Last revolution of administration system made by a French startup in the US.
They wanted to innovate in France, but they cannot.
Why? No one wanted to finance their idea.
Recurrent issue in France and in European Union.
Computer science subject
Economic subject
Philosophical subject
Innovations in computer science are in the US.
GAFAM are American companies.
Every new subjects are lead by American companies.
EU is not focused on high-tech.
Prefer mid-tech.
(incorporating high-tech in old high-tech)
BUT the European research is very good in high-tech
30 to 40% of cited papers in patents are from European university.
They are not 30% of patents from EU.
Issue is not during the fondamental research, it is at the companies level.
(Even if EU universities have less budget than Americans.)
Startup is a new company in new high technologies.
Not enough venture capital in EU.
Venture capital is a long-term investment (not like bank loan).
Venture capital gives the right to fail.
Easier to develop startups with venture capital.
Institutions are not investing in new startups.
DARPA in US invests a lot of moneys in startups.
With this, they can do some Research & Development.
EIC looks like the DARPA, but it is very different in facts:
EIC has a lower budget, it is not primary focusing on helping the R&D, and it helps well implanted companies.
Well implanted companies can do more R&S without public subvention,
but they cannot contribute to the growth as a working startup.
Protecting rules restrict innovation.
EIC is not as independent as the DARPA.
EU rules are limiting bank loan to startups.
Unregulated innovation leads to a lot of moral issues.
Social media are not really a good thing for humanity (hate, depression, polarize the population).
Self-driving cars are more dangerous than others.
AI can create fake news, modify the society and is not ecologic at all.
Economic growth faces many moral issues.
Seems to be linked with consumerism.
Consumerism is not compatible with climate issue.
Economic growth creates inequalities.
But the right to auto-determination requires the innovation.
Auto-determination is the power to decide what we want to become.
Without innovation in a world where innovation is important, it is impossible to have this right.
Auto-determination is usually called sovereignty.
EU is not good in startups due to its societal institution.
Innovation has a lot of moral issues,
but without a country cannot be sovereign.