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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.
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Monaco has a new bailiff, or huissier as known locally, who was sworn in earlier this week.
General crime rates in the Principality dropped by a significant 16% between the years 2016 and 2019, and street crime by an impressive 52%.
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The Astana EXPO 2017 International Specialised Exhibition closed on Sunday, September 10, after recording a considerable success for Monaco.
Nearly 115 countries and organisations participated in the Expo, and the Monaco Pavilion, with the theme, “Thinking about the future”, was a real success throughout the 93 days of the event. A total of 250,000 visitors were welcomed at the Pavilion, accounting for about seven percent of the total numbers.
The Pavilion was also put to use on several occasions for specialised events that drew particular attention to the values and potential of the Principality.
On the eve of the closing, the Monaco Pavilion received the bronze medal for its design, awarded by the International Exhibition Bureau.