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Europe: Politicians want "something great", so there is a verdict that "something great" will be developed. A huge budget is provided, but it must be ensured th
by jansan 6y ago
Europe: Politicians want "something great", so there is a verdict that "something great" will be developed. A huge budget is provided, but it must be ensured that the usual suspects (public or semi-public research institutions) get most of the share. The whole project structure becomes fragmented beyond believe, nobody cares about commercial success. The project fails, but not in the eyes of the researchers, who claim that there was never the goal to create a commercial product. With the bazillion of research money they gained "valuable insight" into the whole problem and made "considerable progress".
US: Andy von Bechtolsheim meets with two bright guys, sees the huge potential of their algorithm, walks back to his Porsche, signs them a 100,000$ cheque, and a few years later we have a global tech giant called Google who the rest of the world either admires or is afraid of.
- iagovar 6y agoBasically. In Spain you can get such cheque, but it would be 30K and your chances of getting 1/10 lower.
- 9q9 6y ago"something great" Also: this "something great" must be something they (EU politicians deciding about funding) have heard about! And what have they heard about? Something US companies have already been commercialising, hence started a big PR offensive. That's why the EU started big funding of research on cloud computing after Amazon made money with it, started big funding of research on search engine when Google made money with it, started big funding of research on AI/ML after Google made money with it ... I predict that the EU will go all in on supporting research on quantum computing when Google sells it in a big way.