Omar, Author at Flat6Labs - Page 4 of 8

ACCELERATING THE FUTURE

Flat6Labs and OQAL Partner to Create More Funding Opportunities for MENA Startups

Flat6Labs, the regional seed investment company and startup accelerator, has partnered up with OQAL, an Angel Investors Network in Saudi Arabia in order to further the growth of MENA’s startups through collaborative efforts to introduce Flat6Labs network of startups to OQAL’s network of angel investors.

This partnership will provide OQAL with direct access to Flat6Labs portfolio companies, enabling more deals to happen efficiently across the board and enabling Flat6Labs startups to scale with the funding provided by OQAL’s network of investors.

Ramez El-Serafy, CEO of Flat6Labs

“We are very excited about our partnership with OQAL today. It marks another building block in our mission to help our startups grow and scale toward their desired markets in MENA and specifically the GCC” said Ramez El-Serafy, CEO at Flat6Labs. “As one of the first and largest Angel Investor Networks in Saudi Arabia, we’re confident in what this partnership with OQAL will garner in terms of exciting investment opportunities for Flat6Labs’ startups and OQAL’s network of angel investors.” Added El-Serafy.

“A key pillar in OQAL’s strategy is ‘Engaged Network’ that emphasizes our efforts in playing a proactive role within the ecosystem with essential partners as Flat6Labs MENA, which is one of the most prominent acceleration programs in the region with a strong track-record and even stronger founders and teams. We’re hopeful that this partnership will be yielding more investments, and more startups setting-up and expanding to Saudi Arabia.” Said Latifa BaNasr, CEO of OQAL Angel Investors Network.
The pre-set criteria by OQAL and Flat6Labs ensures that the startups maintain a specific standard that enables them to accelerate. This criteria includes but not limited to: solving a problem, having a working prototype of the service/product, having a team that compliments one another, having technology at the startups’ core, having a clear plan for the future, and gaining traction for the solution on offer.

Since OQAL was founded in 2011, its investors have funded the growth of many GCC startups like Careem and Sawerly. OQAL will gain direct access to over 260 Flat6Labs select startups from around MENA, and Flat6Labs will be capable of introducing its startups to one of the first networks of angel investors in Saudi Arabia. This partnership opens a new channel of possibilities for Flat6Labs startups and OQAL’s network of investors in the GCC region, and provides the startups with the space and network to also expand their businesses to other countries.

Meet Five Flat6Labs Cairo Startups That Secured EGP150m+ During The Last Two Months

Over the past two months, our startups around the region have been facing an unprecedented challenge that is the COVID-19 pandemic. Operations, liquidity and employment have been affected in many industries, but just as these challenges presented themselves, many of our startups adapted to the situation. Five of these startups were capable of securing follow-on funding of over EGP150m in only two months: Brimore, Chefaa, Instabug, Moneyfellows, and VRapeutic.

Brimore (Flat6labs Cairo Cycle 11)

Brimore joined Flat6Labs Cairo 11th cycle, securing a seed fund from our program in Cairo. The startup, well known for its end-to-end distribution platform, caught the eyes of investors like Algebra Ventures and Endure Capital, who helped it raise $800k in seed funding. Lately, it was announced that Brimore had secured a Pre-Series A fund worth $3.5m. The round was led by Algebra Ventures, with the participation of Flat6Labs, Disruptech, Vision Ventures, and 500 Startups.

Chefaa (Flat6labs Cairo Cycle 10)

Over the past few years, Chefaa has been capable of providing lots of customers with much needed medication using their app-based service. After their graduation from Flat6Labs Cairo, Chefaa was capable of securing a six-figure seed round from 500 startups, Flat6Labs and other investors late 2018. A few weeks ago, they had secured their first 7-figure Pre-Series A round from 500 Startups,Vision Ventures, Womena, and other investors.

“We see Flat6Labs as partners of success and they have made it clear on more than one occasion that they invest in people. Their faith in us as founders has had quite the impact on our performance. That affected our business directly and thus catching investors’ eyes. They were among the first believers in our vision & mission. Although COVID-19 has proven to be a global challenge, it has highlighted the gap in the safe digitization of many health care services and with chronic patients at highest risk it just made sense that Chefaa rises to the challenge. We don’t see raising investment as privilege, we see it as proof of past achievement and responsibility towards more to come.” — Doaa Aref, CEO of Chefaa.

