EU taxpayers to fund $306m Google rival. No wonder the Yanks think we’re dumb.
uk.techcrunch.com
uk.techcrunch.com
"Quaero aims to be a multimedia search engine that will work across all online digital media platforms including PCs, mobile phones, set-top-boxes and handheld devices. The engine will index content in several languages and will provide content management tools for media producers to promote their material."
This is my favourite bit:
"But after seeing that Quaero's German and French researchers were working in different directions, the project split in December 2006, with the French continuing to work on Quaero and the Germans focused on Theseus. Managers from both projects have, however, said they will meet regularly to form synergies when possible."
Like I said - bickering.
However, no corporate group can ever perform well. One company running in a form of dictatorship over their product, like Jobs, can react quickly and, even for a large company, remain competative. However, if every decision has to go through multiple screening processes, tests, etc. you end up with a production cycle equivalent of Microsoft.
The Quaero project is doomed to failure. Not only is it going to have corporate bickering, but it's going to be in multiple languages. You can bet a large number of coders will enter from the UK, Netherlands and many other countries.
This means you're going to need translators to get the documents to read correctly in each individual language, or there's going to be many screw ups. Not only that, but you'll be faced with several days delay between project heads to get to a meeting. Bascially for a weekly status update, it would take probably 3 days to get everything translated and checked. So it's a weekly-3 status update, and what you did today is never going to be on the agenda, it's going to be the 3rd day on the next agenda, by which time something important is gone from your focus.
I belive the best words to describe this are, eww, and, no!
I suppose the political logic was something like, "What's hot right now? Google. Why don't we have one? Well, let's fix that."
On the other side, doubly so in Berlin where I'm based, there is significant funding for startups available especially once they start creating jobs. We're planning on tapping that once we get far enough in. At least as best as I can judge, Berlin's one of the hot-spots for startups in Europe right now.
More seriously, EU sometime mess up things, teh big way, but : 1) if you are about to mess up something, don't fail shy, fail big, make some noise. If you win, you deserve your bragging rights. 2) EU did actually create some quite good technology, mainly with EADS, ESA and high speed trains.
disclaimer : I'm French.
edit
a more serious answer : what did the people around you told you where you started your venture ? I bet exactly what people here say to quaero.
I always like it how the biggest monopolist ever (in my native Germany monopolizing or near-monopolizing by force education, transport, health care etc) is so eager and capable of "preventing evil monopolys" out of other peoples funds. Very protective. I feel so secure. shudder
;)
Much in the same way railroads were nationalized in most of the EU sometime during the early 20th century or even earlier.
As far as railroads are concerned, it was probably a decent idea (not much free market competition possible there, really), but whether it works for a search engine remains to be seen.
Of course the EU itself is very far from being a democracy (unlike its member states) so I'm still not thrilled about the idea, but in principle I'm not opposed to it.
Maybe you wouldn't want to spend it all on seed rounds. But $306 million spent well would be enough to make a startup hub to rival Silicon Valley.
It would a powerful change if groups like Gates' (http://online.wsj.com/public/article_print/SB120113473219511...) began investing in the efforts which have the best chance of the results they're seeking: startups. I'm guessing the startup model is antithetical to what BillsG sees as the answer, which is unfortunate.
Anyway, I loathe this waste of tax money.
I think we're gonna need a new category of fail to describe this one.
As we saw in the Soviet era not much good comes from letting the state decide who gets the money. More recently France even tried to to make their own state-run internet, owned by France telecom. It was called Minitel.
http://en.wikipedia.org/wiki/European_Commissioner_for_Compe...
How did it lose so much so fast?
Very interesting question though, and one I've thought about a lot, coming from Europe to the US as a kid.
It's possible that Europe may have only lost relatively. I.e. Europe may not have fallen so much as that other places have risen.
The single biggest problem with Europe may be government. There's a tradition in most northern European countries of strong central government. And the growth of technology in the 19c made it possible for a hands-on central government to be very much more hands-on. This seems to have had a disastrous effect on certain kinds of economic growth.
Remember too that Europe had two huge wars go through it during the 20th century. That can't have helped.
Right. There are tons of cool things in tech (Linux, Python, Mysql, Qt/KDE, off the top of my head) and the sciences in Europe, just that there are more in the US.