Corallia Clusters Initiative

In today's competitive world, cross-industry synergies and research collaborations have become a necessary core competency, making clusters increasingly important.
Corallia - the Hellenic Technology Clusters Initiative is a public-private partnership, aiming at boosting competitiveness, entrepreneurship and innovation, in knowledge-intensive and exports-oriented technology segments, where Greece has the capacity to build a sustainable innovation ecosystem and can attain a worldwide competitive advantage.
Corallia portrays the mutual vision of all innovation ecosystem actors, including industry, academia, research labs, VCs, business angels and regional and central government.

Corallia, a clusters facilitator

Acts as a one-stop-shop, through which the entire innovation network gains access to unique business opportunities and added-value services.

Supports new venture creation, where students and entrepreneurs "to-be" can apply innovative ideas and set-up start-ups.

Expands the innovation-knowledge horizon with a thorough training program, through which members of the clusters gain best-in-class on topics ranging from technical skills on project management, to negotiation tactics and business plan development.

Eases the innovation gap through complementarities and partnerships among cluster-members as well as between cluster-members and national and international organizations, including world-class innovation centers of excellence, in Europe, USA, Japan.

Sponsors actions to establish strong ties with universities and research centres, in order to enhance technology transfer and R&D commercialization in the thematic technology areas of the clusters.

Provides incentives for VCs and Business Angels to invest, especially at the early stages, by creating a favorable environment.

Leverages the top-tier Hellenic human capital (in Greece and abroad), which possesses a solid base in sciences and engineering and promotes the "Innovation Made in Greece" branding.

Corallia structures its objectives and actions according to the following strategic axes:

• Competitiveness through the development of co-operation between competitive companies ("co-opetition").
• Critical mass and geographical hyper-concentration in the thematic areas in the technology segments of focus.
• IPR protection and patent submission.
• Network with and ease repatriation for human capital.
• Economies-of-scale and economies-of-scope.
• Sustainable growth based on the principles of corporate social responsibility.