Cairo, Egypt. 19th December, 2021 –
Flat6Labs, in partnership with ESLSCA University, has launched a new innovation and entrepreneurship incubation program to empower undergrad students to develop viable and sustainable businesses upon graduation.
The partnership was signed in October this year, marking the commencement of the program for the current semester’s business students. The program is set to provide capacity building for the business undergrads and equipping them with primary knowledge and tools, enabling them to develop competitive products and companies.
Ramez El Serafy, CEO at Flat6Labs, added, “In addition to enhancing entrepreneurship education, this reinvented university acceleration program will be a significant resource not only to the ESLSCA institution, but also to the community at large in innovation, creativity, entrepreneurship, technology commercialization, and regional technological and economic development.”
The incubation program spans over two phases in an 8-month period. In the first phase, 100 selected students grouped in 25 to 30 startup teams, will be given general entrepreneurship awareness and the basics of design thinking all the way to marketing and customer discovery, and offered multiple services and perks including expert-led training and coaching sessions, workshops, and mentorship by market experts.
This will be followed by dividing the startup teams into two main tracks. The TopX track will consist of 10 startups that will receive intensive entrepreneurial training in order to accelerate their growth within the subsequent 3 months, and the Frontier track, which will allow the remaining 15 to 20 startup teams to further develop their entrepreneurial learning sets and skills. The program will culminate with a showcase event, where startups will pitch their ideas and startups to a panel consisting of ESLSCA and Flat6Labs personnel.
ESLSCA took its first year of undergrad students in Egypt in 2019 and since then they have been offering accelerated, rigorous and innovative programs that allow students to move forward in a successful career. Commenting on the program, Dr. Mohamed El Essawy, BBA Program Director at ESLSCA University said, “We’re very excited to be launching this program with a partner that has such an extensive experience and track record in the entrepreneurial sector, both locally and regionally, such as Flat6Labs. At ESLSCA University, we take pride in readying our students for the modern business world in an unparalleled innovative manner, and with this program we believe we’re set to be the launchpad for the next generations of successful entrepreneurs.”
Cairo, 30 November 2021 – The DICE Program Demo Day launched in Cairo where 24 startups unveiled their remarkable products and services to investors, prospective clients and guests who were looking forward to providing additional support. This day is a culmination of all the effort and work done by the participating startups on their products and services in the past few months.
Funded by the British Council and in partnership with Flat6Labs and Hatch Ideas, the DICE program focuses on building and developing creative and innovative youth and entrepreneurs’ capabilities, encouraging them to establish innovative and social startups. The program also enables craftspeople and established startups, which provide innovative products and solutions in various sectors, such as visual arts, design, performing arts, handicrafts, movies, media, educational toys and architecture.
Hassan Mansi, the Executive Director of the DICE Program, shares “entrepreneurs of Developing Inclusive and Creative Economies (DICE) form a significant part in the structure of entrepreneurship in Egypt. They positively contribute to promoting the national economy and creating employment opportunities for the youth, especially female entrepreneurs outside Cairo. Currently, the entrepreneurs in the Developing Inclusive and Creative Economies use technology to develop and market their products and keep up with the times while maintaining their heritage at the same time. Flat6Labs is proud to be in a partnership with Hatch Ideas, our partner in the UK and the British Council, which always supports entrepreneurs in the Developing Inclusive and Creative Economies field and through other different programs. The British Council and Hatch Ideas have enriched the program with their ideas and suggestions and their distinguished speakers gave the Egyptian entrepreneurs valuable insights and feedback.
“The range, quality, and professionalism of the creative entrepreneurs on this program have been inspiring and demonstrate why we should be so excited about the massive growth and economic potential of Egypt’s Creative Economy. It has been an honor and a privilege to work with Flat6Labs and British Council to deliver a program that strengthens and realizes the potential of this creative powerhouse”. Yemisi Mokuolu, Founder & CEO Hatch Ideas Worldwide
The Demo Day paved the way for a great opportunity to meet our guests who were invited from various creative industries as well as investors, notable entrepreneurs, companies, governmental entities and the media. It also created a space for sharing experiences, advice and networking opportunities through the diverse discussion sessions that addressed some of the most significant challenges that the creative and handicrafts industries face in Egypt.
