Cairo - Eight high growth potential startup companies fostered by Flat6Labs will be participating in the second MENA Angel Investors Summit, due to take place in Bahrain on May 11, 2015. The summit, hosted by Tenmou (Bahrain's first ever Business Angels organization) aims to provide a platform that will empower angel investors from across the MENA region and around the globe by connecting them with new and innovative entrepreneurs.
Flat6Labs is launching these startups at a time when entrepreneurship possibilities in the region are booming. The eight startup companies that have been selected from the Flat6Labs Cairo, Abu Dhabi and Jeddah offices to participate in this year's summit are:
● Flip Technologies (UAE): A specialized device and application service that develops activity trackers for action sports, aiming to digitize and quantify the activities performed.
● Sakkini (UAE): A property portal that empowers consumers with information and tools to make smart decisions about properties offered for sale and up for rent.
● Pavillion33 (UAE): A curated marketplace for fine art from the Middle East and Africa.
● Coterique (Egypt): An e-commerce platform selling high end international designer products by collaborating with offline boutiques that already stock them.
● LocName (Egypt): A web and mobile application that gives a short, unique name for your address, which you can then share easily within seconds.
● Simplex (Egypt): A service that offers simple industrial solutions. it's first product is a customizable computer numerical control (CNC) - an automated cutting and engraving machine.
● Codly (Egypt): A platform that accelerates mobile development time and facilitates the communication between designers and developers.
● Smartable (KSA): A communications platform that narrows the gap between education outputs and workforce skill requirements through best utilization of psychometric and aptitude exams, international dictionary of jobs.
Last year's MENA Angel Summit saw over 150 angel investors and more than 50 budding entrepreneurs from the MENA region, as well as from Europe and the United States, participate in the summit and share their experiences, creating a strong network of mentors and advisors that provided both support and expertise to the young entrepreneurs. As a result, the summit witnessed four regional agreements that were signed for more than BD 2 million.
By participating in the summit, Flat6Labsaims not only to create opportunities and provide support to the aspiring entrepreneurs participating, but also to bring their companies to the attention of top-notch investors that may potentially invest, assist, and mentor the selected participants to further their endeavors.
To date, approximately 50% of companies accelerated by Flat6Labs continue to receive funding from investors after graduation.
Flat6Labs' participation in the MENA Angel Summit supports its mission to promote and enhance it's graduate startups, as well as generate more entrepreneurial hubs in the promising and vibrant ecosystems in the MENA region. Flat6Labs also fulfills its mission by creating opportunities for recognition in Cairo, Abu Dhabi, and Jeddah and Beirut, with efforts for continued regional expansions across North Africa, the Levant and Turkey.
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About Flat6Labs
Flat6Labs is a regional startup accelerator program that fosters and invests in bright and passionate entrepreneurs with cutting-edge ideas. It provides seed funding, strategic mentorship, a creative workspace, a multitude of perks and entrepreneurship focused business training. In addition, it directly support startups through an expansive network of partner entities, mentors and investors. Flat6Labs has created an environment where entrepreneurs can advance their company an incredible pace and in a short period of time. Flat6Labs has had more than 60 mentors and speakers, in addition to more than 30 local, regional and global partners to cater to its entrepreneurs with over 7,000 hours of training over the past three years.
For Media Inquiries, kindly contact:
Mohammed Fathy
+201007774433
mfathy@oc.com.eg
© Press Release 2015