Instabug (Flat6labs Cairo Summer 2012 Cycle)

It has been around eight years since their graduation from Flat6Labs Cairo, but during this time, Instabug has been capable of securing well-known clients like Samsung, Paypal, Lyft, EA Sports, Sound Cloud, Vodafone, and more. The bug reporting software, was capable of raising $1.7m from Accel in 2016. This year, they had secured a whopping $5m in a Series A round; making it the largest funding round a Flat6Labs Startup has raised.

Moneyfellows (1864 Accelerator Cycle)

The money circles app, Moneyfellows, was capable of securing a $4m Series A round from Partech Partners and Sawari Ventures in June 2020. Moneyfellows was part of Flat6Labs Cairo x Barclayas 1864 Fintech cycle. This investment has happened shortly after they had raised over $1m in a Pre-Series A round from 500 Startups, Angel Investors, and the Phoenician Fund.

VRapeutic (Flat6labs Cairo Cycle 12)

A finalist at MIT Arab Startup Competition 2017, the winner of SingularityU MENA 2019 $60k competition, and most recently, the winner of the $100k UNICEF grant; this is VRapeutic, a startup that uses VR to help manage and treat patients with ADHD and the many forms of autism.

“Flat6Labs Cairo is a second family, and a place to grow, personally and professionally. It is an accelerator that supports, builds, and cares for its startups. Joining Flat6Labs Cairo is one of the best milestones that every Egyptian startup would want to achieve” — Ahmed Al-Kabbany, CEO of VRapeutic.

Recently, Flat6Labs Cairo had just graduated its Spring 2020 cycle that saw 8 innovative startups in an array of industries showcase their solutions in a digital space. If you are interested in knowing more about our startups, you can experience our Digital Demo Day here. You can also connect with our startups, by clicking here.

Flat6Labs Cairo Graduates Eight Startups At Its Spring 2020 Digital Demo Day

Flat6Labs Cairo, the leading Startup Accelerator in Egypt, helds its Spring 2020 Demo Day with eight new startups graduating from its first cycle of fiscal year 2020.

Flat6Labs Cairo’s Spring 2020 cycle commenced on February 16th in 2020 and welcomed eight promising new teams, filtered from around 1000 applications, who are now excited to launch their businesses to the general public. This cycle has entrepreneurs coming from all across Egypt and the startups are working across various industries, from Fintech, E-commerce, Logistics, and SaaS, to Artificial Intelligence, on-demand car services, Freelance Marketplace, and Bio materials, offering innovative technological solutions set to disrupt the market.

The eight innovative startups presented their projects online in front of thousands of viewers including local and regional investors, mentors, reputable technology experts, top entrepreneurs, and influencers from the region, and press, who are keen on witnessing the progress of the start-ups and the latest innovations in the region.

“We’re extremely happy to be graduating this latest batch of 8 startups, and cannot wait to see how they’ll continue to scale their businesses to a new level post Demo Day”. — Ramez El-Serafy, CEO of Flat6Labs“Our startups have been extremely resilient through a cycle that overlapped with COVID-19. They have developed and adapted their solutions to the pandemic. Personally, I am extremely proud of them.” — Marie-Therese Fam, Managing Partner of Flat6Labs Cairo

In 2017, Flat6Labs Cairo partnered with four anchor investors; the International Finance Corporation, MSME Development Agency, Egyptian American Enterprise Fund, and Egypt Ventures, as limited partners, to launch a new phase of the Flat6Labs Cairo Accelerator Program. Flat6Labs Accelerator Company (FAC) aims to fund 100+ innovative startups across Egypt, with a focus on tech-enabled solutions, during its five years of investment period. Since the launch of the FAC fund, Flat6Labs Cairo has received over 4,500 applications, trained more than 450 founders, ran 6 cycles, and invested in 52 startups.

Flat6Labs Cairo fosters and invests in bright and passionate Egyptian entrepreneurs with cutting-edge ideas, and supports them by providing access to a vast network of local and international investors, industry experts, partners and corporations. Every six months, Flat6Labs Cairo provides seed capital to eight to ten new startups, each company receives from EGP 500K to EGP 750K in funding for up to 10% equity. Flat6Labs Cairo has so far trained and funded 106 startups — including “legacy” startups that have graduated from the program since its launch in 2011.

