Greek organisation supporting businesses and start-ups to innovate

In partnership with The European Commission
Greek organisation supporting businesses and start-ups to innovate
Copyright euronews
By Galina Polonskaya
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Greek organisation, Corallia, is supporting businesses and start-ups to innovate, through mentoring and business acceleration programmes.

Corallia is the first Greek organization for the management and development of innovation ecosystems. Over the past 18 years it has created a universe of innovation that includes hi-tech clusters, research centers, financial institutions, business angels, entrepreneurship programs and more.

The award-winning organisation has supported more than a thousand companies, 300 start-ups, and plans to expand even futher.

So far, Corallia has received over 500 million euros of private and foreign investment, and between 2007 and 2020, the project, “Corallia Establishment and Development of the Hellenic Technology Clusters Initiative” received 36 million euros in European funding.

Corallia's cluster, where young start-uppers are supportedEuronews

Senior Manager of the company, Nancy Liva, said that after its birth in 2005 as part of the Athena research center, Corallia was “the first organization that methodically supports the growth of innovative companies and entrepreneurship.”

She added: “We help accelerate those companies in terms of personnel development and the development of products and services of high added value.”

In Corallia’s InnoHUB building, small and large companies work together under the same roof, to collaborate and innovate together, while Corallia advises the companies on how to attract investors and capital.

Liva told Euronews that in Greece, innovation design is a “fundamental principle”, and Corallia’s goal is to facilitate companies in the creation of products and services of “high added value”.

Plants which grow without soil, in EGG supported by CoralliaEuronews

This is important for the Greek economy, as it helps the country become more innovative and competitive on an international level, according to Liva.

Looking to the future, Corallia plans to create a “financial instrument that will help us transfer technical know-how from academic and research institutions to the marketplace.”

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