Flat6Labs Cairo held its Seventh Demo Day event with 10 new startup companies graduating from the accelerator program’s 4-months-long cycle. The Demo Day, which was sponsored by MC Egypt, provided the startups hosted by Flat6Labs Cairo with the opportunity to pitch their ideas to a number of potential investors and business leaders.
The Spring 2014 cycle welcomed an exceptionally diverse group of entrepreneurs with businesses offering products and services in fields such as creative product design, renewable energy, agriculture and food solutions and mobile & web-based applications. The latest acceleration cycle played host to exciting guests and introduced the participating startups to entrepreneurs and leaders in a wide array of fields. The startup companies were exposed to business executives, technology innovators, corporate CEOs, social entrepreneurs, and journalists among others.
The Demo Day event was attended by the Flat6Labs mentors and staff, governmental representatives, reputed IT figures from the region, press and investors who were keen on witnessing the progress of the cycle’s startups. During this latest cycle of its accelerator program, Flat6Labs aimed to add value to the budding entrepreneurial ecosystem across the MENA region by announcing the expansion of their operations with the launch of Flat6Labs Abu Dhabi in partnership with TwoFour54. This announcement followed the launch of their Flat6Labs Jeddah operations in Kingdom of Saudi Arabia last year in partnership with Qotuf Al Riyadah.
This cycle’s startup companies were a diverse group which included several product manufacturers such as Reform Studio which specializes in handmade fabrics, Sunergy which provides renewable energy solutions, KhObz which manufactures automated machinery to create traditional Egyptian bread, Telecosys which delivers software solutions for telecommunication companies and Farminal which offers technology solutions for dairy farms. Among the startup companies were many with a focus on web-based and mobile applications including Tamreeni, an online Arabic fitness community, Mapture which provides geo-related data, LocName which provides short and unique name for addresses, which can easily be shared with friends & clients, Codly which accelerates software development process for mobile app developers and Ennota.com, which offers affordable financial software solution for SMBs in MENA.
Ramez Mohamed, CEO of Flat6Labs stated, “The level of diversity and specialization present among this cycle’s startup companies speaks volumes for the future of this country and the importance and power of its innovative youth.” He added, “We are very pleased to actively take a part in driving the regional entrepreneurial scene with the collaboration of our partners across the MENA region.”
Over the past three years, Flat6Labs has actively led to the creation of 36 companies with more than 320 jobs created and having welcomed more than 120 entrepreneurs through its doors. The presence and activities of entities such as Flat6Labs in Egypt signifies the continued growth and innovation across the country and their expansion across MENA highlights the growing trend of the youth taking the reins on innovation and positive change.
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