The eight graduating startups that showcased their technologies and business ideas at Flat6Labs Cairo Spring 2020 Demo Day include:
  • 3atlana :  a mobile application that offers car services on the go and connects users to trusted service providers.
  • Bosla : a voice analytics software that analyses human behavior.
  • CreditGo : a payment aggregator for Small Businesses.
  • Inploy : an online marketplace that connects businesses to premium freelance talent & SME’s.
  • Mycelium : transforming agriculture waste into new material that replaces plastic and synthetic wood.
  • Opio : a digital Women’s fashion brand.
  • Tayar : Fleet Management SaaS powered by AI to automate and optimize home delivery operations for businesses.
  • Wedel : an on demand shipping and delivery hailing mobile application.

Check out the Demo Day and our startups here

8 Best Tips From Our 8 StartSmart Webinars

Over the past few months, countries and regions have witnessed a global lockdown. While we were forced to stay home, we’ve decided to host eight webinars that would help the startup ecosystem and its key players take part in rebuilding it. This was done mainly through regional and global interviews with renowned investors & entrepreneurs, who have shed light on unique aspects of the COVID-19 pandemic and its regional & global impact on startups. We’ve decided to share them with you in a bite-sized article, with the eight best tips from our 8 #StartSmart Webinars.

“The pandemic heightens the need for inclusive services & products.” — Christopher Schroeder, a Global Investor

As we’ve all seen, this pandemic and the move to online communication, transactions, consultation, etc… has deepened the need for our economies to be inclusive of those who don’t have access to such technologies. Entrepreneurs should cease this opportunity to create solutions that bring inclusivity to a new level, Chris said.

Read more about our 1st Webinar here: “How to Take Off Your Startup During COVID-19 Outbreak”

“Startups In the Frontier Ecosystems Need to Think Globally.” — Alexandre (Alex) Lazarow, a global investor and author of “Out-Innovate.”

 

 

Alex elaborated that startups in growing economies need to think of how their startup can expand globally or regionally when they are just starting out. It is important to create a solution that could be adapted to different cultures and economies because it will facilitate your growth. He highlighted that most of today’s unicorns had going global at their core from the very beginning. Entrepreneurs need to think about how you can build teams that communicate efficiently across the world, and how they can build that global muscle from day one. Also, the pandemic is enabling entrepreneurs to reach out to global investors without the need to travel. This is a chance for them to raise money and approach remote investors.

Read more about our 2nd Webinar here: “How To Out-Innovate.”

“You don’t need to be in silicon valley to do something great.” — Amira Yahyaoui, MOS’ Founder

An entrepreneur should first and foremost be building for the experience, the journey, and changing people’s lives. Entrepreneurs need to realise that wherever they are in the world, there are problems that require innovative solutions, which will ultimately change people’s lives, hence, “you don’t need to be in silicon valley to do something great,” Amira said. She added” “the only interesting thing about silicon valley is the technology and the people,” and if you can read books, watch webinars, and listen to podcasts coming from the silicon valley, you can start anywhere.

Read more about our 3rd Webinar here: “Building a startup in Silicon Valley”

“Send consistent updates.” — Mike Preuss, Co-founder & CEO of Visible.vc

Mike said that in one of their surveys, they have discovered that founders are more likely to get investments if they are consistent with their reports to investors, in fact it increases their chances by %300. During the COVID-19, investors will likely be looking at startups that have a record of maintaining their reports. Most founders can’t raise because they don’t update investors regularly.

Read more about our 4th Webinar here: “Impactful Communication with Investors During COVID-19”

“If you want to see long term, positive change, you need to commit yourself to positive change.” — Roxanne Varza, Director of Station F

While the pandemic has held most of us hostage in our homes, it has provided an opportunity for the environment to get better. If we want it to keep getting better, we need to find solutions to do that, while still living our normal lives. COVID-19, on the good side of things, has provided us with a lot of opportunities that need to be explored by our aspiring entrepreneurs.

