I studied at an excellent Dutch university that's an EU funding darling and had plenty of connections. But because I had "just" a bachelor's degree from a top university, plus substantial relevant experience, nobody would take me seriously. Even with a master's, you will find most people think you are unserious in most "hard" fields. You often need a PhD. And then God help you if you choose to leave the existing ossified structures of academia and industry.
And then you still run up against the issues of risk tolerance (which is zero) and long timelines.
Look, the stated goal of this program is to compete with American venture capital, right? Then look at the founders who got American venture capital money. Look at how many don't even have a bachelor's! Count the number that participated in traditional structures of academia and grant-receiving corporations. Virtually none of those people would have ever gotten a dime of this money, let alone an offer to collaborate from a university.