Christophe Mirmand, Monaco’s Minister of State, and Frédéric Cottalorda, Conseiller de Gouvernement-Ministre des Finances et de l’Economie, visited two of the Principality’s flagship entrepreneurship programmes on Monday — Monaco Boost and MonacoTech — in a joint visit that underlined the government’s commitment to developing Monaco’s homegrown business ecosystem.
The two structures serve distinct but complementary purposes. Monaco Boost, the state-owned business incubator based in Fontvieille, was established in 2021 as a launchpad specifically for Monégasques and their spouses, providing workspace, professional support and networking opportunities to early-stage businesses. MonacoTech, co-founded in 2017 by the Monaco Government and Monaco Telecom with the expertise of Xavier Niel, operates as a startup accelerator open to all nationalities, with a focus on innovative companies across sectors including greentech, biotech, yachting, artificial intelligence and fintech.
Together, the numbers reflect steady progress. Since its opening, Monaco Boost has supported 95 companies, while MonacoTech has backed 72 entrepreneurs since its launch nine years ago.
Direct exchanges with entrepreneurs
The ministers were received by Julien Dejanovic, Managing Director of Monaco Boost, and Chloé Boscagli, Director of MonacoTech, who presented the missions, achievements and future outlook of each programme. The visit included direct conversations with founders and startup teams, giving the government a first-hand view of the projects currently in development across both structures.
Mirmand used the occasion to recognise the entrepreneurial energy driving Monaco’s economy, reaffirming that innovation and talent development remain central to the Principality’s broader ambitions for economic attractiveness and international standing.
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Main photo of MonacoTech, credit: Stephane Danna, Government Communications Department