“The British Council’s Inclusive and Creative Economies program has been proud to work with the unwavering support of our partners – who created the space for the co-design of policy and community-led initiatives. Together we have been able to connect 25 emerging companies from artists and entrepreneurs with policymakers, intermediaries, investors, and funders. We congratulate all and have every confidence in their success and their contribution to an inclusive and sustainable economy”, shares Elizabeth White, Director of the British Council in Egypt.
Out of 91 startups, 24 companies have qualified, and the day ended with an exciting competition for them to present their businesses to a jury where EGP 225,000 was distributed to the top 3 startups.
First Place: “Adaptive Appeal” won a monetary prize of EGP 100,000.
Second Place: “Banana Art” won a monetary prize of EGP 75,000.
Third Place: “Mavericks” won a monetary prize of EGP 50,000.
– Cairo, 2nd of December, 2021
Flat6Labs introduced nine of their most innovative startups publicly at the Fall 2021 Demo Day in Cairo, their first in-person demo day since the COVID-19 outbreak, that took place on November 24th at the Nile Ritz-Carlton hotel. The graduate startups from the 17th cycle of the Cairo Seed Program took the stage to present their new products and services to a range of potential stakeholders: customers, investors, corporates, and more, who will be willing to further support the scalability of the business.
“Flat6Labs Cairo seed program is highly tailored to offer our cohort the maximum value in order for them to grow and create impact. We offer training and coaching sessions, multiple networking opportunities, perks and services, and legal support,” says Albert Malaty, Managing Director of Flat6Labs’ Cairo Seed Program.
Flat6Labs seed investment in Cairo is a ticket up to EGP 1.5 million in cash funding in exchange for up to 10% equity. “Our current Fund size allows us to provide a more suitable investment to our startups at current times, helping them attract the right talent and survive longer. Flat6Labs Egypt now offers seed tickets up to EGP 1.5 million and follow-on funding tickets to select startups can reach 3 million Egyptian pounds,” says Marie Therese Fam, Managing Partner of Flat6Labs Egypt.
The Fall 2021 cycle of the Cairo Seed Program took off on August 24th, 2021, where the outstanding cohort of graduating startups has worked on further developing their solutions across multiple sectors including Health Tech, E-commerce, Food & Beverage, IOT devices, SaaS and Education Technology.
Edupay’s fintech aims to simplify transactions and interactions in education, by empowering education seekers and assisting them throughout their journey.
Edupay’s website: https://www.edupayegypt.com
Contact founder form: https://f6l.co/Contact-Edupay
Elmawkaa’s B2B e-commerce web/mobile app helps contractors connect seamlessly with suppliers, get accurate quotations, and order their building materials from their vetted suppliers all in one platform.
Elmawkaa’s website: https://www.elmawkaa.com
Contact founder form: https://f6l.co/Contact-Elmawkaa
KoKens is a KaaS (Kitchen As A Service) platform that transforms online food recipes into a menu available to everyone, enabling food bloggers & entrepreneurs to instantly launch their virtual food brands.
Kokens’ website: https://www.kokens.com
Contact founder form: https://f6l.co/Contact-Kokens
PacknSave is a web/mobile e-commerce store that provides online bulk grocery buying for families with up to a 15% discount delivered directly to their doorsteps. Users can simply add items to their cart to get an instant price drop when increasing product quantities.
PacknSave website: http://www.packnsave.com
Contact founder form: https://f6l.co/Contact-PacknSave
Qubx is an on-demand 3D radiological service provider that helps surgeons to easily plan out their surgeries, by providing on-demand 3D radiological services for diagnosis and surgical planning, miles beyond normal 2D radiological data.
Qubx website: https://www.qubxview.com
Contact founder form: https://f6l.co/Contact-Qubx
Venu’s platform provides a modern tech solution to enhance users’ experience with restaurants, all while increasing the restaurant’s productivity, profitability, and customer engagement.
Zatona Eats is an all-in-one meal planning and ordering app which offers an end-to-end solution for personalized meal plans, cooked meals, scheduled delivery, nutrition therapy, and medical supervision.
