Interview: Peter Kutemann, Founder of Monaco Impact

Monaco has given much to Peter Kutemann, President and CEO of Dietsmann. It has provided legal and financial stability for his company, and a safe and welcome environment for his family.

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So, he wanted to give something back. Frustrated by the false impression that some outsiders have of the Principality, and determined to strengthen Monaco’s position as a soft power in the world, Peter established Monaco Impact.

He spoke to Monaco Life about the legacy he hopes this non-profit organisation will leave and its exciting new project that will not only have an impact on Monaco, but on the world.

Monaco Life: Can you tell us about yourself and your relationship with Monaco?

Peter Kutemann:I have living in Monaco since 1984, when I established Dietsmann Monte Carlo as an administrative support office for our professional activities. We have always enjoyed very good government support in terms of economic and financial stability here, so our activity grew, and so did our staff and the importance of our office. In 1990, I became a resident with my wife. We enjoyed Monaco very much and we came to appreciate that it is a unique environment. It is the only country in the world where the majority of residents are foreigners, which gives it a very dynamic and cosmopolitan feel. It’s safe, it has a good a geological climate, and a very vibrant social life. So, I love Monaco, but more importantly as a professional, an entrepreneur, Monaco has provided us with legal and financial stability and that’s what you want as a company.

When did you feel the need give something back to the community that you had come to love?

We know that Monaco is the envy of many other countries, because it is the only one with a surplus budget despite no income tax. And Monaco has to continuously defend its status in the European Union, the European Commission, etc. Monaco has never been a hard power because there is no army, like France or America, but Monaco can be an important soft power. So, as a responsible resident, my idea was to help make Monaco an important soft power. It is a very good defense against envy, jealousy and attacks from the international community. I started Monaco Impact to help the Principality have a social impact, a soft impact, on the world.

We started by looking for philanthropic projects and raising money for them, but we found that raising money in Monaco was more difficult than we expected. Many people already have their own philanthropic causes. So, one of the most important aspects of Monaco’s social policy, initiated by Prince Albert II, is the protection of the oceans and bringing the importance of the ocean to the attention of the world. In order to support that, we teamed up with the Oceanographic Museum and the University of Monaco and we challenged IUM students to come up with an entrepreneurial idea, a business proposal, for protecting the oceans and spreading information about the importance of the oceans among young people. We were pleasantly surprised by the creative ideas that these students had. In turn, they have an opportunity to test their business plans with a jury of entrepreneurs (our members) and do some important networking. Last year’s winner, Lauren Coles (a Monaco Life intern), had the idea to use plastic waste from the ocean to make textiles. Through our contacts, she is now trying to raise money to fund her initiative.

You also have a mentoring programme?

You can do two things to help make this world a better place – you can either fund projects or you can give your time. We think that the time our members can spend in helping young entrepreneurs and students to make an impact is more productive than raising money. 

As many of our members are experienced managers or entrepreneurs, we have also teamed up with the start-up incubator Monaco Tech. We know from experience with entrepreneurs (I am still one myself), they think the world will be quick to embrace a good idea. But that’s usually not the case; everybody needs a break. So, our members mentor these young entrepreneurs and support them by helping to develop their business plans, provide networking opportunities, etc.

MonacoTech partnership

You have another exciting project in the pipeline, can you tell us about that?

Presently we are considering a third, very large social impact project which we will soon present to our members. It’s called the Nutrition and Growth App for Children, and we are developing it with data specialists. The aim is to collect data that will be used to determine children’s health initiatives throughout the world. Currently, the World Health Organisation has global standards for child growth and nutrition. But a child in Africa is different to a child in the United States, and a child’s growth here on the Côte d’Azur is different to a child in Norway. So, this app allows data to be collected locally and individually and, thanks to the algorithms, parents can see if their child’s growth is consistent with their demographic like country, race, etc. The app will also be able to predict growth for the coming years. And only parents and doctors will have access to that information. In principal, it is a no-earning model. The app will be developed and trialled In Monaco, hopefully, with the support of the hospital and government, and if it is a success, we will roll it out in other countries for free. This would solve a lot of child growth problems, and it will be an idea that has come from Monaco. So that is the soft power I am talking about

Who are members of Monaco Impact?

We like to have people that share the same values and ideas as us; people who want to give something back to the community here, to help generate ideas and mentor young entrepreneurs. One of our members is Irina Peterson, who is taking part in eXXpedition Round the World, a pioneering all-female sailing voyage and scientific research mission to circumnavigate the globe, sailing through some of the densest ocean plastic accumulation zones on the planet to study plastic pollution. We presented Irina with a cheque of support on Tuesday evening. This is an example of a member who is completely in line with our core values.

In all, we have around 30 members, but we are looking for more active members. We would like, for example, a medical professional, perhaps a retired doctor, who can help with the nutrition app. We would like to expand our network.

Peter Kutemann presenting a cheque to Irina Peterson

What do you want the legacy of this organisation to be?

I want that it helps Monaco grow as a soft power. Monaco should not just be known for The Rock where people drive Ferraris and go to expensive restaurants and show off their expensive watches. This is often the image that Monaco has by jealous people. So this is a counterweight to that.

 

 

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Princess Grace Hospital tour

The development of the new Prince Grace Hospital appears to be going ahead as planned. A tour was organised of the construction site as part of the Francophone congress of the Journées de l’Architecture en Santé.

Around 50 architects and engineers were welcomed by Benoîte de Sevelinges, Director of CHPG, and Jean-Luc N’Guyen, Director of Public Works.

The aim was to present the new hospital project and its innovations, but also to show the measures taken to limit the impact of the construction site on the normal operation of the hospital.

