Weather
Monte-Carlo, MC
broken clouds
13 ° C
15 °
11.1 °
67%
1kmh
75%
Mon
12 °
Tue
14 °
Wed
13 °
Thu
12 °
Fri
12 °
Breaking News

Makeover of Casino Square to dramatically change the look of Monte Carlo

Prince inaugurates MonacoTech

Prince inaugurates MonacoTech

By Staff Writer - November 9, 2017

Prince Albert and Xavier Niel. Photo Charly Gallo/DC
Prince Albert and Xavier Niel. Photo Charly Gallo/DC

MonacoTech, the Incubator and Accelerator startup program created by the Monaco State in partnership with Monaco Telecom was inaugurated by Prince Albert, Minister of Finance and Economy Jean Castellini and Xavier Niel, owner of Monaco Telecom, on Wednesday afternoon.

With more than 800 square metres of open space, including a co-working space, two fab labs and a ping-pong room, MonacoTech has already welcomed 15 startups over the last few days, from various countries including Singapore and Canada.

MonacoTech is the only organisation of its kind in the Principality. Its main objective is to support the creation and launch of innovative projects through a dynamic ecosystem and a network of business angels, venture capital, banks, and so on.

Jean Castellini, in the presence also of Minister Marie-Pierre Gramaglia, Minister for Public Works, the Environment and Urban Development, and Minister of State Serge Telle, pointed out: “This initiative of the Government is part of the necessary evolution to transform the economy of the Principality over the years to come.”

The Minister of Economy added, “The baby has been born and will grow quickly. We wish her a long happy life.”

There was also acknowledgement from Minister Castellini and Xavier Niel of the efforts and “brilliance” of MonacoTech Director Fabrice Marquet, a Monegasque who launched two businesses of his own during his years living abroad.

The first selection jury had selected five startups out of 67 submitted files (CIEL, Hyve, KeeSystem, TerraioT, YouStock) and the second jury 10 of the 115 files submitted (Novetech Surgery, Lanveva Boats, Phyg, Surgisafe, Coraliotech, Gangz, Nanotek Materials, Linkyourleasure, Teale, Yachtneeds).

Article first published November 8, 2017.


READ ALSO

JCEM breakfast serves up financial tools for businesses in Monaco with Minister of Economy

shares
SHARE
Previous articleNo trains to and from Italy
Next articleThe Charities of Monaco Life: Les Enfants de Frankie

daily

Stephanie Horsman

An incredible 12-month time lapse video showing the creation of Monaco’s mammoth land extension project has just been released.

0
January 16, 2020 | Local News

There’s a new bailiff in town

Stephanie Horsman

Monaco has a new bailiff, or huissier as known locally, who was sworn in earlier this week.

0
January 14, 2020 | Local News

Monaco crime rates continue to fall

Stephanie Horsman

General crime rates in the Principality dropped by a significant 16% between the years 2016 and 2019, and street crime by an impressive 52%.

0
Stephanie Horsman

As part of the newly approved Palais Honoria housing project, a gantry will be installed above Boulevard de Belgique, creating temporary traffic impediments in the area.

0