The Eurostack initiative aims to enhance European digital sovereignty by reducing reliance on non-European tech giants and fostering growth of the European tech sector through policy advocacy and strategic frameworks. Founded by economists, think tanks, and industry leaders, Eurostack focuses on lobbying for EU-level regulations that prioritize European solutions, emphasizing three pillars: "Buy European" (encouraging government and enterprise use of local tech), "Sell European" (promoting global adoption of European innovations), and "Fund European" (supporting startups through investment). The initiative leverages a directory of 120 European tech alternatives across 64 categories, claiming 173 non-European services could be replaced by local options. It highlights a critical economic challenge: the EU spends 260 billion annually on non-European tech services, including 80% of cloud costs, prompting a push to redirect funds to European firms to bolster innovation and reduce geopolitical vulnerabilities.
Key strategies include public procurement policies favoring European providers, public-private funding incentives (e.g., 1:10 public-to-private investment ratios), and restructuring EU funding to prioritize commercializable tech aligned with strategic needs. Challenges include market fragmentation, regulatory disparities, and competition from U.S. tech giants like Microsoft and AWS, which dominate through lobbying and pricing strategies. Eurostack advocates for legal measures to restrict non-European providers in critical infrastructure and cybersecurity, stressing the need for open standards and interoperability to avoid stifling innovation. The initiative seeks to address risks like over-reliance on foreign tech, exemplified by U.S.-controlled systems (e.g., Starlink), by promoting European alternatives such as Scaleway and OVH cloud. Long-term goals include a 2030 timeline for increased European tech adoption, emphasizing collaboration across EU member states to counter fragmentation and align with geopolitical security needs.