MonacoTech, the start-up incubator founded in the Principality in 2017, has put out its annual call for new start-ups in the green, clean, bio-med, financial yachting and digital tech worlds.

Applications are now being accepted by the Principality’s premiere start-up incubator, MonacoTech, for companies who are in line with Monaco’s values and in their foremost strategic sectors.

New businesses looking for a boost with backgrounds in green tech, clean tech, biotech, medtech, fintech, digital or yachting are asked to submit applications between 27^th September and 25^th October before midnight in order to be considered.

The selection process will take place in three distinct stages starting with filing the application. The next step will be 20-minute online interviews taking place on 15^th and 16^th November, followed by the presentation of the project in front of a panel of judges on 2^nd and 3^rd December. Final decisions will be made in January to welcome the new start-ups in the new year. 

MonacoTech offers comprehensive support for the winning applicants, giving them a programme focused on the application of best practices and personalised follow-up, workshops and events led by experts, and chances to connect with key players of the ecosystem such as entrepreneurs, partner incubators and investors. Additionally, the start-ups will have access to each other for idea-sharing and support as well as to the MonacoTech ‘Fab Lab’, which can be used for prototyping and experiments.

Projects are evaluated on several criteria. The potential and innovative character, how far along the project has been developed as only those with a first prototype will be considered, and a coherence between the project and Monaco’s values and goals will all be considered before making final choices.

Monaco, says MonacoTech, provides a perfect backdrop for these kinds of endeavours as it is international, open to innovation and experimentation and already wired for 5G.