Sixteen entrepreneurs are set to join Monaco Boost after the Government selected the latest businesses to benefit from the Principality’s flagship business incubator…
The allocation committee, chaired by Minister of Finance and Economy Frédéric Genta Cottalorda, met on July 13 following an application period that ran from May 29 to June 26.
The newly available office space and shared workstations became vacant after the first group of entrepreneurs, who joined Monaco Boost when it opened in 2021, completed their five-year support programme. More than half of the successful applications came from businesses currently being established, while around one-third were companies created within the past year.
Applicants highlighted the opportunity to work in a collaborative environment that encourages networking, knowledge sharing and business development as a key reason for applying. The Government said this reflects the incubator’s core mission of helping innovative companies grow through access to a supportive entrepreneurial community.
Now celebrating its fifth anniversary, Monaco Boost is fully occupied once again, underlining the continued strength of Monaco’s entrepreneurial ecosystem. The incubator remains a central pillar of the Principality’s strategy to support start-ups and young businesses, providing the resources and environment needed to encourage sustainable growth and long-term economic diversification.
Image: Monaco Boost