- Location: MENA, Egypt, Cairo, Kingdom of Bahrain, Menama, Lebanon, Beirut, Saudi Arabia, Jeddah, Tunisia, Tunis, United Arab Emirates, Abu Dhabi
- Timing of Applications: Fall, Spring, Summer, Winter
- Focus: Data/Analytics, Digital/Media, eCommerce, EdTech, Gaming, Mobile, Social Media
Flat6Labs is a regional startup accelerator program that fosters and invests in bright and passionate entrepreneurs with cutting-edge ideas. We provide seed funding, strategic mentorship, a creative workspace, a multitude of perks, entrepreneurship-focused business training, and directly support our startups through an expansive network of partner entities, mentors and investors. We create an environment where you can advance your company an incredible amount in a short period of time. Programs currently operate in Abu Dhabi, Cairo and Jeddah and soon in Beirut and Tunis.
The first office was launched in Cairo in 2011 and was founded by Sawari Ventures, in partnership with the American University of Cairo. The second Flat6Labs office, recently launched in early 2013, is founded by Qotuf in partnership with IKEA and Arabian Cement. Flat6Labs was created to cater to the financing and operational needs of a burgeoning grass roots entrepreneurship movement taking place across the MENA region. It is where a lot of the brightest and most promising entrepreneurs can be found, acting as focal point for cooperation with various ecosystem stakeholders; academia, multinational technology companies, civil society, angel investors, other VCs, media, etc…
Since its inception, Flat6Labs has adjoined some of the most distinguished cross-sector entrepreneurs in the MENA region to its mentor and speaker network, and has solidified numerous partnerships with local and international businesses. Flat6labs is also a Global Network Accelerator (GAN) member, which was created in 2010 under Techstars management and is the world’s leading accelerator network with numerous perks and services.
Flat6Labs selected teams are given the chance to face the real-world challenges and obstacles of creating and maintaining a startup in the local and global market. At the end of the three-four months acceleration period, Flat6Labs holds a Demo Day event, where teams are given the opportunity to showcase their products to potential investors and the media with the high hopes of receiving follow-on funding. For example, Flat6labs Cairo has concluded 5 complete cycles and has graduated 30 companies, half of which have gone on to get further rounds of funding from outside sources.
Flat6Labs solid interactive program has one aim in the end: to create an independent, successful company led by a team capable of making informed decisions.
HOW IT WORKS
To join Flat6Labs, you have to apply online to join one of our programs. We then have a multiple stage screening process involving our top applicants in order to ﬁnd the best candidates to join our program.
Once you have been accepted, you become part of the Flat6Labs family – where you can achieve more in 4 months with us than you can in one year by yourself. We provide seed funding, 24-hr office space, weekly startup workshops and educational programs, link you to mentors and well-established advisors, and help you reach the best business plan and execution strategy as possible.
By the end of the program, we prepare you to pitch your startup to the investor community at the Demo Day so you can be able to raise another round of funding to grow your business. Although after the Demo Day you leave Flat6Labs premises, but you will always have access to our continuous network of connections and support.
WHAT WE OFFER
For each startup we select, we invest $10-15K in seed funding in exchange for minor equity in the company. This seed funding is to help startups cover their early expenses during the program and to help attempt define their product, develop their core application, and commercialize their enterprise. Our seed funding serves as a critical catalyst to specific milestone achievement, whether it is follow-on funding, first customers, or another significant breakthrough in the company’s growth.
We provide 4 months of top-notch mentorship, strategically linking each team with established mentors in their field. Mentorship includes help with logistics, technical issues, attracting a customer base, hiring employees, and presenting yourself well to investors. When faced with a critical decision, every entrepreneur needs a little help and guidance. We understand that making mistakes is natural and part of the learning curve, but we also firmly believe in the benefits of learning from other peoples mistakes. That is why we believe in the power of focused mentorship, and sharing knowledge and experience openly, bluntly, and honestly.
We provide our entrepreneurs with up-to-date focused training sessions from industry experts, corporate leaders, and academic partners in order to transfer some of the best practices, tools, and resources available out there for our startups to develop and scale in such a competitive global market.
Perks & Services
We provide our startups with over $300K in perks and benefits, providing our entrepreneurs with some of the best resources available to build their companies. As a member of the Global Accelerator Network and various other partnerships, all of our startups get to take advantage of huge perks from sponsors like Microsoft, PayPal, Amazon Web Services, etc.
Getting good legal advice can be costly and time-consuming for any startup.Thats why we have a team of lawyers specialized in dealing with startups, to provide our entrepreneurs with legal consultation, support, and services. This legal support comes in the form of company establishment, legal contracts, agreements, and IP.
We provide our startups with a state-of-the-art office space, and a chance to work side by side with other entrepreneurs at a similar stage. Our offices use the best practices from co-working hubs across the globe, and is an open, flexible space designed to facilitate interaction and productivity. Asides form the physical space, working at our office our includes access to an ever-growing network of entrepreneurs, investors, business and technology services, partners, and more.
Networking & Exposure
It’s hard to build a successful business, and it’s even harder if you’re not plugged into a community of people who can become mentors, partners, investors, developers, customers and friends. Our ever-expanding network is the backbone to our entire program. Our relationship with various local and international industry experts, companies, CEO’s, managing directors, academic institutions, innovators, media, service providers, governmental entities, NGO’s, etc., has led to a vast web of support and expertise that we tap our entrepreneurs directly into. Flat6Labs puts a brand name behind your startup, helping you get the exposure you need to grow and develop.