MF PARTNERS WITH OLAM VENTURES TO BUILD THE LARGEST ECOSYSTEM OF STUDENT ENTREPRENEURS
MONACO FOUNDRY PARTNERS WITH OLAM VENTURES TO BUILD THE LARGEST ECOSYSTEM OF STUDENT ENTREPRENEURS, CHANGING THE LANDSCAPE FOR THE NEXT GENERATION STARTUPS
MONACO – 2 March 2022 – Monaco Foundry, an impact focused global startup incubator and brain trust of leaders and industry experts, have partnered with Olam Ventures, first global incubator for student entrepreneurs. With over 80 student entrepreneurs to date and plans to inspire hundreds of next generation entrepreneurs every year, Olam Ventures brings together talented students and industry experts from all around the world to create innovative startups.
Together, we share a common goal of increasing the success rate for early-stage companies with founders who demonstrate generosity of spirit and with sustainable innovations that can positively impact the lives of people and our planet.
Our plan is to build the largest startup ecosystem with hundreds of thousands of entrepreneurs where they can connect with the right stakeholders seamlessly. Monaco Foundry is excited to support and assist Olam's great initiative to empower the next generation of entrepreneurs. With more than 300M startups being created annually and only 0.05% receiving venture capital backing, Olam is excited about Monaco Foundry’s vision to
de-risk and democratize (potentially tokenized) shares and offer access to this eco system to their global community of student entrepreneurs. Olam sees huge value in offering this partnership and the capabilities it will generate to their student entrepreneurs. This partnership alone will impact the potential increase of the GDP of local economies and increase the success rate of innovative startups which the world needs.
With access to our pool of entrepreneurs and partners on hand to advise the student entrepreneurs, Olam Ventures will also help Monaco Foundry maximize the value of their program through social media posts and mentions during a workshop/conference.
The Monaco Foundry has a strong track record of incubating and accelerating startups which they systematically de-risk and develop for investors through a proprietary accreditation process. Startups are verified, vetted for value creation and validated through this process created by the Monaco Foundry’s team of serial entrepreneurs, former senior government advisers and Fortune 500 executives. Unlike traditional VCs, the Monaco Foundry process is designed to assist a wider array of founders to achieve success including women and people from diverse backgrounds. 61% of the Monaco Foundry’s startups are led by women.
Fabrice Marquet, co-Founder of MONACO FOUNDRY said, "At MONACO FOUNDRY we do something different. Our model is solely focused on long-term value creation, we share the risks and the rewards with all the entrepreneurs through partnership. We sweat for our equity. We are thrilled that Olam Ventures believes in our vision and wants to empower us to help the next generation of entrepreneurs. Together we believe in our primary mission and passion - to improve both the lives of others and the condition of our planet.
Simon Rouxel-Haouzi, co- founder of Olam Ventures said, “Olam Ventures and The Monaco Foundry are two innovative companies sharing common values such as hard-work, excellence and creativity. We are thrilled to count the Monaco Foundry as a partner and eager for some of our startups to work alongside their experienced team. As for the values, our goal is the same: having a positive impact on the world through entrepreneurship”
About MONACO FOUNDRY MONACO FOUNDRY
Headquartered in Monaco, MONACO FOUNDRY is a creative brain trust of leaders and industry experts across the world with a powerful ethos around kindness and doing what is right. We share a common goal of increasing the success rate for early-stage companies with founders who demonstrate generosity of spirit and with sustainable innovations that can positively impact the lives of people and our planet.
Created by a team of serial entrepreneurs, former senior government advisers and Fortune 500 executives, businesses and investors can access a wider net of legitimate, smaller investment opportunities via a metaverse community that analyses and de-risks businesses who wish to access a crypto-based, democratized, venture capital exchange.
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About OLAM VENTURES
Headquartered in USA, OLAM VENTURES is the first talent incubator based in universities. We select students with entrepreneurial aspirations and match them with complementary cofounders. Then, we give funding to our teams and the right to participate in our 12-week program in which they can win up to $200k equity-free. By creating numerous startups operating on many different industries each year, we believe we’ll have a positive impact on people and our planet.
Created by a team of students from the best universities in the world, Olam is advised by experienced VC partners, unicorn founders and achieved entrepreneurs with one goal in mind: reinventing venture building.
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