4 ms·

> You're framing this as if it's the EU's job. It isn't. Then what is EU Horizon 2020 for? https://ec.europa.eu/programmes/horizon2020/what-horizon-2020 https

• oblio 8y ago
  An attempt. But the EU budget is much, much smaller than the US federal budget: EU: $150 billion for 2014 US: $3000 billion for 2014 And the barriers between national markets in the EU are much steeper than the ones between state markets in the US.
  • kavalg 8y ago
    150 billion i still a good amount of money. The problem with EU funding is in the objectives: - Vaguely defined, so they open a lot of room for lobbying and corruption - It is hard to align them to a startup agenda and the administrative overhead is often prohibitive I wish it was more like a venture fund, but one that doesn't take equity. Just my two cents.
    • rapsey 8y ago
      And it is a legal liability as you can quickly get investigated for misspending the funds.
    • oblio 8y ago
      Those goals are vaguely defined because they're a compromise. The EU generally works by consensus, they're trying to herd 28 (soon to be 27) cats.