Corallia Ventures: The new Fund financed by EATE has started its operation

The new VC from the financial vehicle Accelerate TT of Hellenic Development Investment Bank EATE, Corallia Ventures Technology Transfer A.K.E.S., started its operation with partners: Nikolaos Vogiatzi, Georgios Doukidis, Stefanos Kapsasskis and Jorge-A. Sanchez–P..

The Fund aims to finance early-stage innovative businesses that have resulted from technology transfer. Technology transfer, especially from Academic and Research Institutions, is a key driver of interlinking research, innovation and entrepreneurship, as demonstrated in the most successful innovation ecosystems worldwide.

The Fund focuses on areas such as Artificial Intelligence, Health Sciences, Technologies Food, Energy Technologies, href=”https://espa.io/c/efodiastiki-alisida-epidotisi/” target=”_blank” rel=”noreferrer noopener”>Transport-Logistics, Technologies Agricultural Sector, Digital Tourism, Augmented/Virtual Reality, Space Technologies, Cyber Security, IoT, Nano/Microelectronics, 6G, Industry 5.0, Robotics, etc.

Corallia Ventures has available funds of €22.5 million and can invest in each selected startup initially up to €300 thousand, and then, in one or more stages, follow-on investments in the same company with larger sums totaling up to €1-1.5 million

The Fund places special emphasis on investment strategies that create long-term, sustainable value, and meet high ESG standards. As mentioned above, the main investor in the Fund is the Hellenic Development Investment Bank (EATE) within the framework of the investment tool of AccelerateTT, as well as distinguished individuals investors from the entire spectrum of the economy, business, and technology.