28 new Covid cases on 19 Jan. brings total to 1,240: 36 hospitalised: 16 resident + 10 in ICU: 4 resident, 114 home monitored, 1,036 recoveries, 9 deaths
Monaco’s entrepreneurial eco-system has received a major “boost” thanks to the opening of another government funded start-up incubator capable of supporting 108 businesses.
Monaco Boost was officially launched on Wednesday 6th January by Minister of State Pierre Dartout, Finance and Economy Minister Jean Castellini and President of the National Council Stephane Valeri.
Like its sister incubator MonacoTech created in 2017, Monaco Boost is able to provide office space to start-ups looking to get established and register as a company in the Principality.
“I welcome the implementation of this tool available to Monaco’s entrepreneurs who create and innovate, and which will be used to promote economic initiatives in the Principality,” said the minister of state.
Monaco Boost is located in zone F of Fontvieille and is 100% owned by the State, with Laurence Garino, head of the Monaco Welcome Office, taking on the position of administrator.
Photo by Michael Alesi – Government Communication Department
The 1,200 square metre business centre is made up of 32 closed office spaces, two co-working areas that include 16 shared offices and 12 “hot spots”, two meeting rooms, one multipurpose room, a cafeteria, a relaxation area and a terrace.
The whole space is capable of accommodating 108 companies.
The government has indicated that by the end of January 2021, a call for applications will be launched for individual offices, with a view to installing the first contractors in April 2021. The Allocation Commission will be chaired by the Minister of Finance and Economy Jean Castellini and include National Council representatives, the Administration des Domaines, the Directorate of Economic Expansion, and SAM Monaco Boost.
Photo by Michael Alesi – Government Communication Department
The CSM has become the first public entity to take an interest in a private company, signing a financial deal with startup Coraliotech for its work applying coral molecules to human health.
Monaco’s entrepreneurial eco-system has received a major “boost” thanks to the opening of another government funded start-up incubator capable of supporting 108 businesses.
The Monaco Economic Board hosted its first ever economic e-mission with Russian entrepreneurs this month, paving the way for future business opportunities with the country.
Employees in Monaco will be able to have their hours reduced while maintaining full financial support from the State in the government’s latest bid to avoid layoffs due to the Covid crisis.
Women made up 41% of the workforce in large companies in 2019 and the majority were French. These are just some of the findings to come out of the latest report by IMSEE.
As a resurgence of the Covid pandemic brings continued uncertainty for the coming months, organisers of Sportel Winter have given up trying to pursue their February event at the Grimaldi Forum.
Businesses looking for a digital overhaul will have up to 70% of the project paid for by the government in a recovery package designed to help companies reach their digital potential.
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HSH Prince Albert II of Monaco has met with French President Emmanuel Macron at the Elysée Palace, discussing everything from the Paris Agreement to the rights of French citizens working in Monaco.
A statement released by the Palace reads: “Our common destiny, forged throughout our history, is enriched by the constant cooperation between the two states, the development of Franco-Monegasque employment and the affirmation of shared great ambitions. These concern in particular the protection of the environment, the fight against climate change, the defense of biodiversity and the preservation of the oceans.”
The President of the French Republic and the Sovereign Prince of Monaco reaffirmed their commitment to work together in the implementation of the Paris Agreement, in view of COP25. They also decided to move forward together to develop, through a working group, the statutes of the Fondation Albert 1er, which is responsible for the Maison des Oceans in Paris and the Oceanographic Museum of Monaco.
Meanwhile, the two heads of state discussed the negotiation of an Association Agreement between Monaco and the European Union, in which the Principality and the French Republic can develop a mode of cooperation adapted to the realities and challenges of the 21st century, taking into account the specifics of Monaco and their bilateral relationship; the evolution of the situation of French citizens living in Monaco for several generations, who contribute to the history, social and economic stability of Monaco; and the daily life of French employees who participate directly in its economic dynamism, and in particular the question of their possible access to preferential housing in neighboring communities.
Finally, Prince Albert II invited President Emmanuel Macron and his wife to visit the Principality of Monaco for an official visit.
Top photo: Prince Albert and President Emmanuel Macron, courtesy Prince's Palace
