Monaco Gets Boost With State-Owned Incubator

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Nancy Heslin   Forbes Monaco

Monaco Boost Michael Alesi Direction de la Communication

Photo: Michael Alesi/DC

Just over three years after launching MonacoTech, the government yesterday opened the doors of Monaco Boost, the 100% state-owned business incubator.

The 1,200-sqm-business center, located at Zone F of Fontvieille near MonacoTech, offers 32 closed offices with two co-working spaces—16 shared offices and 12 “hot spots” —along with two meeting rooms, a multipurpose room, canteen, relaxation area and terrace.

Laurence Garino, who heads Monaco Welcome Office, will oversee the operation. The total rental space can accomodate 108 companies, which will be for selected partnerships and personal activities registered in the Principality. A call for applications for individual offices will be made at the end of January, with the goal of installing by April.

Garino gave a tour of the state-owned Monaco Boost premises yesterday to minister of state Pierre Dartout, National Council president Stéphane Valeri and minister of finance and economy Jean Castellini.

“I welcome the implementation of this tool available to Monegasque entrepreneurs who create and innovate, and which will serve to promote economic initiatives in the Principality,” Dartout commented.

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Nancy Heslin   Forbes Monaco

Nancy Heslin is an established journalist and lifestyle writer. She has been the Editor-in-Chief of Forbes Monaco magazine (bimonthly in English) , since the magazine's 2nd issue . Launched in November 2018, Forbes Monaco is part of the Forbes family, with its 7 million readers and 71 million monthly website visitors worldwide.