Flat6labs Bahrain to invest in 40 startups

Manama : Newly launched Flat6Labs Bahrain, a startup accelerator programme, will invest in more than 40 local and international startups and entrepreneurs over the next three years.

Launched on Thursday by Flatl6labs in partnership with Tamkeen, Flat6Labs Bahrain intends to choose startups from the following sectors: Financial Services and Payments; Education; ICT and Electronics; Mobile Apps and Games; B2B Infrastructure Services; Healthcare; Tourism; Real Estate Technologies and Hardware and Industrial Solutions. 

Each of the selected startups, according to  Flat6Labs Bahrain, will receive US$30K in cash seed funding and a 16-week mentorship-driven accelerator programme. 

The programme will immediately register companies and help its founders turn their ideas into investment-ready companies. 

“We’re thrilled to launch Flat6Labs Bahrain as it marks our sixth chapter in our expansion within the MENA region,” said Ramez El-Serafy, CEO of Flat6Labs.

He added: “It is such an exciting opportunity to bring Flat6Labs’ proven accelerator programme and expertise brought forward by the acceleration of more than 140 startups in over than 20 cycles across the MENA region since 2011.”

The new accelerator programme, El-Serafy said, is set to provide Bahrain’s startup scene with a steady flow of innovative, exciting and most importantly investment-ready startups with the active support of our friends and partners at Tamkeen. 

Commenting on the move, Dr Ebrahim Mohammed Janahi, Chief Executive of Tamkeen said, “At Tamkeen, we seek to keep pace with the dynamic changes in the economy, and design the most appropriate solutions in line with the opportunities and challenges in the labour market.”

“Flat6Labs aims to utilise its expansive regional network to attract innovative founders from Bahrain, the region and beyond to provide the Bahraini innovation economy and venture capital industry with a steady pipeline of high-impact entrepreneurs with well-developed concepts and a thorough business training,” Flat6Labs stated.