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The problem with these EU funds in Europe is that when you apply you need to spend half of the funds on enormous application papers which contain heavily regula
by holoduke 5y ago
The problem with these EU funds in Europe is that when you apply you need to spend half of the funds on enormous application papers which contain heavily regulated requirements for you to implement in the company.
In many cases it just doesn't add up. Too much effort.
- secfirstmd 5y agoAgreed. Have applied for EU projects before and it's a costly mess.
- reader_mode 5y agoThere are agencies who do nothing else but deal with bureaucracy of applying for these funds and they are a justifiable expense when looking for funds... Next level job creation right there
- marto1 5y agoIt's also just plain bad business that leads to loads and loads of corruption. It's come to the point where a lot of people apply to essentially get a boost to their own spending power while parading to be entrepreneurs and then go back to usual with no repercussions. This is also the small kinds of financial swindles. There are others that are much worse and involve already established companies.
- cookiengineer 5y agoThat's why when you look up who received the funds you'll immediately see a pattern where large scale enterprise corporations have 100% owned subsidiaries that do nothing more than receive state funds, live for like 2 years without hiring any talent that is specific to their "research" area, and then get declared insolvent because the managers got themselves a big payout. Most of the funds don't go to startups, and that's exactly what I hate about this paper pushing goldberg machine. The big consultancy companies like accenture are also heavily involved in this scam. Founding AI startups without a single data scientist or engineer is what they seem to do for a living.
- mtrovo 5y agoAny data to back your claim here. If not straight corruption this would be a clear case of bad allocation of EU resources.