MonacoTech and IUM commit to supporting entrepreneurship

Fabrice Marquet, Director of MonacoTech, with Jean-Philippe Muller, IUM’s General Director
Fabrice Marquet, Director of MonacoTech, with Jean-Philippe Muller, IUM’s General Director

On Tuesday, May 16, the International University of Monaco (IUM) and MonacoTech showed their joint commitment to support entrepreneurship in the Principality.

Fabrice Marquet, Director of MonacoTech, presented Monaco’s recently launched Incubator and Accelerator Startup program to IUM students, after which Mr Marquet and Jean-Philippe Muller, IUM’s General Director, signed an accord to develop a collaboration between the two parties.

The agreement will focus on assisting young entrepreneurs and their participation in startups in Monaco, as well establishing a link between the Incubator program, where applications are now being accepted online, and the entrepreneurial track of IUM’s MBA program.

Mr Marquet emphasised that the team is the most important element when assessing applicants to the Incubator program, followed by the business plan and the probability of the company staying in Monaco after its initial launch period.

Diego Bonaventura, Project Manager at Monaco Invest
Diego Bonaventura, Project Manager at Monaco Invest

After the signing, Diego Bonaventura, Project Manager at Monaco Invest, gave students an overview of the Principality in numbers, which included figures such as 7 percent of the government’s budget is designated to healthcare and the fact that there is one police officer for every 70 people. As well, unemployment is at 2 percent and in 2016, 520 apartments in Monaco sold for €2.2 billion.

Article first published May 16, 2017.

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