EU funding is the kiss of death for technology initiatives. I can confidently predict that this will go nowhere.
NGI is different, they seem to focus more on funding individuals and open source projects with relatively small grants. This has good and bad sides of course - a more level playing field, but makes it still difficult for projects that require long term work.
Personally, I think someone should have bought Jolla and open-sourced Sailfish and their Android VM. Perhaps turn it into a foundation, like Signal.
Wait, there is more than one?