Cairo-Based Startup Accelerator Expanding to UAE, World
The Arab Spring revolutions in January 2011 sparked a spirit of entrepreneurship in the Middle East and North Africa region. Art collectives formed, startups popped up, and innovation flowed. One particular startup accelerator, Cairo’ Flat6Labs, began as a result of the revolutions, and today it is a thriving, well-known brand across the Arab world.
According to the Wall Street Journal:
The accelerator has invested and mentored 57 startups, and has expanded to Jeddah. On Tuesday evening in Cairo at an investor demo day for its latest 10 startups, Flat6Labs announced a partnership with Abu Dhabi’s media zone TwoFour54 to create another chapter in the United Arab Emirates.
Though Flat6Labs will accelerate local startups in the UAE, its main goal is international investment from its new location. Click here to read more about its outlook from the Wall Street Journal.
Written by Sonja Trierweiler, social media specialist and blogger on the Middle East.