Stimulating Innovation with Money - Bert Hubert's writings

This article is part of a series on (European) innovation and capabilities. Periodically I read about governments or institutions wanting to stimulate innovation, often to achieve a certain (worthy) goal. Frequently, the far larger amounts of money that other countries or continents are spending on innovation are then bandied about as justification. And I die a little inside every time that happens. Money and innovation have a very intricate relation.