r/europe • u/MacronLeNecromancer • 2d ago

Data Non-EU countries receive more funding from European Innovation Fund than 2/3 of EU countries combined

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u/eloyend Żubrza 🌲🦬🌳 Knieja 2d ago

I guess it's easier to have very advanced technology when you're being sponsored by both EU and USA.

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u/zapreon The Netherlands 1d ago edited 1d ago

Israel's strong start-up culture is much more tied to the role of the military, e.g. cyber units, and massive promotion from the Israeli government than a few hundred million in funding from the EU. In the grand scheme of things, a few hundred million isn't much.

And that is what Israel excels in - innovation, not buying European tech.

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u/eloyend Żubrza 🌲🦬🌳 Knieja 1d ago

So if it's tied to military, I don't think EU should participate in any sort of funding agreement - even if it's supposed to be balanced per saldo.

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u/zapreon The Netherlands 1d ago

So if it's tied to military

The companies don't necessarily create tech for the military. Moreover, the EIB of course decided which companies and for what tech they get funding.

However, Israel's start-up culture is fostered partially within the military by how it is set up. For example, some cyber units in the IDF form a very resilient path into big tech (like Nvidia) or start-ups