>this! it favors established business with legal teams and (maybe more importantly) with connections.
This x2. A close friend of mine works at a major EU HW tech company and his job is wearing a suit, going to dinner parties and rubbing shoulders with high level local and national bureaucrats to convince them to fund X, Y, Z projects, none of which result in any major commercial success or ROI for the governments because the money they get is not enough to make new successful products, but hey, he's loving his job which gives him amazing job security against the waves of layoffs the company went through due to falling of sales, plus the networking he gets out of that is invaluable.
So at least some people are enjoying the gravy train while it lasts. But that's why a lot of EU tech companies immediately go to the US first before opening up to the EU market. US VSs are more generous with their cheque books than EU governments and investors, plus the 300 million people single consumer market speaking English as the common language and all that.
This x2. A close friend of mine works at a major EU HW tech company and his job is wearing a suit, going to dinner parties and rubbing shoulders with high level local and national bureaucrats to convince them to fund X, Y, Z projects, none of which result in any major commercial success or ROI for the governments because the money they get is not enough to make new successful products, but hey, he's loving his job which gives him amazing job security against the waves of layoffs the company went through due to falling of sales, plus the networking he gets out of that is invaluable.
So at least some people are enjoying the gravy train while it lasts. But that's why a lot of EU tech companies immediately go to the US first before opening up to the EU market. US VSs are more generous with their cheque books than EU governments and investors, plus the 300 million people single consumer market speaking English as the common language and all that.