Zatona Eat’s website: https://www.zatonaeats.com/en
Contact founder form: https://f6l.co/Contact-ZatonaEats
Zr3i’s Web/Mobile app provides crop monitoring, management, and Farm-to-fork product traceability services to the Egyptian Market and the Arab world.
Zr3i’s website: http://www.zr3i.com
Contact founder form: https://f6l.co/Contact-Zr3i
Waseya is an online will maker that allows users to write a legally binding will, calculate one’s Net Asset Worth, and compute the Islamic shares of each inheritor, all while complying with local laws and the Islamic jurisprudence.
Waseya’s website: http://www.waseya.me
Contact founder form: https://f6l.co/Contact-Waseya
The Flat6Labs team was honored by the presence of his excellency Dr. Amr Talaat, Egypt’s Minister of Communications and Information Technology, and Ahmed El Alfi, Flat6Labs’ Founder, who commended the creative solutions that the startups provided to tackle some of Egypt and the region’s most pressing issues.
The next cycle in our Cairo Seed Program will commence in February – prospective startups can apply through this link.
On November 19th, 2021 (Cairo, Egypt), His Royal Highness, Prince Charles of Wales, was the guest of honor at StartEgypt’s Third Annual Forum 2021 at the GrEEK Campus in Cairo. The program is funded by the British Embassy in Cairo in partnership with the IFC and is powered by Flat6Labs. Ten startups were selected to present at the event after being part of StartEgypt’s incubation program in Cairo, Asyut and Alex during 2020 – 2021.
This visit was part of the two-day visit to Egypt that HRH Prince Charles of Wales had in his first tour abroad since the COVID-19 pandemic began. Mr. Ahmed El Alfi, the Founder and Chairman of the GrEEK Campus and Flat6Labs, had the honor to welcome HRH Prince Charles of Wales in the presence of Dr. Yasmine Fouad, the Minister of Environment and Mr. Gareth Bailey, the British Ambassador in Cairo.
During the visit, HRH Prince Charles of Wales met with a group of entrepreneurs and founders of the StartEgypt startups from different industries such as Sustainable Development, IT and Digital Transformation and more. HRH commended the ideas and solutions presented by the entrepreneurs which were aligned with HRH Prince Charles of Wales’s Sustainable Markets Initiative.
Leading KSA-based Asset Manager BLOMINVEST has announced a new partnership with Flat6Labs, one of the MENA region’s largest seed-stage VC firms, to launch funds targeting early-stage start-ups in the Saudi market. Flat6Labs runs some of the region’s most notable startup programs and invests in 100 tech startups a year. Its seed-stage VC funds and programs support startups during their initial operations, through a highly diversified and structured investment process that aims to reduce the challenges and costs typically faced by early-stage startups.
Abdullah Al-Rashoud, CEO of BLOMINVEST, added: “This partnership came in light of the recent structural reforms in the Kingdom of Saudi Arabia which has positioned the country as major contender for establishing and operating regional startups, supported by the significant increase in venture capital funds and the increase in merger and acquisition activity targeting emerging companies in the Saudi market. We expect greater market depth to come as more international companies look to launch their regional businesses from the Kingdom of Saudi Arabia to serve the rest of the Middle East and North Africa region.”
Eyad Albayouk, General Manager of Flat6Labs KSA, also explained that “We are excited about our partnership with BlomInvest and look forward to being an active contributor to the KSA ecosystem. Flat6Labs sees KSA as one of the very few markets in MENA that combine key elements for startup success – namely: size, political stability, growth, and a relatively well-structured and digitized business environment. It comes as no surprise that KSA has recently experienced a 6-fold increase in VC funding since 2016, in light of these structural reforms.”
BLOMINVEST is one of the leading Investment Management companies in the region, providing investment services to KSA investors, including real estate funds, asset management, advisory, and corporate finance.
BLOMINVEST Saudi Arabia started operation on May 30, 2009 under commercial registration No. 7001564553 (1010254040) and with a paid up capital of SAR 245 million. On July 27th, 2008, BLOMINVEST was granted the Saudi Arabian Capital Market Authority’s license number: 08094 – 37 to offer the following securities services: dealing as principle, as agent and underwriting, managing investment funds and client portfolios, arranging, advising, providing custody in securities business.