 

The first phase of the new hospital on Avenue Pasteur will include a 500 space parking lot, while two wings are due to be delivered by 2025. The remainder of the hospital, including the emergency section, operating theatres and medical imaging, will be delivered in 2026. Two other wings will be constructed between 2026 and 2030, after which the old Princess Grace Hospital will be demolished.

 

Photo: © Directorate of Communication / Manuel Vitali

 

Nautical Society rowers in Hong Kong for World Championships

A Monaco delegation arrived in Hong Kong earlier in the week in preparation for the Rowing World Championships being held this weekend.

The 14 competitors arrived in the Chinese city three days before the start of the Championships in order to get some last minute training in and to get a feel for the city.

The trip, which took 17 hours and took the team through Dubai, saw them arriving in Hong Kong in good spirits and ready for the competition.  

Their boats arrived by container and were quickly put to good use, as the athletes spent their first morning on the water feeling confident and ready despite the high humidity and heat. 

Amongst the rowers there are seven veterans from last year’s World Championship held in Canada, where the team came home with two medals. Three of the team are debutantes, ready to fight for Monaco and their team.

The site of the contest, Causeway Bay, is off the north side of the city, offering fantastic views of both mainland Kowloon and Hong Kong Island.

“Everything went well even though it was very hot,” competitor Kristina Fortuna said in an interview with La Gazette de Monaco. “The plus in Hong Kong is the view of the buildings when you row. It has an effect.”

 

Photo: Aviron-Monaco Facebook page

Council pushes ahead with passport changes

The number of Monegasque citizens has risen threefold in the past 70 years. To control this sharp upsurge, there is a law in the works that raises the number of years a person married to a citizen must be espoused before they are eligible for nationality.

In a meeting of the National Council last week, a proposal to raise the number of years to obtain citizenship in Monaco from 10 to 20 was put to the vote. The bill was signed unanimously by the councillors and should be in effect “very soon”.

Making people wait until their porcelain wedding anniversary before allowing them to be full citizens may appear a bit harsh, but the reasoning behind the decision is practical. 

If the number of nationals surpasses a certain number, the whole social system will be in jeopardy based on the current model. It would no longer be possible to allow nationals to enjoy the benefits they receive, such as subsidised housing, jobs, and generous social welfare allowances. 

The number of citizens in 1950 was 3,000. Today it tops out at 9,326 and at this rate of growth, the two square kilometre Principality would see the population rise to nearly 15,000 in the next 50 years, which goes beyond the tipping point.

There also exists an imbalance between male and female citizens that this bill aims to rectify. The husband of a Monegasque woman is not eligible for citizenship under the current legislation.

The new bill eradicates this situation by making the transmission of citizenship available to both men and women married to nationals after the 20 year timeframe, creating a fairer system all around.

Festival for the Earth returns for 4th year

Former Secretary-General of the United Nations Ban Ki-Moon will be presented with the Grand Medal of Prince Albert I at a special ceremony in Monaco next week. The awards is being held alongside the Festival for the Earth, an international conference centred on addressing issues affecting the environment, which is back for its fourth edition next week.

The Festival for the Earth, organised by MbrArt with the assistance and support of the Prince Albert II Foundation, will be held 6th and 7th November at the Oceanographic Museum.

The Grand Medals of Prince Albert I will be presented on the morning of the 7th at the museum. Ban Ki-Moon will be recognised for his mediation, while Professor Lisa Ann Levin will receive a ‘Science’ award.

The annual Festival for the Earth event hosts a series of roundtable discussions, workshops and talks whose goals are to offer to as broad an audience as possible alternative ways of looking at environmental issues. The conference’s aim is to challenge attendees to reflect on new solutions to helping the bionetwork as well as transforming outmoded ways of thinking about environmental matters.

Talks will focus on creating positive transformation in the fields of science, technology, economics, business and innovation to shape the world into a more sustainable future.

Festival for the Earth is the brainchild of artist Maria Rebecca Ballestra, who chose Monaco as one of two cities to host the event, the other being Venice, because of their strong philosophical and historical ties as well as being places where relationships between water and land have shaped their pasts and will continue to shape their futures.

Doors are open from 10am to 6pm and entry is free. For additional information go online at www.festivalfortheearth.com

 

 

Kids get the spooky treatment for Halloween

The Monaco City Council is going all out this year for Halloween, organising a host of fun and spooky activities for the Principality’s school children including a new sound and light show.

Each year, the Monaco City Council aims to make Halloween as fun as possible for its young ones and this year they will be spoiled for choice. Festivities will kick off with a free treasure hunt at the Princess Antoinette Park between 2pm and 4.30pm on Thursday 31st October. Registration is required on site from 2pm.

This will be followed by a new sound and light show featuring illuminated pumpkins and music. To attend, go to the multisport field at the top of the park from 5pm. The show will last for one hour.

The Exotic Garden will once again celebrate Halloween with activities and games for children aged over 10. The Cave Observatory will be decked out in spooky decorations, with music, thrills, games and sweets. This one is aimed at the older ones who have permission to party until 9pm. The event is free and available to children attending school in Monaco. Places are limited and registration is necessary in advance at the Exotic Garden.

All age groups are welcome to celebrate Halloween at the Médiathèque with a series of workshops. On Wednesday 30th October, from 10am to 11am, parents and kids from three years of age are invited to take part in Halloween mask making. The following day, on Thursday 31st, kids aged over six can come to the Princess Caroline Library from 2.30pm to 5pm for games and riddles on the theme of Harry Potter. Places are limited and registration is necessary.

So, tell the kids to get their spookiest costumes ready, because there is plenty of fun planned.

 

This article was first published on 14th October