1Apply 2-3 months before cycle starts
You have to apply online to join the Flat6Labs Abu Dhabi program. We then have a multiple stage screening process involving our top applicants in order to find the best candidates to join our program.
2Interviews 2 months before cycle starts
We receive hundreds of applications every cycle. Once all applications have been submitted, our internal management team reviews every application carefully (using a defined framework we have created) and selects the best applicants to be called in for a 30-60 minute interview. We go deeper into learning about the founders – who they are, why are they building a company, how well do they know their market, and what problem do they want to solve.
3Bootcamp 5 weeks before cycle starts
Based on all the previous stages, we bring down the 100+ founding teams to about 20. We then require each of the selected teams to attend a 5-day bootcamp. This bootcamp is designed as an intensive workshop for each team to work on developing and testing their idea further and for us to better understand their business in more detail. It also serves as a very important filter for identifying founders who we believe have what it takes to “make it in the real world.”
4Selection Committee One month before cycle starts
By the end of the 5-day bootcamp, each team presents in front of the selection committee who then select the final teams to be accepted into the cycle. The selection committee is a diverse group of partners, industry experts, entrepreneurs, mentors, and investors all from our close network who come out with the final “go/no go” decision on each team.
5Company Registration Before cycle starts
This is where the selection process ends and we start the on-boarding process which includes signing term papers, company registration, legal agreements, and lightweight due diligence. We help handle this entire process for each selected team, making sure that every document is standard and extremely entrepreneur friendly. After this point, you are ready to begin operating as a fully-fledged incorporated business.
6Cycle Program 4-month program
This is where the cycle begins and each team works restlessly over the next 4 months developing their core business model, building a prototype, and acquiring customers. During the cycle, each team has full and unlimited access to our overarching network of mentors, investors, consultants, experts, as well as well as the privilege to use our office space at twofour54, network of mentors, consultants, investors, business education workshops, training sessions, perks program and more.
7Demo Day By the end of the cycle.
Demo Day is an invite-only event held at the end of every cycle, and is generally the first opportunity for investors to meet the promising startups. After 4 long months of sweat, tears, pivoting and acceleration, the teams are ready to pitch in a room full of accredited VC’s, angels, investors, entrepreneurs, mentors, partners, and the media.