Read more about our 5th Webinar here: “Opportunities and Lessons Learned”

“Ask your customers/clients what they are doing, not what they need.” — Patrick Riley, CEO of the Global Accelerators Network (GAN)

Lots of businesses of varying sizes have changed their business models overnight to cope with pandemic, and all of them are dealing with new challenges. If you can ask them what they are doing, know the services they are offering, you can most definitely know & assume their challenges/problems, and develop/adapt your offerings to help them. Patrick added, “Your solution must always be relevant.” You can research different segments and find your “sweet spot,” and start developing a prototype or even launch a startup that is revolutionary, but no one wants because it is not relevant. When you start a research to create a product/service, think of how long it can stay relevant to people and businesses.

Read more about our 6th Webinar here: “Seed-stage Startups: A Global View”

“Find the right balance between human clustering and individual functions.” — Khaled Talhouni, Managing Partner of Nuwa Capital

Some tasks will require human clustering to be finished effectively, like creating a new innovative product/service. However, there will be tasks that require individual efforts, which could be done more productively from home. Startups need to find that balance between taking their jobs home, and clustering to innovate. Khaled Talhouni, Managing Partner of Nuwa Capital

Read more about our 7th Webinar here: “Building In the New Normal”

“Young entrepreneurs who have ideas should move ahead & do them.” — Ferid Belhaj, Vice President of World Bank MENA

Young entrepreneurs in MENA need to have the ambition to go way beyond what they think is possible because new tech must spread everywhere, Ferid said. He also noted that the market will judge the entrepreneurs’ projects, and whether it can absorb their products or not. Entrepreneurs need to do what they feel will work, and see for themselves if it actually solves the problem.

Read more about our 8th Webinar here: “The World Is A Village: World Bank Response to Covid-19”

The good thing about all these tips is that they are effective during the pandemic, post-pandemic, and in the face of any other economic recession. Make sure to utilise them to the best of your ability, and perhaps share it with your friends?

StartSmart 8th Webinar Recap: The World Is A Village: World Bank Response to Covid-19

On our eighth and last Flat6Labs StartSmart Webinar, we hosted Ferid Belhaj, Vice President of World Bank MENA, interviewed by Dina el-Shenoufy, Flat6Labs’ CIO to discuss World Bank’s response to COVID-19 globally and specifically in MENA. Ferid offered us his unique perspectives on how to tackle #COVID19, and how to create more opportunities for MENA startups. This is our full recap of the webinar.

“The world is a village”

Ferid said, one needs to find the right balance between squeezing out the best of the village that the world is becoming, and some of the possible negative aspects of this.

“Globalisation is fundamental”

Globalisation has helped us stay connected & work twice as much as we used to work from offices, and we need to push the globalisation of technology if a similar crisis ever comes to be, Ferid added.

“The World Bank has committed $160bn to MENA”

Since the crisis started, the World Bank committed $160bn to fast track financing facilities to help countries around the world to manage and deal with the health dimension of the crisis; to help the backbone of economies: SMEs; and to offer social protection for vulnerable people due to COVID-19.

“Young entrepreneurs who have ideas should move ahead & do them”

Young entrepreneurs in MENA need to have the ambition to go way beyond what they think is possible because new tech must spread everywhere, Ferid said. He also noted that the market will judge the entrepreneurs’ projects, and whether it can absorb their products or not. Entrepreneurs need to do what they feel will work, and see for themselves if it actually solves the problem.

“States in MENA need to be an enabler for startups”

“MENA needs to take care of itself,” Feird said. While we are trying to help countries, entrepreneurs and vulnerable families, states need to be the enabler that pushes everyone to do their best. States need to push out reforms that help startups. In some of Ferid’s talks with government officials from around MENA, they said that they are starting to recognise that they should have invested more in innovative solutions.

“Investment in new tech is never ever a lost investment”

Investors who have the resources and ability to invest in new technologies, need to be aware that it is their responsibility to help startups who are suffering because of the pandemic. They also need to be aware that an investment is never a lost investment, something will always come out of it; be it a new solution or a pivoted business model, something can always happen that can transform the way we live.

Make sure to join our upcoming Flat6Labs Cairo Spring 2020 Demo Day, June 24th. For more information and to register, click here.

