Flat6Labs holds second Demo Day

Manama, Mar. 10 (BNA): Flat6Labs Bahrain hosted its second Demo Day at Bahrain National Theatre, where eight startups from showcased their businesses in front of an audience consisting of VIPs, investors and officials. The second cycle received over 200 applications from more than 40 countries which was then narrowed down to a final selection of eight Startups that consisted of teams both locally and internationally, with businesses offering products and services from a wide range of industries such as SaaS, FinTech, EdTech, F&B, E-commerce and more. Throughout the four-month intensive developmental programme, they were given access to world-class trainers, mentors and coaches as well as a host of perks, office space, legal support and company registration in the Kingdom of Bahrain. "We are grateful for the outstanding support from our partners Tamkeen & EDB, whose efforts have contributed to accelerating entrepreneurship in Bahrain and our work towards growing the local startup ecosystem." said Ryaan Shareef, Managing Director of Flat6Labs Bahrain. The Labour Fund (Tamkeen)’s Chief Executive Dr Ebrahim Mohamed Janahi praised the key role of this programme in assisting startup ventures to become fully operational and sustainable businesses. As part of Tamkeen’s objectives, bridging the gap between startups and potential investors and growth opportunities help boost the private market’s performance. It inherently supports the attraction of investments, while supporting Bahraini enterprises including startups to pursue their expansion as local commercial drivers. The programme accepts startups with innovative solutions from all sectors. Over the next three years, Flat6Labs Bahrain is braced to support and invest in over 40 local and international startups, with two cycles of the program per year. The third cycle will commence in June and the deadline for applications is March 10th. This also marks Flat6Labs Bahrain’s 1 year anniversary of launching in the country, during which it has invested in a total of 16 startups, 8 of which being Bahraini. Over the course of its two cycles, Flat6Labs Bahrain has received over 500 applications, from over 45 countries. Flat6Labs is a regional startup accelerator programme and seed investment company that fosters and invests 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 has created an environment where entrepreneurs can advance their company in an incredible pace and a short period of time. Flat6Labs currently has accelerator programs and seed funds in Cairo, Jeddah, Abu Dhabi, Beirut, Tunis and most recently in Bahrain.