the paper, there were used the following methods: the dialectical method (consideration of the theoretical foundations of the construction of technology parks in the context of the close interconnection of their functioning with a high-quality education system); scientific abstraction, theoretical and empirical analysis (study of the need for establishing the relations between the subjects of the investment process, the activities of which are carried out at the technology park area and its impact on the development of an innovation infrastructure in the country and also standard of living of the population); the method of modelling (studying the structure of the technology park, the process of its functioning and development); statistical methods (grouping, comparison, dynamic series), used during the comparative and statistical analysis of activities of technology parks in Ukraine. Results of the research study showed that each model of the construction of technology parks (American, Japanese, European) based on the principles of their operations has corresponding disadvantages, which to a large extent would negatively affect their work. The comparative analysis of the activities of Ukrainian technology parks has shown the imperfection of their functioning due to significant differences of interest among the participants in the implementation of innovation projects since each individual technology park prefers to carry out its activities according to a separate model of developed countries of the world, without taking into account the underdevelopment of the education and industrial complex in Ukraine. In addition, due to unresolved relations between state authorities and local self-government bodies, there was not enough development of any targeted program for the implementation of technology parks’ projects at both the state and local levels. As the statistical analysis showed, it has suspended the work of technology parks in Ukraine due to the lack of state incentives for their innovation and investment activities. All of this made it possible to conclude that the improvement of the work of existing technology parks, which could become a successful prospect for the construction of new ones, requires the resolving conflicts of interest among all the subjects of the investment process. Practical implications. An improved model for the construction of technology parks is needed for the effective interconnection of the main elements of the government system, namely: state, science, business, and population in order to create harmonious relations between all the subjects of the investment process. It will contribute to the strengthening of public confidence in the authorities, harmonization between state authorities and local self-government bodies, and also improvement of the process of providing administrative services to the population. All of this will give an opportunity for innovation-active enterprises to realize the innovative products and, thus, to expand the innovation infrastructure, paving the way for a bright future in the creation of the effective e-government system in the country. Value/originality. A harmonious interaction between state authorities and local self-government bodies contributes to the development and approval of targeted programs for the implementation of technology parks projects, and also other innovation projects concerning the development of information and telecommunication infrastructure. In this case, the research centres, operating on the basis of the universities, at the expense of student fee, conduct research on the impact of the realized innovation project on the economic and social development, and also grant students scholarships, leading to the expansion of technopolises and, thus, variety of services for the population.