StartSmart 7th Webinar Recap: Building In the New Normal

Our seventh Flat6Labs StartSmart Webinar was co-hosted by Khaled Talhouni from Nuwa Capital, with our own CEO, Ramez El-Serafy, to discuss the changing definition and implications of building companies and what this means for the MENA region

“Human clustering is a big part of accelerated innovation” — Khaled

Historically, Khaled said, that there has been a large dependence on human clustering to achieve innovation. It, as he said, plays a significant role as one of the economic engines. There is something about the existence of a people in a dense environment that cannot be replicated virtually.

“Find the right balance between human clustering and individual functions” — Khaled

Some tasks will require human clustering to be finished effectively, like creating a new innovative product/service. However, there will be tasks that require individual efforts, which could be done more productively from home. Startups need to find that balance between taking their jobs home, and clustering to innovate.

“Our region is super resilient” — Ramez

Over the past decade, we’ve seen and learnt how startups have been capable of surviving the many crises, Ramez said. Our applications during 2011 & 2012, have actually doubled every cycle, and that is a great indication of how crisis can breed innovative solutions, great adaptability, and resilience.

“Startups need to ask themselves what is different” — Ramez

During these times, startups will be either thinking about pivoting quickly to stay relevant, pushing forward with their existing solutions, or shutting down to cut the losses. Startups need to think about whether there is an actual opportunity to pivot, by changing their business model, creating partnerships, etc… They also need to think about how they can utilise their current solution to temporarily benefit from the situation. The crisis will end one day, so you as a startup founder, need to to think about your solutions and their viability in both the long and short term.

“There is going to be a shift in private capital” — Khaled

Businessmen will be looking for ways to invest their money in more transparent ecosystems, and they will head for micro investors and micro fund managers to take off the hassle of due diligence off of themselves. AngelList is the first iteration of that.

Make sure to join our upcoming Webinar on June 9th, 2020, Co-hosted by Ferid Belhaj of The World Bank MENA and our own Chief Investment Officer, Dina el-Shenoufy.

For more information and to register, click here.

StartSmart 6th Webinar Recap: Seed-stage Startups: A Global View

In our sixth Flat6Labs StartSmart Webinar, Patrick Riley, CEO of the Global Accelerators Network (GAN) shared his global insights on seed stage startups during and post COVID-19. Interviewed by Flat6Labs Beirut Managing Director, Fawzi Rahal, Patrick talked about the challenges and opportunities for startups to access the human and financial capital they need to solve problems and create impact during these challenging times.

“Acceleration doesn’t have to be in person.”

COVID-19 pandemic has proved that virtual acceleration is more than just possible. A testament to that is the number of accelerators in GAN, who have shifted virtualised their models. “The functions of an accelerator haven’t changed, but the mechanisms did change,” Patrick said.”

“Investors have the money.”

You need to prove to investors why your company is safe, stable, and most importantly, taking off during this season. Most investors nowadays think of whether they should wait for the storm to pass, or if they should doubledown on investments they have already made. In order for you as a startup to get their funds, you need to show growth, ability to scale, and high adaptability to COVID-19.

“Ask your customers/clients what they are doing, not what they need.”

Lots of businesses of varying sizes have changed their business models overnight to cope with pandemic, and all of them are dealing with new challenges. If you can ask them what they are doing, know the services they are offering, you can most definitely know & assume their challenges/problems, and develop/adapt your offerings to help them. Patrick added, “Your solution must always be relevant.” You can research different segments and find your “sweet spot,” and start developing a prototype or even launch a startup that is revolutionary, but no one wants because it is not relevant. When you start a research to create a product/service, think of how long it can stay relevant to people and businesses.

“5-year-old companies are the ones who will be creating jobs.”

With many companies laying off people due the COVID-19 pandemic, the unemployment rates have skyrocketed in the past months across the globe, but startups, as always, can flatten the curve. Patrick said that according to their surveys and research that companies that are 5-year-old or less are capable of creating new jobs much more than 6+ year-old startups.

“You are not your business.”

The most successful entrepreneurs and founders didn’t make it from the get-go, some had to struggle a bit to finally create that one innovative solution that is bound to change the world. Failing at one venture, two, or three doesn’t make you a failure. Learning when to quit, pivot, or try something entirely new is what shows your strength and resolve.

“There is something about real life interaction that virtualness cannot replicate.”

Partick has elaborated that now might not be the best of times to find a co-founder for your startup, and that you need to do it in real life because you get to know that person in front of you when you do that.

“If you don’t know where you are going, any road will take you there.”

