The new premise of the accelerator is located on the 15th floor of the National Bank of Bahrain (NBB) tower. Flat6labs promises to serve Bahraini startups and entrepreneurs on two fronts. First, the new premise will be used by Flat6Lab entrepreneurs as an office, in addition to which, it will also be used as a hub for the country’s startup ecosystem where developer groups can meet and hold presentations and workshops.
Speaking on the impact the new office will likely make on the community, Ramez El-Serafy, CEO of Flat6Labs, said: “The opening of our Bahrain office serves as a key destination for bringing together partners from across all fields to interact, support and assist in the evolution of startups. Our state of the art office space has been designed to encourage and facilitate interaction and productivity, giving startups the opportunity to work dynamically side by side with others.”
Meanwhile, Tamkeen’s CEO Dr. Ebrahim Mohammed Janahi promised that his organization will provide all possible assistance to Flat6Labs Bahrain in its efforts to reduce the obstacles faced by the country’s emerging businesses. “As the world moves towards significant economic transformation, with new needs and different obstacles, Tamkeen is committed to meet the demands of a new market,” he added.
Worth noting here is that since its launch earlier in 2018, Flat6Labs Bahrain has received more than 150 applications from startups across the world, of which, it accepted eight for its inaugural cycle. The eight startups were handpicked from multiple sectors including gaming, e-commerce, education, healthcare, hospitality, and more. They will now undergo a comprehensive 16-week mentorship-driven program, designed to help the participants transform ideas into investment-ready ventures. Each of the participating companies is now entitled to a cash seed funding worth $30,000 in addition to other perks.