You might want to do a deep dive into the concept of "real options", there's a good deal written about the concept and it's basically what you're describing. It's a very interesting way to look at life in general and I've found it very useful.
I am curious about the specific program you're citing. What is it called? (I'm not an EU citizen so don't worry, I won't be competing with you!).
I am curious about the specific program you're citing. What is it called? (I'm not an EU citizen so don't worry, I won't be competing with you!).