December 2019 - Flat6Labs

ACCELERATING THE FUTURE

Flat6Labs Trains 100+ Saudi Entrepreneurs at Misk Innovation Startup Bootcamps

5 Cities, 5 Bootcamps, 75+ Startups, 100+ Saudi Entrepreneurs Empowered by Flat6Labs

The Misk Innovation Startup Bootcamps powered by Flat6Labs program, was held late 2019 in five different cities across the kingdom to see that those with vision, ambition, and insight, get the best the MENA has to offer of mentorship, funds, and exposure to a local, regional, and international network of investors. After rounds of filtration from 900+ applications, the bootcamps held in Riyadh, Jeddah, Al Madinah, Khobar, and Al Qassim, saw over 90+ idea-stage startups; around 100+ entrepreneurs; and tens of mentors flocking the bootcamps.

The bootcamps hosted a number of sessions designed to introduce the participating startups on how to take their startups to the next level. Starting from design thinking, which helped startups formulate methods through which they can tackle complex problems; and moving on to customer acquisition, an essential ingredient of any successful startup. The mentors and coaches also provided sessions on how to create business and financial models, with the aim of setting clear revenue streams and aiding startups in the management of their resources. The sessions also contributed to the startups ability to define and accentuate the value they will be giving to their customers through value proposition sessions, and how to use growth-hacking to accelerate their penetration of the market and the realisation of the product/market-fit.

Knowing that well-rounded team is what drives the success of any startup, the program also hosted sessions on the best methods to allocate human resources that could drive the business forward. The program also brought legal experts who provided sessions on how to setup the startup in Saudi. Finally, and most importantly, through workshops designed to attract customers and investors, startups’ founders were trained to deliver amazing pitches.

The whole purpose of the Misk Innovation Startup Bootcamps powered by Flat6Labs is to enable aspiring entrepreneurs to create and innovate.

“I was capable of changing my startup’s strategy to suit my business needs and aspirations because of the mentorship that was provided during Al Madinah Bootcamp.” — Osama Al Motrfy, CEO of Waste Turn

We’ve taken it upon ourselves to ensure that the 75+ entrepreneurs attending our bootcamps across the kingdom, get the best mentorship and direction at such a critical stage in the startup’s life.

“I already learned a lot and it’s only been one day. Well organized, great trainers, and amazing energy” — Suhail Ahmed, CEO of Group4Less

Flat6Labs saw that each of the startups got the best support possible to help them venture and kick off innovative services and products through bringing in our team, and local and international mentors to help the startups ground their ideas. We’ve given Saudi entrepreneurs access to a number of essential tools that will help them succeed in the future and change the startup ecosystem starting from ideation sessions to design thinking and legal setup. Empowering such a drive of passionate entrepreneurs and raising awareness are at the core of why Misk kicked off its Misk Innovation Startup Bootcamps and the reason Flat6Labs powered it! This goal has been achieved, but it is just the start!

Flat6Labs saw that each of the startups got the best support possible to help them venture and kick off innovative services and products through bringing in our team, and local and international mentors to help the startups ground their ideas. We’ve given Saudi entrepreneurs access to a number of essential tools that will help them succeed in the future and change the startup ecosystem starting from ideation sessions to design thinking and legal setup. Empowering such a drive of passionate entrepreneurs and raising awareness are at the core of why Misk kicked off its Misk Innovation Startup Bootcamps and the reason Flat6Labs powered it! This goal has been achieved, but it is just the start!

Flat6Labs Hosts First Regional Demo Day

Flat6Labs hosted its First Regional Demo Day during ArabNet Riyadh on December 10, 2019, which took place at the Riyadh International Convention & Exhibition Center. The Regional Demo Day is a first of its kind for Flat6Labs on a regional level, following more than 30 successful local Demo Days across Flat6Labs locations in Egypt, KSA, UAE, Lebanon, Tunis and Bahrain.

The Regional Demo Day showcased 18 investor-ready, high-growth, scalable startups from Cairo, Beirut, Tunis and Bahrain , who presented their products and services to a select audience of potential investors and the media from Saudi Arabia, the MENA region, and the international entrepreneurial community.

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The selected Flat6Labs startups were handpicked from a pool of 240+ startups from the past 30+ cycles, providing them with the opportunity to scale and expand into the MENA region and beyond.

The startup founders and teams were tackling solutions across an array of industries including Clean Technology, E-commerce, Ed Tech, Health Tech, IoT, SaaS, Logistics, Recruitment, Sports Tech, among others.

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Flat6Labs startups go through several stages before they are selected to become a fully developed startup, powered by Flat6Labs funding, network and expertise. They also have the privilege of using the Flat6Labs office space as their own, where they are connected to mentors, consultants, investors, business workshops, training sessions and perks, amongst many others.

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The First Regional Demo Day solidifies Flat6Labs’ aim to accelerate the growth rate of entrepreneurship in MENA, and to provide a steady pipeline to the region’s rapidly-growing venture capital ecosystem.

Flat6Labs’ mission is not only to serve startups as an early stage investment vehicle, but much more than that: we are our startups’ institutional partner. As Flat6Labs’ footprint and impact grows across MENA and even beyond, we make sure that this leading stance within the region directly helps our startups and partners to achieve their goals in reaching their customers and scaling across their required markets” said Ramez El-Serafy CEO at Flat6labs.

