ISRAEL, THE START UP NATION with a tiny population of 8 M, is number 1 in device patents, and reportedly has a staggering 29,000 medical trials in progress in stem cells according to this article. These statistics prove what can be done with a smart and motivated population, that punches far beyond its weight.
http://www.nzweek.com/world/israeli-bio-tech-and-medical-devices-industries-one-of-worlds-most-innovative-52712/