Flat6Labs Abu Dhabi's first graduates (Images via Pamela Kesrouani)
Seven startups from all corners of the globe flaunted their wares over the weekend as the first graduates of Flat6Labs Abu Dhabi and offered a visual cue to the accelerator’s global ambitions.
The startups at the inaugural Demo Day on June 3 came from the UAE, Russia, Italy, Senegal, Egypt and India. They were pitching their ideas to business executives and local investors, but were also walking advertisements of Flat6Labs Abu Dhabi’s goal to support a wider pool of entrepreneurs.
Unlike the Flat6Labs accelerators in Jeddah and Egypt, the Abu Dhabi arm is intended to attract entrepreneurs from around the globe, rather than only cater to local needs.
“In Abu Dhabi, we accept startup applications from all over the world,” managing director Nina Curley told Wamda. “The programs we offer can be considered international. The situation is different in Jeddah, where we focus on Saudi nationals, and in Cairo, where our main focus is the Egyptian market.”
The accelerator is located in the tax-free media zone twofour54, which gives the program the international exposure it seeks, Curley said.
Shortlisting and mentoring
Curley said selecting the first seven teams was not easy.
“We received more than 220 applications, out of which 80 were short-listed for a Skype interview before choosing 17 to pitch their ideas, and finally, seven (were chosen),” she said.
They ranged from education startups to innovators in ecommerce and hardware, and received seed investment of $30,000-50,000 - a solid head start for companies that will need anywhere between $200,000 and $600,000 to reach growth stage.
Flat6Labs also covered visa requirements, startup costs and ongoing support in exchange for 7-10 percent equity.
This size equity stake is around the international standard, Curley said, a feature that designed to attract startups to settle in the UAE.
Nina Curley during the Flat6Labs Abu Dhabi Demo Day
Meet the grads
Wamda met the excited graduates, who said the intensive mentoring, networking, business planning and exposure to the UAE ecosystem had added to, or changed, their original idea.
Unnyhog: A Russian game development company that wants to change the gaming world with its first free multi-device game, Unnyworld.
Pavillion33: An e-commerce platform that plans to give art-lovers the opportunity to buy, sell, trade and borrow artistic pieces from new markets, with a focus on African and Middle Eastern art.
Githelp A platform that developers can use to get help with their programming obstacles and share experiences with others.
Kikabo: An Italian education platform that uses apps and animated cartoons to make learning fun for children.
Flip Technologies: A hardware development company from India whose first product, smart skateboard RideBlock, was designed for first-time skaters to learn and improve on this sport.
Sakkini: A comprehensive property-search platforms that helps users make smart decisions about homes for sale or rent.
Washmen: A laundry-service app with competitive prices and punctual delivery services.
So what’s next? Flat6Labs plans include expanding to a more diverse range of applicants, especially UAE nationals, expanding to Beirut and launching an app-development initiative for college students in UAE.