Money is not usually the problem so 'subsidy' is not it. A good example is that European companies are not interested in dealing with little startups that are

Money is not usually the problem so 'subsidy' is not it. A good example is that European companies are not interested in dealing with little startups that are not powerful. They like to deal with 'big brands'. They are unable to make institutional decisions based on more calculated merit, and instead go the safe route. Entrepreneurs taking smaller risks. Entrepreneurs not understanding how the VC cycle works. A lack of proper exits. The list is long. Europe has plenty of money and 'competent, regular professional managers' but a dirth of the kind of focus required to make big plays. I don't know what the answer is.