Yes, these "science" ideas (actually, traditional engineering) really are that hard to fund.
One thing software people always forget is how expensive it is to perform R&D on real, physical things. Software is practically free to produce in comparison - your big campus of 1000 engineers, with free lunch and masseuses, is practically free in comparison to say, the cost of developing a new drug, or introducing a revolutionary new jet engine.
I don't think it's necessarily true that VCs only care about iPhone/Android apps, but they honestly cannot afford to invest in "real" engineering. The risks are just as great, and the stakes are far, far higher, beyond the deep pockets of many angels and VCs.
One thing software people always forget is how expensive it is to perform R&D on real, physical things. Software is practically free to produce in comparison - your big campus of 1000 engineers, with free lunch and masseuses, is practically free in comparison to say, the cost of developing a new drug, or introducing a revolutionary new jet engine.
I don't think it's necessarily true that VCs only care about iPhone/Android apps, but they honestly cannot afford to invest in "real" engineering. The risks are just as great, and the stakes are far, far higher, beyond the deep pockets of many angels and VCs.