Cluster Initiative

A Cluster Initiative is a strategic approach where businesses, institutions, and organizations in similar industries or sectors come together to collaborate and strengthen their collective competitiveness. By sharing resources, knowledge, and expertise, they can innovate more effectively and attract investment. This cooperation often leads to improved efficiency, shared marketing efforts, and the development of specialized skills. An example is tech firms in a specific region working together to foster innovation, create jobs, and enhance the local economy, benefiting all participants while driving growth in their sector.