During the past twelve years, BLOMINVEST launched distinctive investment products in the Saudi market with the aim of growing capital and achieving attractive returns for investors. These products included more than 22 funds in various fields.
Learn more about BlomInvest through the website: www.blominvest.sa
Organon and Flat6Labs launch the Femtech Accelerator Program to help female-founded digital health start-ups, across the Middle East and North Africa (MENA), succeed by providing support to build products, test market fit, and improve business models.
Dubai, United Arab Emirates – 26 October 2021: A global healthcare company with the vision of creating a better and healthier every day for every woman around the world, Organon, in partnership with Flat6Labs, the MENA region’s leading seed and early-stage venture capital firm, launched the Femtech Accelerator Program to support female-led start-ups operating in the digital healthcare space in MENA. The partnership was signed in the Expo 2020, USA Pavilion, marking the launch of Organon in the Middle East, North Africa and Turkey. The partnership is the kickoff of the company’s vision to work closely with partners in the region to empower innovative women’s healthcare programs.
Commenting on the program, Susanne Fiedler, Chief Commercial Officer of Organon, said, “As a new regional healthcare entity with a commitment to advancing the health of women in this region, we are very excited to launch this program supporting female entrepreneurs. We know that investing in women has far-reaching benefits, reaping dividends for families, local and national communities, and economies. We will continue to listen to women’s needs to better understand the gaps and identify the right solutions for a better and healthier every day for her.”
Ramy Koussa, Associate Vice President at Organon MENAT, added: “COVID-19 has accelerated digital transformation across industries, including healthcare. Due to restrictions on our movements and the strain on healthcare services globally, digital transformation has served as an important tool to enable both management of the coronavirus, as well as maintaining essential healthcare services. The future of healthcare is digital, and this accelerator program has been created to help facilitate that transformation in our region by delivering new and innovative digital tools to improve women’s healthcare. Organon is committed to building a company based on Environmental, social, and governance (ESG) principles and today’s announcement represents an important milestone in our commitment to working in partnership with key stakeholders across MENAT to advance women’s health”
Dina El-Shenoufy, Chief Investment Officer at Flat6labs, added, “Globally, both the current start-up landscape as well as the healthcare industry are male-dominated spaces. If we are to achieve greater gender equity, while supporting economic development across MENA, we need to do more to support female entrepreneurs and advance women’s healthcare. Our newly launched Femtech accelerator will meet this need and that of greater digital innovation in the healthcare space while demonstrating the importance of cross-industry collaboration to further the goals of female economic empowerment.”
Those start-ups selected to participate in the accelerator program will be female-founded and demonstrate that they can address unmet women’s needs in line with Organon’s mission to advance women’s health. Ten of the best start-ups will be invited to join the two-month intensive accelerator program following a selection process and receive support in turning their idea into a Minimum Viable Product (MVP) and securing venture funding.
Flat6labs will provide business and technical training and access to their local and regional partner networks. Participating start-ups will be connected to businesses, local and international experts, and access big data and new opportunities. Organon, meanwhile, will mentor participants, connect them with global industry experts, and provide access to their entire business network, including internal teams and external partners.
Cairo, Egypt. 11th of October, 2021.
Flat6Labs, MENA’s leading seed and early-stage VC firm and the manager of the most renowned startup programs in the region, celebrates 10 years of supporting startups and empowering entrepreneurs all over the region. Launched in Cairo in 2011 by the founders of Sawari Ventures, Flat6Labs has since expanded to Saudi Arabia, the UAE, Tunisia, Beirut, Bahrain, and most recently Jordan. The firm is currently managing 8 seed funds across the MENA region with a total value amounting to USD 85 million, with over 25 institutional investors and limited partners.
“Since day one, Flat6Labs has been there to enable thousands of ambitious entrepreneurs to pursue their startups’ journey towards growth, by giving them an unparalleled opportunity to work with an expansive network that includes hundreds of business mentors, investors, and corporates. said Ramez El-Serafy, Flat6Labs’ CEO. “We’re extremely proud to be celebrating 10 years as we look back to our fruitful work with our institutional investors, partners, startups, and community. It’s only onwards and upwards from here.”
