CPISPAA and Flat6Labs in Bahrain launch 2021 Innovation Challenge with 10 Teams

The four-week program is run by the Crown Prince's International Alumni Association (CPISPAA) and Flat6Labs in Bahrain

  
CPISPAA and Flat6Labs in Bahrain launch 2021 Innovation Challenge with 10 Teams
  • Students will gain startup experience through workshops, mentorship, and hands-on learning 

Manama, Bahrain: The Crown Prince’s International Scholarship Program Alumni Association (CPISPAA) and Flat6Labs, the Middle East and North Africa (MENA) region's leading seed and early-stage venture capital firm, launched their annual Innovation Challenge. The Challenge aims to support Bahrain’s vision to develop highly-skilled and talented entrepreneurs and to strengthen the entrepreneurship ecosystem. The four-week program, which runs until the 13th of July, equips 23 students and recent graduates with valuable skills that will support their future entrepreneurial careers and ambitions.  

The students joining the program are from the American University of Bahrain, Bahrain Polytechnic, University of Bahrain, and other universities and boarding schools in the US, UK, and GCC.

The program will be conducted virtually. Students will receive mentorship and guidance for four weeks from experienced startup founders to enhance their skills.

“Practical startup skills are instrumental in today’s world for students and fresh graduates. Flat6Labs is happy to partner with CPISPAA to develop students’ ideas into tangible, sustainable products that will create impact,” said Saleh Abbas, Managing Director of Flat6Labs in Bahrain. “As regional leaders in the startup ecosystem, we are confident that the Innovation Program will provide students with the foundations of entrepreneurship and embed valuable design thinking, problem solving, and pitching skills.”

Mahmood Abdulla, President of CPISPAA, said: “CPISPAA is committed to developing talent and supporting the youth in Bahrain. Through this rigorous program crafted with Flat6Labs, the Innovation Challenge serves the most ambitious of students and fosters the next generation of startup founders in Bahrain.”

CPISPAA launched in 2019 with a goal of mobilizing CPISP Alumni to support Bahraini youth through educational events, professional workshops, and networking events.

Flat6Labs launched in Bahrain in 2018 and has invested in 50 startup companies. The company recently announced in a statement that it has successfully created over 200 jobs in the Kingdom of Bahrain.

About Flat6Labs

Flat6Labs is the MENA region’s leading seed and early stage venture capital firm, currently running the most renowned startup programs in the region. Annually, Flat6Labs invests in more than 100 innovative and technology-driven startups enabling thousands of passionate entrepreneurs to achieve their daring ambitions and ultimately becoming their institutional co-founders.

Flat6Labs manages a number of seed funds with a total AUM in excess of $85M. More than 25 leading institutions have invested into the Flat6Labs managed funds; believing in the asset class and Flat6Labs’ proven track record as the market leader.. Flat6Labs provides a wide range of investment ticket sizes ranging from $50K to $500k, supporting startups through their early journeys from Pre-Seed all the way to Pre-Series A stages. Alongside to the investments, Flat6Labs’ exceptional startup programs, executed to cater specifically for the needs of the innovative entrepreneurs, helps them accelerate their growth by providing them with a plethora of support services and connecting them to unparalleled opportunities with an expansive network comprising hundreds of business mentors, investors and corporates.

Launched and headquartered in Cairo since 2011, Flat6Labs has multiple offices across the region; with ongoing plans to expand into other emerging markets.

For more information, visit www.flat6labs.com 

About CPISPAA

CPISPAA is the alumni association of the Crown Prince's International Scholarship Program (CPISP). CPISPAA's goal is to build a community of CPISP Alumni to support Bahraini youth through educational events, professional workshops, and networking events.

For more information, please visit: https://www.cpispaa.com/ 

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.


More From Press Releases