The first collaboration between the principality of Monaco and an Israeli accelerator.
Capsula TAU, the accelerator operating as part of the Department of Environmental Studies and Monacotech a Monaco-based startup incubator join forces in aim to raise awareness about global sustainability by reducing greenhouse gases.
Capsula TAU, the accelerator operating as part of the department of Environmental Studies and Monacotech a Monaco-based startup incubator and are joining forces in the first collaboration between the principality of Monaco and an Israeli accelerator. The two companies, both operate largely in the green energy domain and said that they believe the collaboration will raise awareness about global sustainability by reducing greenhouse gases.
Capsula TAU, an Israeli accelerator that connects startups and key players in industry and academia, focuses on smart mobility, energy and cleantech. It is a partnership between the Fuel Choices & Smart Mobility Initiative of the Prime Minister's Office and Tel Aviv University, and is supported by Aaron Frenkel, a businessman and leader of the Jewish community in Monaco.
Monacotech was established three years ago with the support of Prince Albert II to promote local startups and has helped startups raise about 15 million euros so far. The incubator works mainly in green energy and aeronautics.
Julia Shteingart, Capsula TAU's director says "We are sure that the ability to share knowledge and host MonacoTech’s startups in Capsula and vice versa will expose both the Israeli and the Monaco startups to valuable opportunities in terms of market reach and fundraising."
The full article in Jerusalem Post
