Conference & Meetings World Issue 121 | Page 28

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Monaco leading innovation & progress

In recent years , Monaco has been highlighting its main areas of economic expertise that form the backbone of a durable and forward-looking economy : New technologies , finance , innovation , automotive , medicine and sustainable development .

The 2km2 sovereign city-state stands out as a dynamic , innovative country focused on progress .
Monaco champions progress Monaco is the country where progress is made and financed .
Since 2017 , with the launch of Monacotech , the Principality has become a destination for visionary entrepreneurs .
MonacoTech is a successful start-up incubator that helps innovative , high growth potential and social impact projects to take off , gain attraction and settle in the Principality .
Ambitious and sustainable projects that have been created so far include :
Suncy Concept , a 100 % solar powered catamaran , Carlo , a payment application that rewards users every time they shop locally and contribute to the local economy , and thanks to DWorld , Monaco just became the first country in the world to be recreated in the metaverse .
Monaco a digital leader Monaco is far advanced on its digital transition journey . The country has unique assets for taking advantage of the digital revolution : its size , its capacity for action and investment , and its brand .
In 2019 it became the first country in the world to introduce full 5G coverage making it a pioneer in the field . A few years after , it became the first European country to have its own sovereign cloud in order to provide the same highest security standards in the digital world .
The destination showed its capacity to quickly respond to event organisers ’ hybrid requirements in a world post Covid19 . It offered innovative and creative
solutions such as a pop-up TV recording studio at the Grimaldi Forum Monaco , or live stream wine tasting session at the legendary Hotel de Paris Monte-Carlo ’ s wine cellar dated 1864 .
The Monaco Smart City project The destination has set the mission to improve the experience of living or visiting Monaco .
A number of initiatives have been introduced to improve mobility with a more sustainable approach : electric bikes managed by Monabike , hybrid public buses powered by Diester , Mobee , the 100 % electric car-sharing service and even a solar-powered water taxi .
Better interactions with users through the use of digital tools is another aspect of the Smart city Project . The recentlylaunched urban news site “ Your Monaco ” displays traffic in real time , interactive maps , transport time ables , parking and electric charging stations . It also gives access to other digital
services from purchase of concert tickets to a virtual fitness sessions or a carbon coach .
All these innovative projects hugely benefit the conference delegates attending events in Monaco .
Monaco is a destination focussed on the future and is committed to reinvent business tourism by creating a more environmentally responsible and high tech offer and developing a personalised approach to events .
The large choice of venues combined with the digital expertise of the destination make Monaco the right location to host events .
For further information , visit www . cvb . visitmonaco . com / en Or contact Rebecca Petit-Jean 7 Upper Grosvenor Street London W1K 2LX + 44 ( 0 ) 20 7318 1093 rpetitjean @ gouv . mc
Image credit : @ BVergely
26 / CONFERENCE & MEETINGS WORLD / ISSUE 121