• Mountaineer@lemmy.worldOP
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    1 year ago

    There’s some nuance missed here.

    The “observation program” mentioned here, was a $1.2 billion program that was announced in the last days of the previous government.
    There were no contracts, no tenders, just a vague proposal with a nebulous tax funded dollar figure attached.
    The sector as a whole was using that announcement to entice investors in their own startups.
    Now that it has been axed, the startups are struggling to gather further financing in what looks like a shaky industry.