Tell your team where you are going today, and be flexible enough to adapt & change your plans next week if necessary, but know that in the end you will get “there.”

Read Patrick’s recommended blogpost entitled “The One Chart That Gets Me Up In The Morning.”

Make sure to join our upcoming Webinar on June 2nd, 2020, Co-hosted by Ramez El-Serafy, CEO of Flat6Labs, and Khaled Talhouni, Managing Director of Nuwa Capital. For more information and to register, click here.

Flat6Labs Tunis Hosts Its Fifth Demo Day & Graduates 8 Startups Digitally

Flat6Labs Tunis has proudly celebrated it’s fifth Demo Day on Wednesday May 13th at 2 PM Tunis time / 1 GMT online, with 8 innovative startups presenting their businesses to hundreds of registered attendees.

The fifth cycle includes startups operating across a range of industries including Industry 4.0, Automotive, Marketplaces, Robotics, Education, FinTech and Tourism. All startups have technology at their core and ready to showcase their products to potential investors, media and the larger business community.

You can view and connect with the startups here: https://demoday.flat6labstunis.com/.

The accelerator has strategically worked to expand its network by constantly promoting new partnerships with stakeholders in the public and private sectors. Its main partners are Meninx Holding, the Tunisian American Enterprise Fund (TAEF), BIAT Bank, as well as the International Financial Corporation (IFC) who joined the fund last year. The recent partnership with IFC includes an investment of $1M in the Anava Seed Fund managed by Flat6Labs Tunis to encourage women and youth initiatives, in addition to technical support to the accelerator.

During the past 3 years of operations, the startup accelerator and investment fund has reached many important milestones that include supporting its portfolio by securing follow-on funding, creating jobs, increasing awareness about entrepreneurship and supporting startups across the local ecosystem in Tunisia.

Flat6Labs Tunis has received more than 1,500 applications, but only 36 Tunisian Startups were chosen for our five cycles and they were the ones who graduated from the program with an initial investment of 200,000 TND, in addition to technical perks, rigorous training, coaching, access to an extended network of investors that enhanced their business development and their products and services.

Moreover, the accelerator played a major role in inspiring young people towards entrepreneurship by engaging with the community and partnering with local universities and professional organizations with a major focus on entrepreneurship such as Open Startup Tunisia and Enactus, as well as corporates like E&Y and Meubles Intérieurs.

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Flat6labs Tunis also organized large events such as Startup Open Doors which gathered more than 100 startups across the country during the Global entrepreneurship Week. Flat6Labs also hosted a Job Fair in collaboration with the Facebook Developers Circle where 35 startups offered more than 100 jobs to 500 participants. And last year, Flat6Labs Tunis launched the Investor Academy, an initiative focused on creating awareness about investment in innovation and startups specifically focusing on Business Angels.

Subscribe to the event: https://demoday.flat6labstunis.com/

StartSmart 5th Webinar Recap: COVID-19: Opportunities and Lessons Learned

In our fifth Flat6Labs StartSmart Webinar, Roxanne Varza, Director of Station F exposed what the COVID-19 pandemic offered and still has to offer to startups in general, no matter where they are: MENA, Europe or US. This crisis is changing the landscape of the startup and tech ecosystem, and Roxanne & Faten Aissi Flat6Labs Tunis Marketing & Outreach Manager discussed the lessons learned and how innovation tackled some of the most severe aspects of the quarantine in Health, entertainment, WFH and education.

Take advantage of talents that have been laid off around the world

Due to the current economic crisis, many startups and corporates are laying off people to maximise the business’ chance of surviving the economic recession. So they are laying off people, this is where if you as someone just starting out or your business is growing rapidly can utilise this chance to hire remote employees. This is an opportunity for you because you can get a magnitude of experienced people, who can help your business grow and scale, remotely.

Customer service is essential the more you grow

Understanding that your small team will not be capable of always answering questions, receiving complaints, or following up with magnitude of people is important to knowing when to outsource your customer service or build a team dedicated to just that.

Companies needn’t be ashamed of downsizing, but someone needs to take responsibility

During the pandemic, many companies went the route of laying off people, but taking responsibility for your business operations, means that you care for business, your clients, and your staff. People can grasp the reality they are in, but they need to be assured that they were worth every resource the company has put into hiring, training, and employing them. It is more than just a nice gesture or politics, it is honest and responsible.

