During Flat6Lab’s Demo Day in Cairo, CEO Ramez Mohammed announced the accelerator’s partnership with fellow entrepreneurship hub Wamda. Wamda is a platform designed to empower entrepreneurs in the MENA region, taking a 360 degree approach to providing the support that entrepreneurs need, filling the gaps in the emerging MENA ecosystem via three primary platforms, its media arm at Wamda.com, the Wamda Capital Fund, and products and services that include the soon-to-launch Wamda Card.
The scope of the partnership between Flat6Labs and Wamda will boost entrepreneurship in MENA both in Egypt and across the MENA region. Given the Wamda Capital Fund’s focus on early stage investment, Wamda will provide follow-on investment for chosen Flat6Labs startups, following their receipt of investment after graduation from the accelerator. Wamda will also provide general support for graduates and will collaborate with Flat6Labs to host joint activities and events in Egypt and throughout the region.
Due to both company’s agendas to support early stage entrepreneurship, this partnership will prove synergetic on many levels.