No shit man. Their government high tech (!) VC fund rejected a high tech proposal from me (Medical devices), instead financed things like: https://www.mymuesli.com/

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ant6n 2 days ago | parent | next [-]

Pretty much.

In Germany, innovation is defined and funded by grant agencies. The only projects that are deemed innovative are those that look like existing projects that are known to be innovative.

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superze a day ago | parent | prev | next [-]

Austria is the same. Vienna is seriously a horrible in that regard.

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throw1234567891 2 days ago | parent | prev [-]

HTGF?

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Beijinger 2 days ago | parent [-]

Yes. I actually also interviewed once for a job there.

Not the sharpest minds. More bureaucratic than entrepreneurial. At the time, none of the C-suite had ever run their own company. Zero international experience. Complete mediocrity.

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cromka a day ago | parent | next [-]

This deserves an article of its own, to be honest, I don't think people are aware of the incompetencies at this level. I am betting it's the same across EU.

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CodesInChaos 2 days ago | parent | prev [-]

They can't be as bad as KfW, right?

	▲	Beijinger a day ago \| parent [-]
		Probably the same level, but I have no experience with KfW. But I could ask a buddy.