alt Hacker NewsThe sovereign tech fund is doing precisely that: Funding critical infrastructure projects. NLnet is also helping in the effort as far as i'm aware, as are some other organizations. Even some companies are chipping in. There is of course always a lot left to do.
From the looks of it, it doesn't seem enough. EU just doesn't have enough money to make this all viable. US is the only country with enough funding resources for quite a lot of critical and over-looked projects