Tech in Africa
ADQ, an Abu Dhabi-based holding company developed DisruptAD, a platform that unifies all the entity’s venture capital efforts onto a single platform. DisruptAD will partner with Flat6Labs in the launch of Flat6Labs Ignite, an AED 120 million program that supports early-stage companies with funding alongside other benefits such as mentorship and office space.
The new move is part of DisruptAD’s mission to support and develop over 1,000 startups in the next five years while creating a thriving community of fund managers, accelerators, and incubators across Dubai.
Flat6Labs Ignite will run for a three-year period and invest in 20 early-stage startups. Applications for the first cycle will remain up to April 30, 2021, giving participating companies access to seed investment worth AED 550,000, and follow-on funding worth AED 2 million.
You can apply for the Flat6Labs Ignite program here
Flat6Labs is the leading seed investor and manager of startup programs throughout the MENA region.
DisruptAD invests in startups and other venture capital funds while creating new incubators and accelerators that support the evolution of Abu Dhabi as a global startup hub. DisruptAD will target global innovators across markets such as North Africa, China, India, Southeast Asia, and the United States. The platform will work for hand in hand with companies that can benefit from ADQ’s focus in developing the areas of Food and Agriculture, Energy and Utilities, Mobility and Logistics, and Healthcare and Pharma.