And that’s exactly what we’re doing with our first Regional Demo Day. We’re bringing together 18 brilliant Flat6Labs startups from across our offices in MENA to enable them to take their next step towards follow-on funding and scalability” added El-Serafy. Omar Christidis, CEO of ArabNet said, “We’re thrilled to be hosting the first ever Flat6labs Regional Demo Day at Arabnet Riyadh this year. The conference is the ideal platform for these promising startups to access the region’s largest digital market — Saudi Arabia — by connecting with over 6,000 attendees and 150+ investors, and forging relationships with potential partners and clients.”

Here are the 18 graduating startups that showcased their products and services during the First Regional Demo Day:

  • Akalati: Food ordering app for parties and gatherings.
  • Bexel: Cloud-based Inspection Software for Oil & Gas and Construction companies.
  • Boostiny: A performance based advertising platform linking brands with nano-influencers
  • Chefaa: On-demand application to scan and deliver prescriptions to patients, locate the nearest pharmacy, and order from pharmacies online.
  • Clean2O: Clean2O designs products that make water safe for cooking and drinking anytime, anywhere.
  • GoMyCode: High-end computer Science Education with a unique learning experience that leaves lasting impressions and positively impact our students’ lives.
  • Illa: lla is a digitally operated multi-sized platform that provides transportation and distribution services.
  • Majara: A career platform that focuses on matching young professionals with employers on the basis of culture fit.
  • Mint Basil Market: An e-commerce platform for healthy natural products.
  • Schedex: Smart, automated, and flexible employee scheduling SaaS for shift-based companies and hourly workers.
  • Springring: Springring is a School Communication Management Platform linking admins, parents, teachers, and students together.
  • Tamarran: Tamarran helps you find and book sport venues, fitness classes and recreational activities in town.
  • Tap4Glam: Tap4glam.com is an innovative solution for booking beauty and wellness services at home, for companies or during events.
  • Telp: Telp is an online platform which helps students find and book lessons with private tutors instantly.
  • Untap: Untap​ ​is a submission​ management tool used to efficiently launch and manage online competitions and calls for applications.
  • VRapeutic: VRapeutic develops virtual reality software for learning disabilities and developmental disorders.
  • Wattnow: Wattnow’s mission is to support companies and building operators visualize their consumption in real time and helping them reduce their electricity bills by up to 30%.
  • Zima: A cost-saving SaaS that enables Internet Service Providers to manage their user bandwidth, billing and subscription– with no need for hardware.

Flat6Labs has an open application process, allowing founders to apply at any time to receive feedback and enhance their selection opportunities for upcoming cycles around the region. Founders can learn more and apply at www.Flat6Labs.com

Flat6Labs Cairo Graduates 11 Innovative Startups at its Fall 2019 Demo Day

Flat6Labs Cairo, the leading Startup Accelerator in Egypt, held its fall 2019 Demo Day with eleven new start-ups graduating from its second cycle of fiscal year 2019.

Flat6Labs Cairo’s fall 2019 cycle commenced on August 25th in 2019 and welcomed eleven promising new teams, filtered from over 1200 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 Home Automation, Health Tech, Logistics and SaaS, to E-commerce, Management Consulting, Web Development & Recruitment, offering innovative online and digital solutions set to disrupt the market.

Attending the Demo Day are Flat6Labs investors, mentors, top government officials, reputable technology experts 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.

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. With a fund size of EGP 100m, Flat6Labs Accelerator Company (FAC) aims at investing in up to 100 early-stage startups and 300+ entrepreneurs, during its five years investment period. 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.

“We’re extremely happy to be graduating this latest batch of 11 startups and cannot wait to see how they’ll continue to scale their businesses to a new level post Demo Day”. He adds, “We can say with confidence that this group of entrepreneurs are go getters and relentless in their quest towards success, and we fully stand behind them even after they’ve left Flat6Labs Cairo’s doors”. — Ramez El-Serafy, Flat6Labs CEO

The eleven graduating startups that are showcasing their technologies and business ideas at Flat6Labs Cairo Fall 2019 Demo Day include:

  • AION: AION Innovations offers easy to install and affordable smart home solutions which are accessed and controlled remotely using an innovative mobile application.
  • Axon: AXON is a medical platform which saves individuals and organisations up to 80% on medical and wellness services through one consolidated annual membership.
  • BeXel: BeXel is a cloud-based software that helps quality control engineers in checking safety standards for equipment used in various sectors such as oil, gas, construction, and hotels.
  • Consulting Pad: Consulting Pad empowers businesses by matching them with experts from world-class MBA programs and multinational companies.
  • Curotrip: A one stop shop for patients all over the world to get connected to Egyptian medical professionals , book and plan the whole medical journey in a few simple steps.
  • Fridge: Fridge provides all the required grocery and hygiene supplies to businesses on an interval basis (monthly, weekly, or daily) at wholesale prices. Saving businesses time, money and resources.
  • HOVO: HOVO is your tech-enabled logistics partner that provides trucks in 20 mins across Egypt. They proudly have a fleet of over 3000 trucks in different sizes.
  • Makwa: Makwa is a mobile application that provides doorstep dry cleaning, laundry pickup and delivery services.
  • ShipHaly: ShipHaly An online platform that connects shoppers to travelers, offering a secure, affordable, and seamless shopping experience.
  • Talents Arena: Online technical hiring platform, enabling companies to hire the best technical talents in 14 days or less.
  • Wuilt: Website builder that creates a multi-lingual websites in 3 easy steps, in less than 10 minutes.