MonacoTech
MonacoTech is a Monaco-based startup incubator co-founded in 2017 by the Principality of Monaco, Monaco Telecom, and Xavier Niel. It runs an 18-month equity-free program for ~20 active startups across AI, MedTech, Cleantech, and Yachting verticals, charging €310 per desk per month.
- Company typePrivate
- Founded2017
- HeadquartersCap-d'ail, France
- Headcount1–10
- GTM typeB2B
- OfferingServices
What MonacoTech does
MonacoTech is a Monaco-headquartered startup incubator co-founded in 2017 by the Principality of Monaco (via the Prince Albert II Government), Monaco Telecom, and French tech entrepreneur Xavier Niel. Operating from an 800 sqm ultramodern workspace in Monaco's Fontvieille district (hosted within Monaco Telecom's headquarters at 6 Avenue Albert II), it runs an 18-month incubation program comprising 3 months of integration with 6 weeks of intensive coaching, followed by 15 months of consolidation, with progress reviewed every 6 months by an expert jury. The cohort selection process — two open calls per year, online application, video interview, and expert-committee pitch — accepts early to growth-stage startups across priority verticals including AI, MedTech, Biotech, GreenTech, Cleantech, Yachting, FinTech, and Digital Apps, with current active portfolio of ~20 startups and ~35 alumni since inception.
The underlying service platform combines 5G connectivity infrastructure (full Monaco coverage since July 2019, supplied by co-founder Monaco Telecom), a FabLab-equipped prototyping space, weekly expert sessions covering entrepreneurship, digital, HR, cybersecurity, marketing, IP, and financing, plus ongoing Demo Days and ecosystem events. Notable portfolio companies include Altores (generative AI digital employees, partnered with Monaco Telecom for a virtual assistant), Neuraccure (digital neurological biomarkers, deployed at the Monaco Grand Prix), Maliz.AI (local-hosting chatbots), Skeal (computer-vision nutritional monitoring), NET0 (AI carbon management with London and Dubai offices), Grogenics (Gold Standard-certified carbon credits from sargassum bioremediation), and Pineappli (ISO 27001/HDS/eIDAS-certified secure document platform).
MonacoTech's business model is a subscription-style participation fee of €310 per desk per month (excl. VAT), with no equity taken from startups — an uncommon structural choice that distinguishes it from typical venture-backed accelerators and aligns with its public-private mission of ecosystem development. The customer base is dual: (1) incubatee startups (20 active, ~35 alumni), and (2) investors and ecosystem partners such as CFM Indosuez Wealth Management, the Prince Albert II Foundation, and the Scientific Center of Monaco. Distribution is direct via the website application funnel and Demo Days, with marketing amplification through local press (Monaco Matin, Maddyness, Monaco for Finance), social channels, and Monaco ecosystem events including Monaco Ocean Week and Monaco Business.
MonacoTech firmographics
Firmographics- Name
- MonacoTech
- Legal name
- MonacoTech SAM
- Website
- https://monacotech.mc
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- MonacoTech is a Monaco-based startup incubator co-founded in 2017 by the Principality of Monaco, Monaco Telecom, and Xavier Niel. It runs an 18-month equity-free program for ~20 active startups across AI, MedTech, Cleantech, and Yachting verticals, charging €310 per desk per month.
- Ownership category
- akta.pro rank
MonacoTech industry classification
Industry- Product category
- Startup Incubation Services
- NAICS
- Professional and Management Development Training (61143), Educational Support Services (61171)
- SIC
- Services-Management Consulting Services (8742)
- akta.pro primary industry
- Corporate Accelerators & Startup Programs (FSANAHAD)
- akta.pro secondary industries
- Venture Studios / Company Builders (FSANAAAH), Entrepreneurship Foundations & Startup Basics (EDAMAHAA)
Keywords
Where MonacoTech is headquartered
LocationHeadquarters
- HQ city
- Cap-d'ail
- HQ country
- France
- HQ region
- Europe
Offices1 record
Markets served
MonacoTech business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Startup Participation Fees: Startups pay a monthly desk fee of €310 (excl. VAT). This covers workspace access, program participation, coaching, expert sessions, and community benefits. The incubation period lasts up to 18 months, after which startups become alumni but can continue renting desks.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Monthly desk fee for startups in the program |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels8 records
MonacoTech product offering
Product offeringCore offering
MonacoTech is a startup incubator offering an 18-month structured program consisting of 3 months of integration (including 6 weeks of coaching) followed by 15 months of consolidation. It provides accepted startups with workspace access (€310 per desk per month), expert-led workshops, networking with Monaco's innovation ecosystem, and connections to investors, partners, and corporates — all without taking equity from participating startups. The incubator supports ~20 active startups at a time, with ~35 alumni since founding in 2017.
