I don't think the Industrial Revolution could have started in Europe, but perhaps it would be more receptive to Eastern advances in technology if they were a little less conservative socially.
I think the earlier-suggested Manzikert TP might work - if the Eastern Romans lose, fear of losing Constantinople to the Seljuks could lead to Christian invasions of the Mideast. Jesus was from Palestine, after all, as was the Old Testament's Israel - it could be some sort of effort to reclaim the Holy Land put together by the Ecumenical Patriarch or even the Pope (perhaps an earlier TP where the Constantinople-Rome schism doesn't happen is the only way to make this work). I don't see such an effort working in the long run, but the political system over here was chaotic at the time - they could maybe grab a foothold for a few decades around Acre or even Jerusalem.
Soldiers exposed to Islamic culture could bring some technology and wealth back with them, creating a rising merchant class, which in turn leads gradually to some improvements in human rights and a slightly more liberal outlook - maybe even a severe weakening of the Church's authority. And then they'd be a bit more receptive to Eastern ideas and inventions - or at least not flagrantly disregarding the scientific theory.
So, Islamophobia could actually lead to Easternization. A bit of a long shot, though.