Sweden invests heavily in research and high-quality universities, and a key reason for its success in innovation is the way the good ideas produced at these universities are turned into concrete products or services. The areas in which Sweden performs well are: energy and the green transition; the IT sector, with Swedish companies behind many developments in mobile phones; life science, with Swedish companies that produced important medical innovations and successful businesses. Other Nordic Countries in the Top 10 are Finland (#6) and Denmark (#9).
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