#5 Switzerland 

Score: 1.01

The scientific institutions within the country are some of the best in the world and when we talk about innovation, we won’t be able to see a complicated and innovative device than the Swiss Army Knife. The country has strong collaborations between business and academic sections with considerable spending in research and development that makes sure that much of the innovations in the country are transformed into real products.

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#4 Malta

Score: 1.03

Malta, a world famous tourist destination with a population of just 0.4 million ranks fourth in the list. Even though the country has witnessed low investments in research and development facilities, it showed great improvements in growth of graduates, involvements in the international scientific co-publications and many more. The country is focusing more on technology sectors like renewable energies, water and environmental technologies, and information and communication technology.