[sottol]

Why? $500M could pay 1000 scientists/academics (up to) a $50k pay-bump for 10 years each. Even if 50% would be lost to "administrative overhead", $25k over the usual EU market rate (which is lower than US) per year per scientist might entice many to move.

I don't know how this program would be structured, but imo this program is not doomed to fail due to underfinancing - of course this being an EU program it surely has other issues.

[alephnerd]

It's too little.

Even countries like India are offering $50K-100K lab seed grants for western educated academics from the diaspora in high impact fields to take tenure track roles at major institutes, while offering free housing (as in an actual house) and a $15-30k salary depending on experience.

These EU programs are pennywise and pound foolish, and fail to incorporate private sector players or partnerships, and the lack of English fluency and established communities from a number of overrepresented countries in STEM makes the EU not as enticing.

You may as well go to America and earn the top dollar, or go to Australia, Japan, or Korea where you will earn a Western European salary but US level grants and have added cultural competency.

[sottol]

How do the EU/Indian programs compare, eg in monetary outlay? It's hard to find numbers.

[alephnerd]

The Indian programs are tied to other larger initiatives by the Indian government so they are obfuscated.

For example, for semiconductors and chip design, a portion of the semiconductor subsidy that the Indian government is giving is earmarked for university R&D, and individual INIs [0] (top public Indian STEM universities) are given matching grants (around $50K) that are earmarked as lab seed funding with an additional $50K dollar-for-dollar match when creating a lab with a private sector partner (and plenty of EU domiciled firms like NXP and Infineon participate in this), so the right PI can make an NXP branded lab with $150k in seed capital and an in-built commercialization pipeline.

It's a similar story for Battery Tech, Drones, and Biopharma as well.

On top of that, most top researchers will choose to work in a private sector R&D group like Microsoft Research India or Samsung Research India which pay EU level salaries, give US level backing for internal research, and have none of the academic politics.

And this is just 1 (large) country. Other countries like China, South Korea, Japan, Australia, Singapore, etc have equally if not more lucrative programs to attract diaspora researchers. European initiatives just don't compare when even most Indian postdocs at programs like the Plack Institutes choose to take tenure track positions back in India and even mid-tier IITs, NITs, IISERs, AIIMSes, NIPERs, and IIITs are attracting junior faculty with PhDs and post-docs from programs like Purdue, UCLA, UW, UIUC, Yale, etc.

On top of that, major diaspora American VC funds like Foundation Capital and Sequoia/PeakXV are running their own versions of YC targeting grads from these programs to build in both India and the US.

And this is nothing compared to initiatives that the Chinese government have been running to attract Chinese diaspora academics, and more establish programs created by the Japanese and Australians that have operated since the 1970s.

[0] - https://en.wikipedia.org/wiki/Institutes_of_National_Importa...