Is the EU’s big bet on graphene about to pay out?

FTA: “In 2013, the bloc launched the Graphene Flagship, an initiative to commercialize the material. Backed by a €1 billion budget and nearly 170 academic and industrial partners spanning 22 countries”

Also FTA: “Pundits have questioned the value of the EU’s immense investment”

€1 billion is less than €3 per citizen of the EU.

Also, https://en.wikipedia.org/wiki/Graphene_Flagship#Funding:

“The Graphene Flagship is divided into two separate phases: a 30-month ramp-up phase under the 7th Framework Program (October 1, 2013 – March 31, 2016) with a total European Commission funding of €54 million, and a steady state phase under the Horizon 2020 Program with expected European Commission funding of €50 million per year.”

€50 million a year is less than €0.15 per EU citizen per year.

You can question whether the money is well spent, but I don’t see how that’s an immense amount.