Business & Finance
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MonacoTech launched its website Monday at midnight from which applicants can submit their business projects for either the Incubator or Accelerator program. The site – www.monacotech.mc – in both English and French, is the entry platform for startups seeking support.
Headed by Fabrice Marquet, MonacoTech has been created by the Monaco government, in partnership with Monaco Telecom and French entrepreneur Xavier Niel. It has multiple objectives: to support innovative projects in business creation in Monaco; to create successful companies; to diversify the Principality’s economic activities by positioning itself as a credible and radiant innovation capital and to generate indirect economic spin-offs. In the long term, the role of MonacoTech is to perpetuate new companies and integrate them into the local economic fabric.
Local and international projects in any field related to technology, in fintech, healthtech, smart city, connected objects, and so on, will be studied by a jury of professionals. As previously announced, MonacoTech will have space totalling 820m2, which can accommodate up to 20 startups, that is to say about sixty seats, with a semi-public part and co-working space, from a cost of €150 to €300 per month. Startups will benefit from support in terms of advice, follow-up, support and financing during the initial stages of their creation. The premises are scheduled to open in the autumn of 2017.
Speaking at the CleanEquity conference in March, Minster of Economy Jean Castellini said, “Together, we will try to make Monaco a base of start-ups in the telecom industry but I would want the cleantech nuggets of tomorrow to be born, raised and incubated in the Principality, as well as healthtech and fintech.”
Monaco-based Anastasios (Tassos) Economou has been elected chairman of the Board of Directors of YPO, a global leadership community for chief executives. It was announced earlier this week that Economou will be the 69th member to hold this office and will succeed current YPO Chairman Elizabeth Zucker. He will begin his term on 1st July 2020. A member […]
Chinese Academy of Sciences Holdings Co., Ltd. and Innovator Capital Limited have signed a Cooperation Agreement, marking the next step in the process of setting up their joint venture. The JV, with Innovator Capital’s Sustainable Finance & Investment Corporation, will comprise a green technologies innovation fund and a transfer platform. The fund, which was first […]
Monaco will benefit from a ‘Real Estate Tech Innovation Program’ that is being developed in partnership with the ESCP Europe Business School in Paris. Prince Albert discussed the research program during a visit to the school last week, where he was also given an Honorary Doctorate Award for his environmental commitments. On Tuesday 24th November, […]
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 […]