Europe signs off on €1.2B for homegrown cloud project (www.theregister.com)

submitted 11 months ago by Sagan@eslemmy.es to c/europe@feddit.de

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cross-posted from: https://lemmy.cafe/post/1679861

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I do wish EC pulls this off. It would great having an actual home-grown competitor to cloud providers. EU does data protection better than anyone else, this would very much be a symbiotic relationship.

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[-] aodhsishaj@lemmy.world 8 points 11 months ago

The venture capital part of that is the problem. You can have public money fund startups and you tend to get the best results.

https://digital-strategy.ec.europa.eu/en/library/european-commission-launches-new-system-identifying-public-funded-innovations-disruptive-potential

https://ecorner.stanford.edu/articles/is-government-funding-good-for-your-startup/

https://www.wbur.org/onpoint/2020/02/12/economists-slow-economic-growth

https://www.inc.com/minda-zetlin/an-unusually-candid-vc-explains-why-vcs-are-a-bad-idea.html

this post was submitted on 06 Dec 2023

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