I don't know if that would work. But it's definitely better than the current way we do things. I know I'll sound kinda defeatist, but I just don't think it's p

I don't know if that would work. But it's definitely better than the current way we do things. I know I'll sound kinda defeatist, but I just don't think it's possible to reliably setup a bureaucracy that's competent in funding innovative research. The incentives are just not aligned. If you are truly investing in innovative companies. You'll inevitably spend taxpayer money on truly stupid stuff. The first time a major newspaper reports something like: "10 Million Euros spent on using bath sponges to desalinate water while people are living in the streets!" it's game over. The agency will be permanently risk averse.