Sandrine Sauval-Chanteloube takes over as new Director of MonacoTech

MonacoTech has elevated Sandrine Sauval-Chanteloube to the position of director. The Monegasque replaces Lionel Galfré as the head of Monaco’s successful incubator.

Sandrine Sauval-Chanteloube arrived in January 2022 at MonacoTech as assistant to the director, Lionel Galfré.

The government-backed incubator on Wednesday that as of 5th June, she has now been tasked with the top job.

“I am honored to take the helm of MonacoTech and extremely enthusiastic about the idea of working with all the actors of innovation in the Principality to accelerate the creation of value, jobs and wealth for the territory,” said Sandrine Sauval-Chanteloube. “I believe that cultivating meaningful innovation and entrepreneurship based on strong human, social and environmental values are the keys to sustainable growth. It is indeed the ambition of MonacoTech to be a springboard for growth for the talents driving these innovations.”

With a Master’s degree in Management and New Technologies from HEC Paris, as well as an engineering degree from ENSERG, Sandrine Sauval-Chanteloube began her career as a consultant at IBM.

Then, at BNPParibas Securities Services, she led transformation projects for different departments of the bank, demonstrating her ability to coordinate teams and drive complex initiatives.

“With international and multidisciplinary experience in change management, Sandrine is a valuable asset in supporting and accompanying the incubator’s startups in their journey,” said MonacoTech in a statement.

Since her arrival at the incubator, Sandrine has contributed to implementing strategic changes for the incubator, in particular a new recruitment dynamic that includes two calls for projects each year and a redefined support cycle of 18 months, extendable under certain terms.

Since its creation in 2017 by the Prince’s Gouvernement, Monaco Telecom and Xavier Niel, 48 start-ups have been able to benefit from the tailor-made program offered by MonacoTech, and 23 companies have been created offering more than 120 jobs, half of which are in the Principality.

Today, the incubator’s portfolio consists of 18 startups.

After having helped achieved this success over the course of three years, Lionel Galfré has left his post to join the public sector.


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Photo source: MonacoTech