Gouvernement Princier de Monaco
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News of theme "The Economy"
31 August 2017 Press release

MonacoTech – First Applications Selected

The first selection jury* for MonacoTech, the start-up incubator/accelerator created by the Monegasque State, in partnership with Monaco Telecom and Xavier Niel, met on 10 July 2017.  It has chosen five  applications out of the 67 submitted:

CIEL sells and leases steerable drones.  This type of drone can fly for several days, carrying a heavier load than traditional drones (up to 70 kg) and for a lower cost.  The target markets for this equipment are surveillance, inspection, civil and public security, communications, information and entertainment.

Hyve is a mobile event-ticketing app.  Thanks to its innovative technology, Internet users can buy, exchange and sell tickets with complete peace of mind.  This app will also organise your events from start to finish, incorporating additional services such as booking transport, accommodation, etc.

KeeSystem offers an innovative solution for simplifying wealth management (independent asset management, family offices and private banks).  By developing KeeSense, Keesystem is offering an ideal, customised tool for managing all strategic activities and simplifying the business of wealth management in an increasingly complex environment.

TerraioT creates complete IoT solutions for the smart city (IoT for transport, car parks, security, business intelligence, etc.).

YouStock offers an app that makes it possible to order storage boxes of all sizes, store unused items and keep them in a secure storage facility for a specified period of time, all without leaving home.

Note that 105 files were received for the second call for applications.  A new jury will meet on 18 September 2017 to select future projects.


*François-Xavier Leclerc (Head of the Business Development and Funding Division at the Business Development Agency), Uwe Diegel (CEO of LifeInA, Venture Capitalist), Antoine Grimaud (Co-Founder and Director General of PayPlug), Nicolas Brunel (Investments Director at LVMH), André Saint-Mleux (Business Angel and Administrator of RMC and Monaco Telecom), Frédéric Genta (Industry Head of Retail, Google France), Thierry Crovetto (National Councillor) and Pierre Joly (CEO of Ermeo).

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