Registration opens for entrepreneurship competition

Young entrepreneurs in the Principality of Monaco have the opportunity to pitch their business ideas and possibly win a significant funding boost to help kick start their project.

Since 1995, the Junior Chamber International Monaco (JCEM) has sponsored the JCEM Entrepreneurship Competition, Concours de Creation d’enterprise à Monaco, whereby young businesspeople with promising projects can turn their ideas into realities.

Competitors must register online and, if selected, will have the opportunity to pitch their project to a panel of professionals next autumn.

The competition is open to those aged between 18 and 40 years, who own at least 33% of the company, are or plan to be part of the company’s management team and who intend to establish their business in the Principality.

The prizes up for grabs are significant. First place winners get €40,000 in prize money to assist in getting their business up and running. Second prize is a generous €21,000 and third place receives a €5,000 endowment.

Runners-up will receive a ‘Monaco Success Box’ which contains services and gifts offered by JCEM’s partners. All participants will have the benefit of mixing and meeting with prominent business leaders and potential investors. 

The initiative is carried out with the support of the Government of Monaco, the technical collaboration of the Economic Development Department, the Welcome Office and the support of Athos Partners, Crédit Agricole Monaco, SMT, Gordon S. Blair and other JCEM partners. It also highlights promising projects and creates synergies with investors, potential partners, business leaders and personalities in Monaco’s economic centre.

Former winners include successes such as Papyrus, Le Teashop, My Marketing Manager, and Athos Partners.

Registration is open now until 31st August online at jcemonaco.mc.

 

 

Sources: Jcemonaco.mc

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