In the article, the development of intercultural readiness of university students for intercultural communication by using the developed multifunctional model is considered. The definition of intercultural readiness of students, the units of the developed model, as well as the content of each unit are presented in detail. Moreover, the components of development of readiness for intercultural communication are fully described. The aim of this work is to assess both the approaches of the multifunctional model and the pedagogical conditions of development of students' intercultural readiness. The authors analyze the results of technical universities students' survey aimed at finding out the respondents' levels of intercultural readiness.