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Start-up incubator and accelerator MonacoTech, launched on 8 November 2017, is the first organisation of this kind in the Principality.

Born of the Prince’s Government’s determination to develop new economic activities, it has already attracted more than 300 applications from around 30 countries and supported some 30 projects across a wide variety of fields (cleantech, fintech, medtech, smart city, yachting and the space industry).

 

Based in open-plan premises covering more than 800 m2 with 60 workstations, a co-working space and two laboratories, MonacoTech is the result of a partnership between Monaco Telecom, the Prince’s Government and Xavier Niel, who was also behind Station F in Paris, the world’s largest start-up incubator.

MonacoTech offers its start-ups tailored advice and follow-up with supervision from the Ministry of Finance and Economy and support from a number of administrative departments.

© Direction de la Communication - Charly Gallo
© Direction de la Communication - Michael Alesi

The programme also offers financial support from a specialist network (mentors, coaches, business angels, etc.) and strong partnerships, with, for example, Monaco Impact, a network of philanthropists and entrepreneurs who assist young businesses with a social impact in Monaco and environmental goals.

In addition, MonacoTech has been designed as a space for reflection and discussion, regularly hosting key figures from business and government for meetings, conferences and other presentations.

For further information and to submit an application, see: www.monacotech.mc

 

© Direction de la Communication - Michael Alesi
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