And how does all this funding compare to something like the Google's Chrome & Firefox? That is one company controlling the majority of web traffic through OSS that on balance respects user freedom. To me, that is a better funding model with better results.
Funding use cases may well be a good use of time, but given the serious issues the EU has establishing itself in the tech industry, the military and economic crisis they have managed to waddle in to and the general political turmoil that seems to have kicked up I opine it is not the time to be wasting political bandwidth like this note calls for. The US model of letting companies fund and build software (including free software) seems a bit stronger, more flexible and politically easier to coordinate.
We don't need all of Europe to come together and work out who they think is the best team to build web technologies. Google puts a team on it and it probably happens. There are worse ideas out there than calls for government funding but it just doesn't sound effective to me - these continent-spanning governance bodies don't have the bandwidth to pull off this sort of delicate technical work.