MonacoTech, the start-up programme backed by the Monegasque Government, presented five start-ups at the The Monaco Business Salon on September 19th. The MonacoTech startups included:
Altores is developing an AI-powered solution to create digital employees that automate manual and redundant tasks.
SOCA offers a web and mobile platform for restaurateurs and suppliers wishing to simplify and optimize their daily operations.
Monaco XP boosts the professional development of teams with an innovative training platform.
La Purative is a sustainable luxury beauty and wellness brand, exclusively produced in Monaco and the south of the France.
Coraliotech that produces, promotes and markets innovative coral products for health and well-being.
The start-up teams also had the opportunity to meet with H.E. Mr. Didier Guillaume, Minister of State, as well as many key players in the Principality.
MonacoTech background
Launched on November 8, 2017, MonacoTech is the first startup incubator and accelerator in the Principality. Established through the Prince’s Government’s initiative to foster new economic activities, MonacoTech has received over 300 applications from around 30 countries and has supported around 30 projects across diverse sectors, including cleantech, fintech, medtech, smart city, yachting, and space.
Located in an open-plan space of over 800 square meters, MonacoTech features 60 workstations, a co-working area, and two laboratories. It results from a collaboration between Monaco Telecom, the Prince’s Government, and Xavier Niel, the founder of Station F in Paris, the largest startup incubator in the world.
MonacoTech provides startups with personalized guidance, ongoing support from the Ministry of Finance and Economy, and resources from various administrative departments. The program also includes financial backing from a network of mentors, coaches, and business angels, along with strong partnerships, such as Monaco Impact, which connects philanthropists and entrepreneurs focused on social and environmental goals.
Additionally, MonacoTech serves as a hub for reflection and dialogue, regularly hosting business and government leaders for meetings, conferences, and presentations.
