Health and well-being at the heart of the "Monaco Finance Durable" Conference

2023 06 21 sante mff

On Friday June 16, Government Councillor-Minister of Finance and Economy, Mr. Jean Castellini, opened the third "Monaco Finance Durable" conference, a government initiative launched in March 2021, focusing on the theme of health.

Two previous events brought together financial specialists from the marketplace on the themes of energy transition and plastics. These topics are particularly important for the Fonds de Réserve Constitutionnel (FRC), which recently invested $20 million in Lombard Odier IM's Plastic Circular fund, dedicated to the fight against plastic pollution and the development of a more sustainable and circular economy in the use of plastics. With the impact of plastics and climate change having a major impact on human health, it was fitting to choose a theme for this third conference on well-being, in line with sustainable development goal #3 - health for all.

The healthcare sector is evolving rapidly and offers a wealth of investment opportunities. With life expectancy increasing, populations growing and diseases becoming more prevalent, it is essential that investors in the finance sector are aware of and informed about trends, advances and opportunities in this field. To embody the finance sector, Swiss VC and capital growth fund Endeavour Vision presented its second fund, now one of the world's largest in the Medtech sector. "In a global market of between $300 and $400 billion, with growth in the 5-6% range, Endeavour Vision invests in technologies and companies likely to rank among the world's top three in the therapeutic field. Those responsible for the investment warmly welcomed the presentation by Dr. Vincent Picco, a researcher in the Stem Cells and Brain Tumors team at the Monaco Scientific Center. Dr. Dania Rubin, Head of Partnerships and Resource Mobilization in the Technical Cooperation Department of the International Atomic Energy Agency (IAEA), the United Nations agency responsible for promoting "the atom in the service of peace", also attended the event to explain the IAEA's role in the peaceful use of nuclear science and technology for the benefit of human health.

Monacotech's new Director, Sandrine Sauval, then called on three start-ups from the incubator to come and present their solutions in the Medtech and Biotech fields: ₋ Infineis, which has developed a personalized medical device that simplifies and secures intracranial surgeries. ₋ Spheno, which combines 3D video and biomimetic solutions with 3D printing to replace the human anatomical subjects used in university teaching and specialized training. ₋ Coraliotech, a marine biotechnology start-up already well established in the Principality for its achievements in the fields of corals and medicine and its collaboration with the Centre Scientifique, which presented its project to extend one of its fundamental research laboratories in Monaco. The event was attended by some sixty investment managers from the financial community, including some thirty financial entities. The AMAF was represented by Gérald Mathieu, in his capacity as the association's head of ESG promotion, and Laure Canas da Silva and Eric Tournier represented the Association Monégasque pour la Finance Durable.