New Startup Accelerator
Flat6Labs Bahrain is a new startup accelerator supported by Tamkeen with the aim of accelerating and launching both local and international Startups in the Kingdom of Bahrain.
THE PROCESS
Interviews
Bootcamp
Selection
Committee
Company
Registration
Cycle Program
Demo
Day
Growth
Interviews
2 months before the cycle starts
Flat6Labs receives hundreds of applications every cycle. Once the application period has ended our internal management team will review every application carefully (using a defined framework we have created) and select the best applicants to be called for a 30 minute interview.
This is to get to know the founders and understand who they are, why they are building a company, how well they know their market, and what problems they have identified.
Bootcamp
5 weeks before the cycle starts
In this stage we narrow down the 100+ founding teams to about 20. The selected teams will attend a 5-day Bootcamp. This Bootcamp is designed as an intensive workshop for each team to work on developing and testing their business models further and for us as an Accelerator to better understand their businesses in more detail.
It also serves as a very important filter for identifying founders who we believe have what it takes to “make it in the real world.”
Selection Committee
1 month before cycle starts
By the end of the 5-day bootcamp, each team will pitch their businesses in front of the selection committee who then select the final teams to be accepted into the cycle. The selection committee is a diverse group of partners, industry experts, entrepreneurs, mentors, and investors all from our close network who come out with the final decision on each team.
Company Registration
Before cycle starts
This is where the selection process ends and we start the on-boarding process which includes signing term papers, company registration, legal agreements and due diligence. We help handle this entire process for each selected team, ensuring that everything is clear and concise to our Startups. Upon completion the Startups will be able to begin operating as a fully-fledged incorporated business.
Cycle Program
4-month program
This is when the program cycle begins and each team works restlessly over the next 4 months developing their core business model, building a prototype, and acquiring customers. During the cycle, each team has access to our network of mentors, investors, consultants and experts as well as a creative co-working office space in Bahrain NBB Tower and many perks and services from our partners.
Demo Day
By the end of the cycle
Demo Day is an invite-only event held at the end of every cycle, and is generally the first opportunity for investors to meet our promising startups. After 4 intense and constructive months of acceleration, the teams are ready to pitch to VC’s, Angel Investors, Mentors, Partners, and the Media.
Growth
After the program
After Demo Day Flat6Labs will continue to support the startups through its network in addition to continuous access to perks, workshops and more.
Offerings
Through its expansive, wide-reaching network and numerous partnerships, Flat6Labs Bahrain will also provide entrepreneurs with seed funding, strategic mentorship, office space, a multitude of perks and services from entrepreneurship-focused business training and development workshops, all of which have been specifically tailored to address each startup's specific needs to be investment-ready within four months.
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Seed Funding
Seed Funding
For each startup we select, we invest up to $32K in cash funding in exchange for minor equity in the company (5-10%). This seed funding is to help startups cover their early expenses during the program and to help define their product, develop their core application, and commercialize their enterprise
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Mentorship
Mentorship
Our entrepreneurs get access to 300+ local and international mentors throughout the 4 months, linking each team with established mentors & experts in their field. Mentorship includes guidance with industry trends, entrepreneurial experience, business challenges, technical issues, and investor relations
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Investors & VCs
Investors & VCs
Given our expansive network of investors and VCs across the MENA region, as a Flat6Labs Bahrain startup you will get the direct opportunity to get exposed to these firms for more funding opportunities.
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300K+ In Perks
300K+ In Perks
We provide our startups with over $300K in perks and benefits, providing our entrepreneurs with some of the best resources available to build their companies. As a member of the Global Accelerator Network and various other partnerships, all of our startups get to take advantage of significant perks from organizations like Microsoft, PayPal, Amazon Web Services, and more.
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PR & Media
PR & Media
Media coverage and outreach for a budding startup is essential for its growth, that’s why we are keen to put our startups in the limelight as frequently as possible.
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Coworking Space
Coworking Space
Accepted startups participate in our 4 months of incubation and benefit from hands-on support by a full time dedicated and experienced team, for the duration of each cycle our Startups will have 24/7 access to our modern well equipped co-working space along with some of the best views in the country. We strongly believe in the concept of a co-working space as it creates a collaborative and flexible working style that is based on mutual trust and sharing of common core objectives and values between our entrepreneurs.
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Legal Support
Legal Support
Getting good legal advice can be costly and time-consuming for any startup. That’s why we have a team of lawyers specialized in dealing with startups, to provide our entrepreneurs with legal consultation, support, and services
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Commercial Registration
Commercial Registration
Creating a company as a legal and operating entity can be daunting, confusing, and out right time-consuming. Right after joining Flat6Labs Bahrain, we register and incorporate our startups and handle all things necessary required to start a business.
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Network & Exposure
Network & Exposure
It’s hard to build a successful business, and it’s even harder if you’re not plugged into a community of people who can become mentors, partners, investors, developers, customers and friends. Our ever-expanding network is the backbone to our entire program. Our relationship with various local and international industry experts, companies, CEO’s, managing directors, academic institutions, innovators, media and more has led to a vast web of support and expertise that we tap our entrepreneurs directly into.
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Business Training & Coaching
Business Training & Coaching
We provide our startups with executive coaching engagements, linking the teams with specialized subject matter experts majorly in the fields of technology, customer development, lean startup, go to market, and startup scaling. We offer a consistent and tailored series of one on one capacity building sessions according to the needs and deliverables of each phase throughout the cycle.
Accelerator Program
Mentors
Questions?
Can’t find an answer? Email us at Bahrain@flat6labs.com
Table of Contents
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How many startups do you invest in each year?
We invest in 6 to 10 startups per cycle and we have 2 cycles each year, so we invest in up to 20 startups per year.
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Do you accept international startups?
Yes, we accept both local and international startups.
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