I believe that it's a bit more complicated than that especially if we look at the contributions of IMEC.

But irregardless I can hand you the point that you are making and then say that yours is a very tight standard that would not pass most of what passes for innovation in Silicon Valley.

The point I'm trying to make for the initial poster is that they are confusing "technological innovation" for money making. And yes you don't have a money printing machine in the EU, but you have A LOT of technological innovation that eventually goes to market through SV.