Flat6Labs Bahrain, one of the most active startup accelerators in Bahrain and the broader region, conducted its Second Demo Day at the National Theater in Manama last week. Like you would expect to see in an event of its stature, the turnout was huge and consisted of VIPs from all walks of life, prominent business leaders, government officials, and of course, investors.
The event saw eight Flat6Labs Bahrain graduates demonstrating their businesses and the value they have to offer to the region’s startup ecosystem.
These eight startups representing a diverse range of sectors including FinTech, EdTech, SaaS, e-Commerce, and F&B were handpicked from more than 200 applicants spanning 40 countries. So, yes, these are unquestionably some of the most promising startups the region has to offer.
The second cycle of Flat6Labs Bahrain’s accelerator program ran for four months during which the participating startups received intensive training and mentorship from a pool of world-class experts. The rewards are attractive too.
In addition to investment and financial assistance, the startups enrolled in the program were also provided with vital resources such as an adequate office space, free legal support, and registration in the Kingdom.
Acknowledging the significance of the help the program received from its partners, Flat6Labs Bahrain’s Managing Director, Ryaan Sharif, said: “We are grateful for the outstanding support from our partners Tamkeen & EDB, whose efforts have contributed to accelerating entrepreneurship in Bahrain and our work towards growing the local startup ecosystem.”
If all goes as per plan, Flat6Labs Bahrain intends to support and invest in at least 40 (or more) regional and international startups over the next three years. There will be two acceleration cycles each year during this timeframe. The next cycle in that roadmap is scheduled to kick off in June 2019.