The government: A high net worth individual?
So why are they doing this? To get more startups? You'll get more pets.com type failures this way.
If you want startups, you first need to know what attracts them. Looking at silly valley, it's easy to surmise that big companies do. But this isn't so. They just started out as small ones, once upon a time, and stuck around. Does the government understand that correlation is not causation? Has the government given thought, or rather paid someone too much to pretend to give a thought or two, about what really attracts, or better yet, brings into being, new startups?
VCs? They're investors. And poor ones at that: They throw money at any one wild idea, or rather a lot of them, in the hope that a few will pay off big. A hundred startups for a hundred million? Just hope one of them is the next facebook so you can rake in a hundred milliard, maybe. Then see the stocks tank and you run, but I digress.
So who will bring the magic? Have you looked at what worked elsewhere, have you understood it, are you making it work? Well, no, the government isn't. It's just doing that it does best: Squander other people's tax money. As long as the money keeps going 'round and 'round, everybody wins, right? Right, carry on government.
And so, you ask, AC, do you know the answer? Well, I do know an answer. Found it on the internet, of all places. And it's more than six years old. Should be time enough for the government to catch on, right? Right?