If we want to see long term, positive change, we actually need to commit ourselves to positive change

While the pandemic has held most of us hostage in our homes, it has provided an opportunity for the environment to get better. If we want it to keep getting better, we need to find solutions to do that, while still living our normal lives. COVID-19, on the good side of things, has provided us with a lot of opportunities that need to be explored by our aspiring entrepreneurs.

Always be dedicated & focused

If you start something, finish it. Don’t get sidetracked, Work until your vision has become your reality, but until then, keep your focus on one project at, one startup at a time.

Make sure to join our upcoming Webinar on May 19th, 2020 with Patrick Riley, CEO of Global Accelerator Network along with Fawzi Rahal, Managing Director of Flat6Labs Beirut. For more information and to register, click here.

Flat6Labs Bahrain Hosts A Digital Demo Day & Graduates Cycle Four Startups

Flat6Labs Bahrain held its fourth Demo Day, also its first Digital Demo Day for its 4th Cycle on the 6th of May, 2020, where 7 innovative startups presented their businesses virtually to hundreds of registered online attendees.

The 4th Cycle included startups addressing problems with unique solutions across an array of industries including Telehealth, Education & Student Services, F&B, Lifestyle Applications, Fashion Tech, Exergaming, and Fitness Applications. All of the startups have technology at their core and are ready to showcase their product to potential investors, the media and the greater business community. Registration for the digital event can be made at:

The graduation of the latest batch means that Flat6Labs Bahrain has successfully completed four Cycles since its launch in March 2018. Within its 2 years of operations, the accelerator has reached several milestones which include job creation, supporting startups & the local ecosystem, raising awareness on entrepreneurship in the country, engaging with youth and women through community engagement activities, supporting its portfolio with securing follow-on funding and more.

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Out of 1,100+ applications that were received by Flat6Labs Bahrain, a total of 28 companies both Bahraini and international have graduated from the programme with a USD $32K seed investment, as well as rigorous training, coaching and mentoring that have enhanced their business development and product/services offered. Several of these have gone on to receive much traction and become renowned names in the Kingdom’s startup ecosystem such as Inagrab, Telp, Sinc, Majra, Tamarran, Akalati and Springring. Through its expansive network of VCs in the region which include Faith Capital, 500 Startups and Arzan VC; the accelerator has successfully supported several of its portfolio companies in raising a collective sum of USD $1.6 Million in follow-on funding; over a 2x multiplier of the initial invested amount.

Flat6Labs Bahrain has also contributed to economic growth in the country through not only investing in innovative & youth led businesses, but in job creation as well. Together with its 28 companies, 100+ full-time jobs and 70+ internships have been created. Furthermore the accelerator has played a key role in inspiring youth towards entrepreneurship through its community outreach by partnering with all the local universities and professional institutes and conducting workshops to educate the public on how to approach launching a startup , offering its space for free for ecosystem events, participating in key ecosystem activities, mentoring through programmes such as Injaz, Mashroo3i and Intelaaq, speaking at panel discussions related to startups, youth and women, sponsoring prizes in startup competitions by offering a seat in the Cycle Bootcamps, and organising its own community events such as its Women in Startup panel during GEW 2019.

The accelerator has worked strategically to expand its network by consistently fostering new partnerships with public and private sector stakeholders. Its two main partners are Tamkeen and EDB, however Flat6Labs Bahrain has also forged over 40 partnerships which include Zain Bahrain, its official Telecom Partner, AWS, Microsoft, GAN, Bahrain Fintech Bay, Tenmou, Charles Russell Speechlys, BIBF, Ahlia University, University of Bahrain, Royal University for Women, Arabian Gulf University, and many more.

Pakiza Abdulrahman, Head of Startups at the Bahrain EDB, said: “Flat6Labs Bahrain is a key contributor to the Kingdom’s fast-growing startups ecosystem. It achieves tangible results for its portfolio companies — whether they be innovative homegrown, Bahraini startups or international entrepreneurs seeking a regional base to grow and scale their ideas and businesses. These local and international startups are the backbone of our ecosystem. I look forward to congratulating many more Flat6Labs Bahrain graduates in the years to come.”

Check out the Demo Day and our startups here.