This is 100% true and 10,000% annoying. Effectively it blocks anyone who has an idea for an idea for a business that needs seed capital from competing unless they're already wealthy

There's your startup. Get some money and invest it in all those teams that need initial funding.

You may also want to establish an online forum for young entrepreneurs and engineers to hang out and discuss news and ideas so that they know about you and approach you once they need the funding.