Flat6Labs Bahrain has successfully completed its 6th Cycle, where 8 promising startups took part in the 4-month acceleration program and received an investment of $32,000 each.
The 6th Cycle received over 200 applications from more than 50 countries which were then narrowed down to a final selection of 8 Startups that consisted of teams addressing problems with unique solutions across an array of industries, including Prop Tech, Fintech, Entertainment, E-Commerce, and Enterprise Software. Having completed the program, the startups showcased their businesses in the accelerator’s Sixth Demo Day on the 23rd of February. The virtual event was premiere at 7:00PM on YouTube and Facebook.
Ali Fakhro, Managing Director of Flat6Labs Bahrain, said: ‘This has been one of our most interesting cycles as it includes innovative startups that have already achieved traction or are ready to be deployed in the market, including FinTech startups with fascinating concepts. With the support of our partner Tamkeen, we have invested $1,400,000 in 44 startup companies integrated in Bahrain. We look forward to continuing our integral work in supporting the growth of the Kingdom’s startup ecosystem.’
Since its launch in 2018, Flat6Labs Bahrain has aided in the creation of over 200 jobs and invested thousands of hours in mentoring and coaching startups, expanding the reach of its portfolio in the GCC market and supporting them with raising over $2,200,000 in follow-on funding. Flat6Labs Bahrain’s portfolio also includes young Bahraini founders as the accelerator works on empowering Bahraini youth by investing in their ideas.
Flat6Labs is the MENA region’s most active seed investor and startup accelerator program that fosters growth, investing in bright and passionate entrepreneurs with cutting-edge ideas. It provides seed funding, strategic mentorship, a creative workspace, along with a multitude of perks and entrepreneurship-focused business training. In addition, it directly supports startups through an expansive network of partner entities, mentors, and investors.
Flat6Labs Bahrain accepts applications from all countries and nationalities; applications can be made through the website: https://www.flat6labsbahrain.com/apply/