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Tech Entrepreneurship Support initiative

You can apply to the initiative through this success partner and many others

Initiative Success Partner

Flat6Labs

Flat6Labs is the MENA region’s leading seed and early-stage venture capital firm, currently running the most renowned startup programs in the region. Annually, Flat6Labs invests in more than 100 innovative and technology-driven startups enabling thousands of passionate entrepreneurs to achieve their daring ambitions and ultimately becoming their institutional co-founders.

Why us?

 

 

What you will get

  • Initial cash funding of SAR 500K
  • 4 months program managed by a dedicated team and designed to reduce the administrative costs of operating in the KSA market via shared services leveraging economies of scale, to allow companies speed their business cycle while increasing their chances of success, and follow-on funding.
  • The program’s training course will also instill best practices and discipline focusing on areas such as revenue growth strategies, governance practices, access to funding sources, and operations optimization.

Our value proposition

  • Follow-on funding for up to SAR 2.7 million
  • Full time dedicated staff
  • Company incorporation and legal support
  • Shared office space with full admin support
  • Demo Day, events and access to investors
  • Exposure and marketing services
  • Business development support
  • Access to 500+ local and international mentors and a globally competitive training program
  • $300K in startup perks and services
  • Access to international landing programs for global market access

Eligibility Criteria

  • A full business brief and competition analysis.
  • A minimum of 2 founding team members with at least one team member who is experienced in the company's underlying operations (e.g., lending-focused FinTechs - credit underwriting background, SaaS software providers – experienced developers/software sales, etc.)
  • Scalable business concept with high growth potential.
  • The intention to establish a significant presence (i.e., founders, management, and key operations) in Saudi Arabia.