Apply to Flat6Labs

Location Cycle Final Deadline Start Date End Date
Cairo Fall 2014 Jun 01, 2014 Oct 01, 2014 Feb 01, 2015 Apply Now
Jeddah Spring 2015 Dec 15, 2014 Feb 15, 2015 Jun 01, 2015 Apply Now
Abu Dhabi Spring 2015 Jan 15, 2015 Feb 15, 2015 Jun 01, 2015 Apply Now

FAQ


  • Where are Flat6Labs offices located?


    We currently have two offices, one in Cairo and one in Jeddah. However, we have immediate expansion plans for the very near future.

  • How will you receive a return on your investment?

    Upon joining Flat6Labs, we acquire 10-20% stake of equity in the company of all participating team. We also acquire another negotiable amount of equity when we choose to further invest in a company by graduation time.

  • What type of startups do you fund?

    We fund a wide variety of categories ranging from technology-enabled startups to design studios to farming solutions and everything in between.

  • How much funding do you offer?


    Depending on the location you are applying to, teams get a $10K-$20K fund in cash upon joining Flat6Labs, plus different in-kind services.

  • What does “graduation time” mean?


    It denotes the time when the 3-month cycle ends and teams have to acquire a premises other than Flat6Labs.  However, by no means whatsoever does this mean that our services  are discontinued to our startups

  • What should be the size of the team?


    The team may have up to 4 founders, we prefer 2-4 founders.

  • How many startups do you invest in each year?


    We invest in 10 startups per cycle (at each location) and we have 2 cycles each year, so we generally invest in around 20 startups each year.

  • Our team has two ideas. Can we submit two applications?


    Yes, just apply twice, with one idea per application.

  • On what basis do you select the participant teams in each cycle?


    We don’t have a score sheet for applicants; we simply review applications. We interview teams and judge based on the idea, the market size, the team’s readiness and the business model.

  • Should all the team members be working from Flat6Labs?


    We ask all teams to work from our Flat6Labs office, so we can closely work with them and support them with the advice and mentorship they need to accelerate and grow.

  • Do you need a business plan?


    No, we don’t ask for a business plan for applying to Flat6Labs, but we encourage all our teams to have one ready in time for Demo Day

  • I have a great idea, but I cannot find any partners; would you help me find the appropriate ones?


    We always recommend that you get partners yourself and that you make sure they are the right ones for the job, but in some cases, we will do our best to match you with the right partners.

  • I need more money than what you are offering for seed funding.


    Our offering range is the same for all teams, and we believe that no startup needs more money at this stage than what we are offering, but we will work with you to make sure that your budget meets our fund.

  • I have filled in the application and no one has contacted me; what should I do?


    It usually takes few weeks to process every application and contact you for an interview. If you think it has been taking too long, or something may have gone wrong, please send us an email to apply@flat6labs.com (based on location you are applying to) to ensure that everything is in order.

  • May I change the scope of my project during the 3-month cycle?


    Yes, you can, as long as the new scope is agreed upon by all stakeholders.

  • What if more than one startup is working on the same idea during the same cycle?


    We do our best to select diversified ideas during each cycle, but if this scenario happens or if any team changes the scope during the cycle, we will always look for ways of cooperation between the concerned teams rather than pitting them against each other. This should be easy, especially since there is no way any two ideas can be that identical in the world of technology.