Ten more startsups to join MonacoTech in Fontvieille

Photo: Facebook MonacoTech
Photo: Facebook MonacoTech

MonacoTech’s second selection board, in partnership with Monaco Telecom and Xavier Niel, met on September 18 to discuss more candidates for state support.

The Incubator & Accelerator Program for startups, created by the Monegasque State earlier this year and under the direction of Fabrice Marquet, approved 10 files out of 105 presented, bringing the total number of startups to 15 that will be welcomed at the Fontvieille premises. Five projects were selected during the first selection jury in July.

MonacoTech, is the only one of its kind in the Principality. Its main objective is to support the creation of innovative projects through a network, including Business Angels, venture capitalists, banks, and other players, and to provide a dynamic ecosystem.

An open plan office space of more than 800m2, able to accommodate up to 50 people, or about twenty startups, includes a co-working space that will be made available for a cost of between €150 to €300.

The selection board was comprised of Nicolas Brunel (Director of Investments at LVMH), Pierre-Emmanuel Saint-Esprit (founder and CEO @HelloZack), Caroline Goulard (CEO and Cofounder of Dataveyes), François-Xavier Leclerc (Business Angel and Director of RMC and Monaco Telecom), Natacha Quester-Séméon (CEO and co-Founder youARhere), Frédéric Genta (Industry Head, Google France) and Thierry Crovetto (National Councillor).

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