I have to admit that the title is intended to attract attention. I don't really think that public funding can or should compete against private funding, I simply see them as complementary. Private finance (venture capital) is structured based on good practices
An interesting article by Mr. Jordi Canals, general director of IESE, has been published in the newspaper Expansión, who refers to the fact that the success of Spanish companies that have become international R&D references such as BBVA, Inditex, Indra...