Flat6Labs has proudly graduated their fifth cohort by conducting a digital demo day last Wednesday. This batch of 8 promising Tunisian startups walked through the in-depth 16-week program where the last leg was conducted remotely due to the global pandemic. The teams share a wide variety of skills and expertise – from Education, Industry 4.0, Robotics, fintech, Automotive, and tourism.
Based on an interview posted by MENAbytes, Yehia Houry, Managing Director at Flat6Labs Tunis pointed out how it’s an “incredible journey for the team and startups during the lockdown.” All teams had to prepare for their first Virtual Demo Day. Turns out the results were more than they bargained for given that they registered over 25,000 views from all platforms.
He also mentioned how they had to overcome the challenge of adjusting to remote working since March. They ensured they adopted the right tools and approaches that would keep the startups engaged and motivated despite the lockdown. Yehia went on further to disclose “a new virtual program” which they would rely on to adjust to their new circumstances. Flat6Labs invested $65,000 into one of the startups providing them with mentors, experts, and coaches as they continue their journey.
Since its formation, the North African accelerator has expanded its network by promoting partnerships with strategic stakeholders drawn across the private and public sectors. The main partners are BIAT Bank, Meninx Holding, and the Tunisian American Enterprise Fund (who joined in 2019). Their cooperation with IFC was followed by the release of a $1 million into Anava Seed Fund which offers technical assistance to youth and women-led initiatives.