Earlier quoted context omitted.
research of my own that'd be too risky for academia I don't get this. The whole point of university research is that it is too risky (or benefits will be too far in the future) to make it profitable for companies to pursue. I don't see how anything could be too risky for the university, but not too risky for a business. Edit: I'm not saying universities are perfect. I'm just saying that they still manage to do resear…
That should be the case but it is not primarily for 2 rather related reasons: tenure & funding. Everything you do as university research is towards the aim of getting publications to progress either you or your adviser towards tenure. The problem is that things that don't work are not usually publishable. This leads to 'fluffing' up results (read enough academic papers and you'll find some hilarity there) and avoidin…
Unfortunately, being in the EU, I don't think changing this part fixes that many of the problems. EU grants are not about killing people, but typically about cooperation, building understanding between nations, reducing violence, integration of immigrants, that kind of thing. Goals I like more, in principle, than DARPA's. But the actual administration is if anything worse: 100-page proposals via hugely bureaucratic processes (NSF's are at least only 15 pages), unwieldy multi-country consortia, periodic mandatory status update meetings in Brussels, the works. If you can sell what you're doing within that framework and work with it, it's good, but it's still very much about being on the right track to impress the purse-string holders.