Located in the principality of Monaco, MonacoTech enjoys a dynamic economy and a strategic position right in the centre of the euro zone. This ambitious financial marketplace benefits from a cosmopolitan culture, an extremely well connected territory and a major employment catchment area focused on niche markets.
Monaco has become a real test bed and a favourite showcase for any investor or entrepreneur looking for a place to set up.
Deploying, testing and validating technologies at large scale can be a struggle. Getting the proper authorization and clearance will take several months or even years. Through the MonacoLab program, a tech validation fast track, innovative partners will have their proposal green-lighted promptly.
MonacoLab Program is included in the incubator and accelerator program.
MonacoTech will be able to welcome startups mid-september at the latest.
The startups do not have to belong to a specific field. However, we highly encourage entrepreneurs to emphasize and focus on innovation regarding their project as it is the main aspect of the program.
The most important thing is the company’s headquarters will have to be located in Monaco. Our main goal is for startups to generate growth.
MonacoTech is offering two different programs. The incubator will provide a follow-up to young entrepreneurs through creating and developing their startup. Desk price for that program is 150€ per month. The accelerator will help already-existing startups boosting their growth and increasing their international presence.
They can already raise funds by themselves. However, thanks to its network, MonacoTech can put startups in touch with a whole range of private investors. On the other hand, a public investment offer is currently being elaborated.
Incubation time will be determined depending on each startup’s needs. MonacoTech isn’t setting a precise incubation time, it’ll hold between 12 and 18 months. The objective is to help the startups grow as much as they need it.
Regarding the first session, applications should be handed in by June 25th, 2017, 12:00am (CET). Selection jury is set for July 10th.
MonacoTech will be offering consulting regarding the creation of a visual identity, the positioning and finally setting up a digital strategy.
The main goal of the incubator is to bring consulting by various ways. Conferences will be held by experienced entrepreneurs, in order for young CEOs to get tips about managing and developing a company. In addition to that, MonacoTech has a partnership with The International University of Monaco. This will give startups a punctual formation, as they will be allowed to follow Entrepreneurship and Management courses.
The average team size is 2 people. MonacoTech will be able to welcome 4 people or more. However, the size of the team will be studied according to the project.
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