In the past decade, Flat6Labs has funded over 1,000 startups that have been vetted from over 23,000 applications, and more than 2,000 founders supported, 36% of them being female founders.
The firm’s regional network has more than 1000 mentors and coaches from all over the world, and 300+ corporate, governmental, and ecosystem partners. Currently, the Flat6Labs portfolio companies have thus far raised over USD 70 million in follow-on funding, and directly helped create more than 4,000 new jobs.
This milestone was marked with a grand ceremony that took place in Manial Palace last night. The event saw presence from all Flat6Labs offices across MENA, partners, startups, and mentors. The activities included panels with regional key opinion leaders, talks by Flat6Labs’ Limited Partners, and a celebration of Flat6Labs’ portfolio and achievements over the last decade.
Flat6Labs, a regional seed and early stage VC firm, announced today the second close, and increase of its Tunisia-based Anava Seed Fund (ASF) from $3 million to $10 million, expanding its impact through world-class startup programs across the North African markets. This is following a recent second close of Egypt-based Flat6Labs Accelerator Company fund (FAC) to $13 million back in May of 2021 to support Egyptian early-stage startups.
The Anava Seed Fund was launched in 2017 in partnership with the Tunisian American Enterprise Fund, BIAT Bank and Meninx Holding, to invest in 75 Tunisian early-startups in a five-year period.
VC Firm Sawari Ventures Joins as the Latest Significant Investor in ASF
Sawari Ventures is the latest addition to the investors of the Anava Seed Fund, with an investment amount of $1.6 million. “We are very proud of our investment in the Anava Seed Fund as we have closely followed their progress and are more than convinced that Tunisia has talented entrepreneurs working on promising start-ups” said Wael Amin, Managing Partner at Sawari Ventures.
During the last 4 years, the Anava Seed Fund successfully invested in over 50 startups in Tunisia between seed, follow-on and Pre-Series A tickets, operating in 22 different sectors that vary between Fintech, Education, Agri-tech, Delivery Services, Retail-Tech, Health tech, and Aeronautics. These startups have succeeded in creating more than 500 paying jobs, 61% of which are occupied by female talents.
Ramez El-Serafy, CEO at Flat6Labs, said, “We’re very excited about our latest second close for the Tunisia-based Anava Seed Fund, we believe that the North African markets hold untapped potential and unique business opportunities, and I’m happy to see that more and more investors are sharing our enthusiasm towards this rapidly growing market by increasing their commitments in both FAC Egypt Fund and Anava Seed Fund. We look forward to expanding our impact even further in North Africa with the support of our investors and partners.”
Flat6Labs has trained more than 440 entrepreneurs and invested in 130 startups with a total amount of $10.5 million through its Cairo and Tunis Seed funds. It’s also worth mentioning that Flat6Labs startups in North Africa have gone on to raise over $37 million in follow-on funding.
Applications are now open for Flat6Labs’ Tunis Seed program, apply here.
Cairo, 1st of August 2021 –
Eight exceptional Egyptian startups have just graduated from Flat6Labs Cairo Seed Program’s 16th cycle, which comes after over 230 hours of online business training to help them grow their customer base, refine their offerings, expand to new markets and build strategic partnerships.
On the premise of pumping fresh blood in Egypt’s economy, Flat6Labs’ seed program in Cairo provides a steady pipeline of 18 to 20 new promising startups to the local VC market every year. In fact, the eight graduating startups have been filtered from around 1000 applications coming from all over Egypt.
“As the startup ecosystem in Egypt continues to mature, the number of applications for our seed program has been increasing cycle on cycle. But it’s not just the number of applications, we’re also witnessing a rise in the quality of the pipeline and startups applying and joining our program,” says Albert Malaty, Managing Director of Flat6Labs Cairo Seed Program.