Product overview
MonacoTech is a startup incubator program operated by MonacoTech SAM, co-founded in 2017 by the Principality of Monaco, Monaco Telecom, and Xavier Niel. The organization offers an 18-month incubation program with 800 sqm of workspace in Monaco's Fontvieille area, providing startups with coaching, expert workshops, and access to Monaco's innovation ecosystem. The current portfolio of 20 startups operates across multiple verticals including AI, MedTech, GreenTech, Biotech, Digital Apps, FinTech, and Yachting. MonacoTech does not take equity from startups and provides a monthly desk fee of €310. Notable alumni include Carlo (local commerce payment app), Pineappli (digital desktop security), Oghji (smart electrical switchboards), and FGWRS (grey water recycling).
Differentiator
Problem solved
Functional benefit
Products and services
- MonacoTech Startup Program An 18-month startup incubation program offering accepted startups desk space at €310/month (excl. VAT) in Monaco's Fontvieille area, 3 months of integration including 6 weeks of expert coaching on go-to-market strategy, followed by 15 months of consolidation. Includes access to a FabLab with prototyping equipment, full 5G connectivity, weekly expert workshops, networking events, Demo Days, and progress reviews every 6 months by an expert jury. Targets innovative startups with first prototypes, established teams, and commitment to establish in Monaco. Approximately 20 startups are active at a time.
Quantifiable outcome
- Gold Standard certification achieved by alumni Grogenics for carbon credits
- +3 more outcomes
Companies that use MonacoTech
Customer profileNamed customers19 records
Segments3 records
Ideal customer profiles2 records
MonacoTech technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability11 records
Feature3 records
MonacoTech partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered flagship, core and minor.
- Automobile Club de Monaco / Neuraccure PartnershipflagshipNeuraccure collaborates with the Automobile Club de Monaco to detect concussions rapidly during the Monaco Grand Prix, using digital neurological examination tools.
- Monaco Telecom / Altores PartnershipflagshipMonaco Telecom partnered with startup Altores to develop a new generative AI-powered intelligent virtual assistant for Monaco Telecom, leveraging Altores' AI automation platform.
- CFM Indosuez Wealth ManagementflagshipMonacoTech joined CFM Indosuez's 'StartUp Connections' platform, a partnership enabling MonacoTech startups to access a dedicated platform for connecting entrepreneurs with investors, under the Indosuez group umbrella.
- Monaco TelecomcoreMonaco Telecom is a co-founder of MonacoTech, providing critical infrastructure including 5G connectivity (full Monaco coverage since July 2019), hosting of the MonacoTech website, and office space at its headquarters. The partnership provides startups with high-speed 5G connectivity and access to Monaco Telecom's ecosystem.
- Principality of Monaco (Government)coreThe Principality of Monaco, represented by the Prince Albert II Government, is a co-founder of MonacoTech. The government provides institutional support, regulatory framework, and helps connect startups with Monaco's economic ecosystem. MonacoTech is hosted at Monaco Telecom's premises within the government's jurisdiction.
- Glion Institute of Higher EducationminorMaster Hospitality Entrepreneurship students from Glion visited MonacoTech to learn about the startup ecosystem and meet with startups SOCA and Altores.
- Scientific Center of MonacocoreCoraliotech is associated with the Scientific Center of Monaco, a world-recognized expert in coral biology and ecology. This partnership enables Coraliotech's research into innovative coral-derived molecules for cosmetics and medical applications.
