That'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

That'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.