Each startup has received a seed investment starting from EGP 500,000 and up to EGP 750,000 in cash funding in exchange for up to 10% equity. “We have recently completed the second close of our EGP 207 million Egypt based fund, having received massive support from all our anchor investors. The current fund size allows us to provide a more suitable investment to our startups at the current turbulent times, helping them attract the right talents, acquire more customers, and survive longer,” says Marie Therese Fam, Managing Partner of Flat6Labs Egypt.
Flat6Labs’ Spring 2021 Cycle started in Cairo on March 14th, 2021 to help build the following eight resilient startups that have developed products and services across multiple sectors including health-tech, supplies and logistics, eCommerce, food and beverage, fintech and advertising.
Aiming to alleviate financial stress for millions of users in the region, CreditFins built Egypt’s first tech-enabled credit cards management platform to help customers analyze and optimize their spending, CreditFins also offers different educational content empowering customers to settle their credit card debt quickly and cheaper.
This technology company puts remotely-managed digital advertisements on moving vehicles. In four months, dKilo was able to successfully deploy 10 cars generating EGP 75,000 in monthly revenues and 6 million impressions monthly.
The Deli Llamas
With “School Lunchies,” a flagship brand of kid-specific lunch meals, food-tech startup, The Deli Llamas , design meals to promote balanced nutrition, autonomy and an enjoyable experience. School Lunchies is a web platform to order freshly-made lunches, delivered daily to schools. Hopping on that summer bandwagon, The Deli Llamas were able to close deals with two retailers in the North Coast.
The Deli Llamas’ website: www.lunchies.me/
Contact founder form: bit.ly/contact-TheDeliLlamas
The Baby Garage
Next to its 360 degrees parents support platform, The Baby Garage is also a shopping advisory marketplace for children’s products and services. Jumping by 70% in revenues this year, the team runs a number of various business units including the marketplace, the content blog, the discount cards, and on-ground activations currently serving 550 thousand parents in Egypt. The Baby Garage started in 2015 and evolved officially under the Technology Innovation and Entrepreneurship Center in the Ministry of telecommunication in 2019.
The Baby Garage website: www.thebabygarage.com
Contact founder form: bit.ly/contact-TheBabyGarage
This B2B wholesaler lead generation platform is Egypt’s first online platform allowing suppliers to list their products and services. ELSupplier’s tech solution amplifies the supplier’s reachability allowing them to penetrate new markets at much lower costs while saving sales executives hundreds of hours. Since the launch of the cycle, ELSupplier generated EGP 160,000 in revenue and acquired 4,000 new users.
ELSupplier’s website: www.elsupplier.com
Contact founder form: bit.ly/contact-ELSupplier
Launched in September 2018, Intixel is a health-tech startup supporting medical imaging companies with the needed image-analytics engines. In December 2020, Intixel launched its first clinically validated product; AIRA Breast; to empower radiologists in breast-cancer screening programs with its AI-powered solutions. Intixel’s team is a finely selected AI, and medical imaging experts. Intixel just released the beta version of its AIRA Breast product, currently running on the cloud for online use.
Intixel’s website: www.intixel.com
Contact founder form: bit.ly/contact-Intixel
The go-to destination for affordable luxury, Lumiere, kicked off in late 2020, bringing together a community of the most exciting independent luxury brands and contemporary, emerging designers hailing from different regions and diverse cultural backgrounds across the globe. So far, they offer over 2500 stock-keeping units for 30 different designers listed on their website.
Lumiere’s website: www.getlumiere.com
Contact founder form: bit.ly/contact-Lumiere
Already the leading manufacturer of rehabilitation robots in the MENA region, Nureab offers innovative motor rehabilitation devices to accelerate patients’ recovery times and results making the recovery journey for patients with mobility disabilities easier. With Nureab’s product – which is 95% done and in its phase 3 of trials – physical therapists can accurately monitor their patients’ progress to offer them the most suitable treatment plans.
Over the past four months, the teams of the aforementioned startups have received intensive training on topics ranging from Financial Modeling, Business Modeling, Growth Hacking, Storytelling for Business, and Technology Pitfalls, to Pricing, How to be Investor Ready, Product UX/UI, and Strategic Partnerships.
- The next cycle will commence in September, prospective startups can apply through this link