Top 2 Startup Accelerators & Incubators in Monaco
- Sotirios Seridis
- Mar 16
- 2 min read
In this compact yet dynamic ecosystem, visionary risk-takers are finding fertile ground to nurture their groundbreaking ideas. The principality's unique blend of traditional finance expertise and cutting-edge technology has created an environment where startups can thrive, particularly in sectors such as GreenTech, FinTech, AI, and MedTech. With a projected annual growth rate of 12% in the tech sector, Monaco is outpacing many European tech hubs, offering unparalleled networking opportunities and access to a global network of investors and industry leaders. For entrepreneurs considering involvement in a startup incubator or accelerator in Monaco, the benefits are substantial and multifaceted. In this article, we have compiled a comprehensive list of all incubator and accelerator programs in Monaco, along with a short overview to help you find a suitable program.
➡️ Download the full list of Startup Accelerators and Incubators Worldwide!
FULL LIST OF STARTUP INCUBATORS AND ACCELERATORS IN MONACO
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Technology
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
Closing Thoughts on Startup Incubators and Accelerators in Monaco
At the heart of this evolution are two pivotal initiatives: MonacoTech and Monaco Boost. MonacoTech, the principality's flagship startup incubator, has become a powerhouse for nurturing high-potential ventures. Since its inception, it has supported over 50 startups across diverse sectors including fintech, medtech, and maritime technology. Complementing MonacoTech is Monaco Boost, an innovative business incubator focused on supporting young companies run by Monegasques. Located in the Fontvieille district, it offers exclusive office spaces and shared work areas designed to foster collaboration and networking.
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Frequently Asked Questions on Startup Incubators and Accelerators in Monaco
What is the startup ecosystem like in Monaco?
Monaco's startup ecosystem is growing, with MonacoTech as the principality's first incubator and Monaco Boost providing additional support. Despite high living costs, startups thrive by leveraging remote work and affordable co-working spaces like MonaHub and MP TechGrind.
Are there costs for joining startup programs in Monaco?
MonacoTech charges €310 per desk monthly. This covers program participation, facilities access, coaching, and support services for the 18-month program (6-week intensive coaching plus 15 months for project consolidation).
Do Monaco incubators take equity in startups?
No, MonacoTech does not take equity in the startups they support. This pro-entrepreneur approach focuses on providing personalized support and connections without claiming ownership.
What support do Monaco's Accelerators offer for international expansion?
MonacoTech offers mentorship, office space, networking, and funding access for global scaling. MonacoBoost provides financial support, marketing assistance, and strategic advice for entering global markets. Both leverage Monaco's international presence to facilitate expansion.
Can foreign entrepreneurs participate in Monaco's Startup Accelerators?
Yes, foreign entrepreneurs can participate in both MonacoTech and Monaco Boost programs. These initiatives offer mentoring, funding opportunities, and network access to foster entrepreneurship and innovation. Foreign participants may need to meet specific legal requirements, including establishing a company in Monaco.
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