EuroStack was nowhere 18 months ago – we had to explain what it meant to policy makers & institutions – though businesses knew well the reality of “colonisation”. It is now established as an industrial strategy initiative to power European tech solutions at all levels of the “stack” (from chips to hardware to software to connectivity), so that Europe can capture the economic value of its activities, invest and support economic growth (and no, “AI maximalists”, we are not about “sovereign AI” – AI is for us a use case of the stack).
After 100 keynotes, panels, events & discussions in the last 12 months alone (and that’s just Cristina, many more counting the whole team), all across Europe, we moved the dial – EuroStack has been featured in coalition plans and policy summits from Berlin to Paris to everywhere, pushing our flagship Buy European mandate through to the public administration which is phasing out hyperscalers from Brussels to Germany, France, Denmark, Netherlands and more. The EC’s Sovereignty Package disappointed alas, but Member States are moving regardless – German States are shifting one by one, public opinion unambiguously supports sovereignty. Public administrations and companies are moving, even without regulation or a mandate to do so.
We now have two major concrete initiatives for/from the private sector underway:
1. To address inquiries and demands for migration to real European solutions (no “sovereignty washing”), we are partnering with aDRI, the non-profit which created the Digital Resilience Index to quantify and assess corporate dependencies (aDRI – Digital Resilience Index).. Measuring and ranking dependencies is the first step, followed by a business case for alternatives, and support for migration. EuroStack remains mission-driven, non-profit, independent & vendor-neutral, we are not a lobby group or a distribution channel. We are happy to support migration efforts and buy clubs. Talk to us.
2. Capital allocators (family offices and institutional funders) know that European tech is highly investible in right now. As demand increases, returns improve and investment appetite is serious. Eurostack is working with allocators to be mission steward of a EuroStack Catalyst Fund to ensure that investment will be directed to European scaleups. Europe has hundreds of innovative businesses which need to scale. Europe is rich and financially sophisticated – we don’t need the EC to create funds. Let’s fluidify capital pools to move funds where they are deserved.
More after the Summer. We are on the move. Let’s keep at it!