- Roca Team / Pineappli PartnershipflagshipAlumni Pineappli signed a strategic partnership with the Roca Team (Monaco's professional basketball team) and Everial, expanding its market presence.
- Prince Albert II Foundation of MonacocoreThe Prince Albert II Foundation organized visits from delegations (including Saudi Arabia's SRSA) to MonacoTech, connecting startups with international sustainability networks and supporting the Monaco Ocean Week where MonacoTech startups participate.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
MonacoTech competitors and assessment
Company assessmentBroad incumbents
- Techstars: Global accelerator with 3-month cohort programs and equity participation. Much larger scale and broader geographic reach but overlapping founder development methodology.
- La French Tech: French government-backed ecosystem organization supporting startups nationwide. Overlapping mission of national innovation promotion, though broader in scope (policy, branding, events) than direct incubation.
Direct peers
- Startupbootcamp: Global corporate-backed accelerator with vertical-specific programs. Comparable corporate sponsorship model, structured 3-month programs, and Demo Day format targeting impact-driven startups.
- Euratechnologies: Lille-based large corporate-backed tech incubator/accelerator. Similar mix of corporate partner support, public funding, structured programs, and vertical-specific focus (FinTech, Cleantech, HealthTech).
- Station F: Paris-based world's largest startup campus, also co-founded by Xavier Niel. Directly comparable founder DNA and incubator/accelerator mission; operates at vastly larger scale with corporate and equity-backed programs.
- NUMA: Paris-headquartered European accelerator with global hubs. Comparable early-stage acceleration programs, expert coaching, and ecosystem-driven growth model for tech startups.
- Antler: Global early-stage VC and founder incubator with structured cohort programs. Comparable program structure (selection, coaching, demo day) but operates an equity-taking model globally.
- Paris&Co: Paris city's economic development agency running multiple thematic incubators. Comparable public-sector-backed incubator model offering workspace, coaching, and ecosystem access without equity in most programs.
- H7 (Lyon): Lyon-based startup incubator housed in a historic building. Comparable European regional incubator providing workspace, coaching, and corporate introductions to early-stage startups.
- Bpifrance Le Hub: French public investment bank's innovation platform supporting startups via acceleration programs, workspace, and corporate introductions. Comparable public-sector French incubator mission and structure.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
MonacoTech social profiles
Digital presenceMonacoTech compliance and trust
Trust signalCompliance6 records
MonacoTech financial estimates
Financial estimateRevenue estimate
Valuation estimate
MonacoTech leadership team
Management profileNumber of profiles
Profiles5 records
MonacoTech funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MonacoTech M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MonacoTech
What does MonacoTech do?
MonacoTech is a startup incubator offering an 18-month structured program consisting of 3 months of integration (including 6 weeks of coaching) followed by 15 months of consolidation. It provides accepted startups with workspace access (€310 per desk per month), expert-led workshops, networking with Monaco's innovation ecosystem, and connections to investors, partners, and corporates — all without taking equity from participating startups. The incubator supports ~20 active startups at a time, with ~35 alumni since founding in 2017.
Is MonacoTech a public or private company?
MonacoTech is a private company. It is classified as corporate owned and is currently operating.
When was MonacoTech founded?
MonacoTech was founded in 2017. It employs 1 to 10 people.
Where is MonacoTech based?
MonacoTech is headquartered in Cap-d'ail, France, in the Europe region.
How does MonacoTech make money?
One revenue line is on record: startup Participation Fees.
Who are MonacoTech's main competitors?
Broad incumbents on record are Techstars and La French Tech. Direct peers are Startupbootcamp, Euratechnologies, Station F, NUMA, Antler, Paris&Co, H7 (Lyon) and Bpifrance Le Hub.
Does MonacoTech have an API?
No public API is recorded for MonacoTech.
What industry is MonacoTech in?
MonacoTech's product category is Startup Incubation Services. Its primary akta.pro industry code is FSANAHAD, Corporate Accelerators & Startup Programs, with a secondary code of FSANAAAH, Venture Studios / Company Builders. Its NAICS code is 61143 and its SIC code is 8742.