https://www.theregister.co.uk/2019/08/23/eu_plots_100bn_tech_fund_to_fight_us_giants/

The European Commission wants to set up a €100bn wealth fund to invest directly in local technology companies to help businesses fight international giants like Apple, Google and Alibaba.

The European Future Fund is planning to use existing budgets to make direct equity investments in technology organisations, something which would require changes to current public-funding rules.