Purpose of the article: to determine the essence of different elements ofsocio-economic space of the region. Construction of the structure and isolationof individual elements of socio-economic space as a multi-vector formation.This article highlights the essence and different approaches to defining theconcepts, structure and mechanisms of formation of economic and social spacesof the region, innovation space as a basic element of socio-economic space.Research Methods: The methodological basis of the research is the fundamentalprinciples of economic theory, regional economy, scientific views and approachesof foreign and domestic scientists. To achieve the purpose of the study, themethods used at the empirical and theoretical levels were used: axiomatic,abstract, system-structural analysis, analogies and comparisons, graphoanalytic,by which the characterization of the nature of the concepts of space, socioeconomic space, as well as innovation space region. Their general properties,structure and functions are described.The criteria of optimality and balancesof interests in the formation of different types of space in the region areconsidered. The classification of the regional space is proposed, and the networkconnections of the innovation space according to components and elements arerevealed, which allows to study deeply the social, economic and other problemsof development of the region.Scientific novelty: the classification of regionalspace by separate constituent elements is proposed. The concept of “innovationspace” was introduced into scientific circulation, the scheme of networkconnections of the innovation space with other elements of the regional socioeconomic space was developed. Conclusions and Prospects for Further Research:In today’s context, it is possible to significantly improve the economic stateof development of Ukrainian regions by using a scientifically sound andcomprehensive approach to defining and studying the concepts of socioeconomic and innovative space.In the further study it is necessary to considerin detail the mechanism of organizational activity of innovation space in theregion. It is very important to pay attention to information support for theformation of the innovation space, the creation of a regional legal field ofinnovation space, mechanisms for coordinating regional innovation activitieswithin the innovation space, as well as the influence of internal and externalfactors on the formation and development of the innovation space.