Monaco Boost welcomes 16 new entrepreneurs
Sixteen entrepreneurs have been selected to join Monaco Boost, as the Principality's business incubator welcomes a new wave of start-ups and young companies following its latest application round.
Sixteen entrepreneurs are set to join Monaco Boost after being selected for the Principality's business incubator following the latest round of applications.
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The allocation committee, chaired by Minister of Finance and Economy Frédéric Cottalorda, met on 13 July to award private offices and shared workspaces recently vacated by the first group of entrepreneurs who joined Monaco Boost when it opened in 2021 and have now completed the five-year support programme.
The application period ran from 29 May to 26 June, with more than half of the applications coming from businesses currently being created and around one-third from companies established within the past year.
According to the Government, applicants were particularly attracted by the opportunity to work in an environment that encourages collaboration, networking and business development - reflecting the incubator's core mission of supporting innovative young businesses.
Now celebrating its fifth anniversary, Monaco Boost is once again operating at full capacity.
The Government says the incubator remains a key part of the Principality's strategy to support entrepreneurship, foster innovation and encourage the long-term growth of Monaco's business ecosystem.