The Slovak Academy of Sciences has been the most important scientific and research institution in the country since 1953. Slovaks have made notable scientific and technical contributions during history. Slovakia is currently in the negotiation process of becoming a member of the European Space Agency. Observer status was granted in 2010, when Slovakia signed the General Agreement on Cooperation in which information about ongoing education programmes was shared and Slovakia was invited to various negotiations of the ESA. In 2015, Slovakia signed the European Cooperating State Agreement based on which Slovakia committed to the finance entrance programme named PECS (Plan for the European Cooperating States) which serves as preparation for full membership. Slovak research and development organizations can apply for funding of projects regarding space technologies advancement. Full membership of Slovakia in the ESA is expected in 2020 after signing the ESA Convention. Slovakia will be obliged to set state budget inclusive ESA funding. Slovakia was ranked 39th in the Global Innovation Index in 2020, down from 37th in 2019.