| Not completely disagreeing with you but: 1. It is a single entity but composed of teams from 38 different partners. They have a "consortium". It has its disadvantages but it is not a completely independent funding. 2. The "consortium" may have asked for much more (between 5x to 20x more) and was probably denied. As to your question of why we cannot seriously invest in startups? - Because we do not have a single funding agency across whole of Europe. Each country has its own funding problems and Germany has its debt brake. So, the funding is not unified. Each country wants to fund 10 of its own startups instead of Europe by itself funding 10. This means 10x less money. EU Horizon projects didn't focus on industry at all. EuroHPC is a very new, 4 years into its first projects. - There's no funding because we do not have customers! None of European tech companies will benefit from chips enough to invest in new tech. All of them are running old technologies. Car companies are to blame here because they are the biggest customers in Germany and they think of themselves as only car companies. No one in Germany is doing AI for cars for FSD for example. In general, European consumption is very backward and low-tech. - Europe is finding it very hard to raise capital from outside Europe due to various reasons. Like Groq raised 650M from Saudi Arabia. In Europe, that is politically impossible. |