Created by the Monegasque State earlier this year, The MonacoTech Incubator & Accelerator Programs for startups under the direction of Fabrice Marquet, chose only 15 companies to be welcomed into the MonacoTech family. We are very happy to announce that YACHTNEEDS was chosen for this very exclusive and coveted opportunity.
What does this mean for the future of YachtNeeds? Let’s ask Tony Stout, founder of everyone’s favourite superyacht app!
What does MonacoTech do?
MonacoTech provide start-ups and small businesses with opportunities to network with other like-minded and useful businesses. MonacoTech’s main goal is to support the creation of innovative projects through a network, including business angels, venture capitalists, banks and other players, and to provide a dynamic ecosystem that benefits everyone.
How does this benefit YACHTNEEDS members?
Networking with other innovative and industry-changing companies will most definitely improve our future app updates and keep our tech fresh and creative. Plus, we will be having discussions about the superyacht industry with the other members of MonacoTech which in turn could bring further investment and expertise into our marketplace.
What was involved in the application and selection process?
We had been selected from more than 50 applicants from different countries and very diverse industries: from biotech to AI. We had to go through 3 different rounds of selections, then present our business plan in front of a jury, with whom we discussed our vision and the plan. It was a great privilege to have the opportunity to talk about our project with people like Frederic Genta, Industry head of Google France, and Nicholas Brunel, Investment Manager of the Group Arnault.
Tell us about the other companies involved?
It is a very diverse group of companies, we are now 20 teams, of which 17 companies are in the early stages of the start up life, and two (one of which is YACHTNEEDS) that are in the accelerating stage.
The other companies work in very diverse fields, from wealth management to medical, internet to veterinary. It is an amazing combination of international talents, with people from Canada, Israel, Germany and so on…..take a look at what they are all about…..
Nanotek Materials – Sustainable Construction Industrial Solutions
Their mission is to make the technologies of tomorrow the sustainable building blocks of today. Nanotek Materials exists to connect international scientists to global problems and develop green solutions within the construction industry.
KeeSystem – Wealth Management Solutions
KeeSystem offers an innovative solution to simplify wealth management (independent wealth manager, family offices and private banks).
TerraioT – Large-scale IoT Solutions
TerraioT is dedicated to utilizing human behavior as part of the complete IOT solution and converting every cellular phone into an intelligent sensor.
YouStock is an application for ordering storage boxes of all sizes, storing unused items and storing them in secure premises for a specified period without moving from home.
Gangz – Talent Digital Agency
Gangz is the first DIGITAL booking agency for models, hostesses and extras.
Novetech Surgery – Innovative surgery for veterinarians
NOVETECH SURGERY™ provides veterinarians with a range of medical implants and equipment for orthopedic surgery based on years of experience.
Laneva Boats – Electric and connected boats
Design, build and market 100% electric boats designed with the utmost comfort and safety.
PHYG – Medical device for preservation of the graft
PHYG is an intelligent surgical device that allows Hypothermic Preservation of the kidney graft at the time of transplantation.
Coraliotech – Technology products based on corals
Coraliotech, a biotechnology company, whose main objective is to produce, develop and develop active substances from the marine world, in particular corals.
Linkyourleisure – The new social leisure network
With this app you can look at your friends’ photos and when you like a leisure activity, organise it and share your photos, in turn, on your social networks.
Teale – Data Driven Energy Efficiency
Teale is a one-stop energy management company providing a range of cross-functional services from data acquisition and analysis, to the formulation of corrective actions, to help owners/operators of buildings commercial and industrial customers to save on energy bills and move towards sustainability.
CIEL – Airship drones
CIEL markets or rents airship drones.
Hyve – Event ticketing mobile application
Hyve is a mobile event ticketing application. Thanks to its innovative technology, Internet users can buy, exchange and also resell tickets in complete tranquility.
Surgisafe – Smart suction cannula
Surgisafe designs, develops and sells Tamanoir, a unique medical device at low cost.
Can you reveal any plans for YACHTNEEDS App updates that you will be working on at MonacoTech?
We are working on many different projects, all meant to help crew, captains and owners be more efficient and take the highest advantage of what the current technological revolution is preparing for the future. So, stay tuned!
How long does the MonacoTech program last?
We have now signed the agreement for the first year, and it’s renewable, so there is no deadline so far.
Life after MonacoTech – What do you envisage for YACHTNEEDS in the future?
We are already working on the expansion of our team and territorial coverage, looking into opening a few other YACHTNEEDS entities around the globe. The heart of YACHTNEEDS will always remain in Monaco, but being digital goes hand in hand with being global, and this is the direction that we are travelling in.