Monaco has become a popular place for startups due to its high quality of life, low taxes, and excellent infrastructure that supports new businesses. The principality has a very robust startup ecosystem that aims to bring entrepreneurs together and help them feel less isolated. The startup scene is absolutely booming in 2025, with ventures spanning industries from green technology to fintech and healthcare.
Why Is Monaco Such A Popular Place To Establish A Startup?
Monaco, although small, has always been a hub for wealth and innovation. If you watch a lot of Formula 1, you’ll also know why many drivers live in Monaco—largely due to the favourable tax incentives. These low taxes make it an attractive destination for startups. There is also a great deal of support and a number of incentives available, such as the MonacoTech incubator, which provides 18 months of support to promising startups. The Extended Monaco digital initiative is transforming the Principality into a tech powerhouse. Additionally, the Monaco Smart City project is changing the game in everything from transport options to digital services.
Monaco is also strategically located between Italy and France, and is known for its strong international connections—an advantage for startups and businesses aiming to scale. On top of these factors, the high quality of life in Monaco draws many entrepreneurs. From world-renowned events like F1 to more tranquil activities such as sunset boat rides, there’s a lifestyle for everyone, making it a very popular place to stay.
What Are The Disadvantages Of Establishing A Startup In Monaco?
Entrepreneurs on a budget might be taken aback by the high cost of living and the competitive residency process. However, the potential customer base—often high-net-worth individuals—can offset these challenges.
Startups also have to navigate the principality’s strict regulations and the practical limitations of limited space.
10 New Startups in Monaco
Here are ten recent startups that are making an impact in Monaco:
1. LaceSea
Founded in 2020 by Nina and Samy, LaceSea is revolutionising ocean-based nutrients using a patent-pending fermentation process to create beverages, supplements, and alternative proteins. This innovation also promotes sustainability and greener living.
While 98.8% of beverages contain harmful additives and sugars, LaceSea identified this gap and is catering to people seeking healthy and sustainable alternatives.
2. Discloser
Discloser is a Monaco-based startup founded in 2023. It focuses on AI-powered, enterprise-grade ESG reporting. By automating data collection and report creation, businesses can streamline their sustainability efforts and internal workflows.
The platform fosters collaboration, ensures ESG compliance, and delivers unmatched transparency, making it a standout in Monaco’s expanding startup ecosystem.
3. Carlo
This startup, incubated at MonacoTech, has developed a payment application that rewards clients for shopping locally, thereby supporting the local economy.
Carlo’s mission is to boost local commerce and help merchants thrive in an increasingly digital world. The startup’s values are closely aligned with those of Monaco, making it one to watch.
4. Net0
Founded in 2022, Net0 offers an AI- and cloud-based platform to help organisations track, reduce, and offset their carbon footprint. Their technology helps businesses accelerate their sustainability efforts with smart automation.
Although the company is currently unfunded, their platform is trusted by several Fortune 500 companies and governments around the world.
5. DWorld
Established in 2021, DWorld provides a virtual reality and digital twin-based platform for immersive experiences.
They’ve created a VR solution that builds digital twins of cities, enabling users to interact with urban environments for smarter planning. Their approach blends gamification with real-life applications, boosting urban planning, supporting local brands, and enriching the shopping experience.
6. Diplos
Founded in 2020, Diplos develops shock-resistant biomimetic materials inspired by the functional anatomy of the cranium. These materials are designed to protect body parts from injury.
Their Diplosystem® technology significantly enhances the safety of helmets, ballistic vests, and automotive components—offering superior protection against high-velocity impacts compared to traditional foam designs.
7. TriMed
TriMed is a recent startup in Monaco focusing on pharmaceutical waste management. Their comprehensive digital tracking system ensures full documentation from collection to disposal.
They also offer waste characterisation and inventory services to help facilities sort pharmaceutical waste accurately, significantly reducing the risk of environmental contamination.
8. WiserFlows
Founded in 2024, WiserFlows is a Monaco-based startup aiming to transform business operations into profitable processes. Their SaaS platform automates tedious tasks and uses AI-driven analytics to improve efficiency and profitability.
They are well-positioned to serve businesses in Monaco’s affluent sectors—especially finance, hospitality, and luxury retail.
9. Altores
This Monaco-based startup provides AI-powered automation solutions for business operations. The platform is designed to be user-friendly, enhancing efficiency and minimising manual processes across various industries.
With a strong focus on the luxury and financial sectors, Altores promises to reduce operational costs while boosting overall productivity.
10. La Purative
Founded in 2022, La Purative is a sustainable luxury beauty and wellness brand produced in Monaco and the South of France. Their skincare products are crafted using high-quality, natural ingredients that promote well-being and sensory pleasure.
Because the brand is locally produced and values sustainability, it has become particularly popular in Monaco.
