Gouvernement Princier de Monaco
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08 July 2020 Press release

Five new startups join MonacoTech

In search of bold projects with strong potential and social impact, MonacoTech organised a new call for applications, which ran from 2 March to 30 April 2020. Aiming to position Monaco as a major player in certain innovation sectors, MonacoTech selects projects that reflect the Principality’s values and economic strategies.

The pre-selection stages of this 5th call for applications drew to a close with presentations to a jury on Tuesday 30 June.

The jury comprised Mr Rachid Abarki (Chairman of 42 Nice), Mr Stanislas Boulet d’Auria (Executive Director of 3X Engineering), Mr François-Xavier Le Clerc (Head of Finance and Economic Development, member of the MonacoTech Board of Directors representing the State), Mr André Saint-Mleux (Chairman of Arthapol, business angel and member of the Monaco Telecom Board of Directors representing the State), Ms Nathalie Schlemmer-Maire (Founder of Dépil Tech), Mr Philippe Schriqui (entrepreneur) and Mr Pierre Van Klaveren (member of the National Council and co-founder of VK*P Business Advisors).

Of the 38 candidates from 13 nations invited to deliver their presentations, 5 startups were chosen to join the MonacoTech programme. They will offer a boost to the portfolio of startups currently working with the MonacoTech incubator, which now includes representation from the following sectors and vertical markets: AdTech, Applications, Augmented Reality, BioTech, GreenTech and Transport, FinTech, MedTech, RegTech and Yachting.

MonacoTech unveils its five new startups

1/ Air Ion: this Swiss company specialises in the design of RUAVs and a fully electric helicopter. www.airiontec.com

2/ Carlo is an app designed to help grow local commerce (increase traffic within businesses and offer customers cash back). It is currently available in Monaco and is being tested in Barcelona. www.carloapp.com

3/ Mea Plant: developed by Italian researchers, Mea Plant is an innovative soilless cultivation solution which uses a non-absorbent substrate.

4/ PKS is a RegTech project that was born in Monaco and aims to create ad hoc solutions that will allow various entities to comply with applicable legislation in a specific field.

5/ Vizua 3D Entertainment is a French/North American project that takes augmented reality to a completely new level. The startup offers a collaborative cloud platform that allows users to visualise and disseminate 3D content for professional applications or the general public. www.vizua3d.com

A sixth startup, offering innovative technology in the field of security and data management, may also be invited to join MonacoTech. The issues and specific nature of its activities, however, require in-depth analysis, which is still ongoing.

These budding young companies are expected to join the incubator in August 2020, bringing the total number of current MonacoTech startups to 20.

About MonacoTech

MonacoTech is the Principality of Monaco’s official startup incubator. Co-founded in 2017 by the Prince’s Government, Monaco Telecom and Xavier Niel, MonacoTech supports innovative projects to become established and grow from a base in Monaco. It offers a bespoke programme, unparalleled networking opportunities and ongoing assistance from mentors and key industry figures.

Discover the startups and entrepreneurs who make up MonacoTech: https://monacotech.mc/community

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