Bahrain’s leading start-up accelerator, Flat6Labs Bahrain has successfully completed its latest cycle, where eight promising start-ups participated in the four-month acceleration program and each received an investment amount of $32,000.
The sixth cycle received over 200 applications from more than 50 countries which were then filtered to a final list of eight startups, which consists of teams addressing problems with unique solutions across a variety of industries, including Prop Tech, Fintech, Entertainment, eCommerce, and Enterprise Software.
“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.”
The startups will be exhibiting their businesses in the accelerator’s Sixth Demo Day on the 23rd of February. The virtual event will premiere on YouTube and Facebook at 7:00 PM.
Established in 2018, Flat6Labs Bahrain has supported 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. It provides entrepreneurs with seed funding, strategic mentorship, office space, a multitude of perks and services from partners, and entrepreneurship-focused business training and development workshops, all engineered to prepare companies to be investment-ready within four months.