Monaco Boost: Entrepreneurship Support In Monaco

About Monaco Boost

Monaco Boost is an incubator program managed by the Government of Monaco, located in Fontvieille. It provides affordable workspace, professional facilities, and networking opportunities for entrepreneurs building their businesses in Monaco.

Mission: Support Monegasque entrepreneurs in creating and developing sustainable businesses

Target: Startups, new businesses, and growing companies (up to 3–5 years old, depending on sector)

What it provides: Professional workspace, facilities, business network, and potential access to mentoring and support services

Location and Facilities

Address: 4/6 avenue Albert II, Zone F – Entrée B – 7ème étage, Fontvieille

Facilities include:

• Workspace options (see pricing below)
• Professional office environment
• Meeting rooms (typically available)
• Internet and utilities included
• Access to shared facilities and common areas
• Professional business address

Hours: Available 9:30am–5:00pm Mon–Fri (or per workspace agreement)

Workspace Options and Pricing

Monaco Boost offers three main workspace tiers, each with different access levels and pricing:

Hot Desk

Best for: Part-time entrepreneurs, consultants, flexible workers

• Price: €94/month excl. tax
• Access: 1 day per week
• Availability: Shared desk space
• Ideal for: Testing business concepts, maintaining low overhead while working part-time elsewhere
• Who should choose: Entrepreneurs not yet full-time, consulting business, remote-first models

Dedicated Desk

Best for: Growing businesses needing full-time workspace

• Price: €227.50/month
• Access: 5 days per week
• Availability: Fixed desk assigned to you
• Ideal for: Teams of 1–2 people, companies with regular client meetings
• Who should choose: Startups transitioning to full-time, small teams, professional service providers

Exclusive Office

Best for: Companies needing privacy, client-facing spaces, teams

• Price: From €425/month
• Access: 24/7 access
• Availability: Private office space
• Space: Configurable based on your needs
• Ideal for: Teams, confidential work, client meetings, businesses requiring privacy
• Who should choose: Growing companies, professional services, companies handling sensitive information

Note: Pricing varies based on office size and specific specifications. Contact Monaco Boost for custom quotes.

All prices exclude tax (applicable VAT applies)

Eligibility Criteria

Requirement: Monegasque national or spouse

Additional criteria:

• 18 years or older
• Registered business or business formation in progress
• Business must operate in Monaco
• Project must be evaluated and approved by the Approvals Committee

Sectors supported: All sectors welcome, including:

• Services
• Technology and digital
• Retail and e-commerce
• Professional services
• Consulting
• Creative industries
• Import/export

Application Process

1. Monitor Journal de Monaco

Monaco Boost publishes calls for new cohorts in the official Journal de Monaco. Applications are periodic, not continuous.

Timeline to check:

• Spring (typically February–March call)
• Fall (typically August–September call)
• Additional calls may be announced

2. Prepare Your Application

Gather required documents (typically includes):

• Completed application form
• Business plan (1–3 pages)
• Personal CV/experience summary
• Financial projections (3-year forecast)
• Proof of Monegasque nationality or spouse status
• Identification documents
• Proof of business registration (or incorporation in progress)

3. Submit Application

Submit before the deadline published in Journal de Monaco:

By mail or in person:

• Address: 4/6 avenue Albert II, Zone F – Entrée B – 7ème étage, Fontvieille
• Contact: contact@monacoboost.mc

By email:

• Email: contact@monacoboost.mc
• Subject line: "Monaco Boost Application - [Your Company Name]"

4. Application Evaluation

The Approvals Committee reviews all applications based on:

• Business viability and market opportunity
• Entrepreneur experience and capability
• Innovation (if applicable)
• Growth potential
• Alignment with Monaco's economic objectives

Timeline: 4–8 weeks from deadline

5. Decision and Onboarding

If approved:

• You receive a letter of acceptance
• Service contract is prepared
• Contract is signed (initial 1 year)
• Workspace is allocated and access is set up
• Orientation and key induction takes place

Start date: Typically 2–4 weeks after contract signing

Service Contract Terms

Initial contract: 1 year fixed term

Renewal: Possible (terms negotiated at year-end)

Termination:

• Early termination: May be possible under specified conditions (check your contract)
• Notice period: Typically 1–2 months

Included in your service contract:

• Workspace access as per tier chosen
• Professional address for business registration
• Use of common facilities
• Access to Monaco Boost network events
• Basic business support services

Not typically included:

• Utilities (unless specified)
• Telephone and communications (usually bring your own)
• Legal or accounting services (available separately)
• Insurance (your responsibility)

Making the Most of Monaco Boost

Networking Opportunities

Monaco Boost facilitates connections with:

• Other entrepreneurs and business owners
• Potential business partners and clients
• Professional service providers (accountants, lawyers, etc.)
• Investors and financing sources
• Business mentors and advisors

Typical activities:

• Monthly or quarterly networking events
• Pitch competitions or demo days
• Workshop and training sessions
• One-on-one mentoring (if available)

Business Support Services

Available resources may include:

• Mentoring: Access to experienced business advisors
• Workshops: Training in business skills, finance, marketing
• Connections: Introduction to service providers
• Events: Networking events and investor showcases
• Resources: Business planning templates, guides, tools

Accessing Financing

Monaco Boost participants may have enhanced access to:

• Bank relationship managers for business lending
• Monegasque Guarantee Fund information
• SACDE venture capital discussions
• Business Start-Up Grant guidance
• Trade fair and marketing grant information

After Monaco Boost

Graduation

Many entrepreneurs "graduate" from Monaco Boost when:

• Business becomes sustainable and profitable
• Team size requires larger space
• Relocation to permanent premises
• Completion of initial growth phase

Alumni Network

Former Monaco Boost companies may have access to:

• Alumni community and continued networking
• Preferential rates on future workspace (if expanding)
• Ongoing mentoring relationships
• Business partnership opportunities

Workspace Progression

If you outgrow Monaco Boost workspace:

• Move to larger private office in Fontvieille or elsewhere
• Primo or Campus business centres (for continued support)
• Permanent premises

Contact Information

Frequently Asked Questions About Monaco Boost

Can I use Monaco Boost workspace while employed elsewhere? Yes, Hot Desk tier (1 day/week) is designed for this. Dedicated and Exclusive options assume greater time commitment.

Is there a business plan requirement? Yes, as part of the application process. This helps the Approvals Committee understand your business.

Can I switch workspace tiers? Typically yes, subject to availability and updated service contract. Discuss with Monaco Boost management.

What if my business changes direction? Monaco Boost supports business evolution. Discuss significant changes with program management.

Is financing provided as part of Monaco Boost? No direct financing, but Monaco Boost facilitates connections to financing sources (banks, SACDE, guarantee fund, etc.).

How many people can work from my space? Depends on your tier and office size. Hot Desk and Dedicated typically for 1–2 people; Exclusive can accommodate teams.

Can I hold client meetings in my workspace? Yes. Hot Desk and Dedicated workspaces have access to professional meeting rooms. Exclusive Office can accommodate meetings directly.

Is there a business mentoring program? Monaco Boost facilitates mentoring relationships and business support. Specifics depend on current program offerings.

Comparison: Monaco Boost vs. Other Business Centres

Note: This page is an informational resource based on official Monaco sources and does not replace professional banking, accounting, legal, or financial advice.