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More Investment, less subsidies

eu/acc

The cost of subsidies is typically 20-30%. The coat of equity is more like 2-3%. So to stimulate innovation in Europe I propose more equity and less subsidies. Moreover if these investments lead to viable businesses there is a great economic and societal return

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  • Pink Darkmatter

    •

    Jan 5

    It’s crazy, something like 40% of companies who got Horizon2020 funding are sold off to investors outside of the EU. So not only do we give expensive money to companies in the us, we also make other countries/companies rich with it.

    Much like the carbon credits German automakers pay to Tesla. Crippling our own companies to the direct benefit of others.

    We need a pan-european network of venture funds that use public money and where that the state earns profits from.
    This is also similar to the way it works in Dubai (as opposed to Saudi Arabia which is on a path to

    bankruptcy because everything is centrally planned grants/subsidies) where the state joins as an investor in backed real-estate project and becomes a shareholder.