The role of the Monaco Digital Advisory Council, which is made up of international experts in the di...Discover the project
The Principality is basing its goal of digital-driven economic growth on three major actions:
With a clear view of its strengths and position- ing, Monaco is developing a focused strategy to connect digital players and financing in highly promising areas, in line with its values of progress and responsibility.
Monaco’s aim is to become a Funding Nation for progress, a global market where progress is developed and financed.
The Clean Tech field will be the first to benefit, with the launch of a dedicated investment fund during 2019.
In a given area, in addition to its investment capacity, Monaco offers an eco-nomic fabric made up of locally established companies and startups, investment funds, R&D entities and gov-ernment services for leading digital giants and international startups. The Principality will thus be a “showcase” for business incubation and preview demonstrations of innovative projects.
With the development of blockchain technologies, financing projects through ICOs (Initial Coin Offerings) is becoming increasingly popular worldwide. Monaco is looking to encourage this method of financing innovation while protecting investors and supporting a crucial and important issue for the Principality: protecting the environment.
Before the summer of 2019, a bill will be tabled to legislate for these practices: issuances of tokens on a blockchain will require a mandatory label issued by the Minister of State. The criteria for obtaining this label include: the incorporation and establishment of a company in Monaco, disclosure of shareholders’ details, description of the token, the governance of its use over time, and investor protec-tion guarantees.
Monaco has set its sights on becoming the world leader of environmental ICOs, and is making this ambition a reality in 2019 with its first ICO to fund the pro-duction of the new documentary by Luc Jacquet, Oscar-winning director of March of the Penguins.