The main aim of the paper is the presentation the strategy of the European Union’s economic growth - Europe\n2020. To the particular goals of the research belong the presentation of the innovation system in the creation of competitiveness,\nthe innovation system and innovation process at the level of the region, constructed advantage, the Triple Helix model, Europe\n2020 strategy and Innovation Union and Horizon 2020 as the financial instrument implementing the Innovation Union. The\nimportant results of the research is the conclusion that in the innovation process also in the European Union very important are the\nconnection between science, market (industry) and government. There is positive dependence between innovation activity and\neffectiveness of the innovation process. The more interaction and cooperation it can observe on the regional level than on the\nstate. The new programme of the scientific and innovation research Europe 2020 and Innovation Union are very important factors\nof the strategy the European Union’s economic growth .