Leading regional venture capital firm, Flat6Labs, has joined forces with SIAC and Dar Al-Handasah (Shair and Partners) to introduce the “Makers” ConTech Accelerator Program. This groundbreaking initiative marks the Middle East’s inaugural accelerator program exclusively dedicated to construction technology startups.
Designed to catalyze innovation and transformation in the construction domain, the “Makers” ConTech Accelerator Program will extend substantial support to carefully selected startups. With funding potential of up to $100,000 per startup, participants will gain invaluable access to pilot projects, industry veterans, mentorship, intensive business training, personalized consultations, coaching sessions, networking platforms, and indispensable resources. This 12-week program will recruit startups showcasing exceptional promise, driven founders, and innovative products, ideally at the MVP level or beyond.
This venture follows the success of Makers’ preliminary pre-accelerator program earlier this year, fostering a robust culture of innovation within the construction sector. The initial program facilitated a nexus between industry stakeholders, yielding constructive dialogue and solutions to pertinent challenges. Among the pre-accelerator graduates were pioneering ConTech startups like Reblox, Tawredaat, and AION Innovation.
Flat6Labs’ visionary trajectory aims to consistently empower construction technology startups, prioritizing Egyptian entrepreneurs initially and progressively expanding to Saudi Arabia and the wider MENA region.
Commenting on this program, Faysal Shair of Dar expressed excitement, saying: “We are thrilled to continue our exceptional collaboration with SIAC and Flat6Labs to accelerate the transformation of the construction industry. We believe that the program will promote innovation in the construction industry and foster talents in construction tech, empowering them to showcase their innovative solutions and work alongside industry leaders to bring those solutions to the market. We are looking forward to seeing what the selected startups will bring to the table.”
Seif Ragab, Deputy CEO at SIAC, echoed this sentiment, noting, “We are proud to be a part of the journey towards digitizing the construction industry and unlocking more opportunities and potential for ConTech startups in Egypt. The digital revolution of the construction industry is becoming more crucial than ever and we are excited to capitalize on this momentum and make major leaps. We are confident that the expansion of this program would essentially help the growth and development of the region’s constructing industry.”
As for Yehia Houry, Chief Programs Officer at Flat6Labs, he stated:”We are excited to announce the launch of an accelerator program in collaboration with SIAC and Dar Al-Handasah, with the hope that it will serve as a conduit for the development of cutting-edge innovation while driving growth and opportunities for promising startups. We are proud of the success of the pre-accelerator program, and we believe that Makers will have a significant impact on the construction industry in Egypt, and eventually across the Middle East.”
In an industry where innovation can lag, Makers aspires to accelerate the adoption of groundbreaking solutions, ensuring construction thrives in the digital age while carving a sustainable and efficient path forward.