Flat6Labs Jeddah fosters and invests in bright and passionate Saudi entrepreneurs with cutting-edge ideas. Launched in 2013, Flat6Labs Jeddah assists and encourages entrepreneurs throughout the critical first steps of development. The target for the accelerator program is to graduate 15 successful and scalable startup businesses each year.
After reviewing all submitted applications, we select 20 of the best ideas to attend a 5 day bootcamp. The goal by the end of the bootcamp is to have each team accomplish three main tasks: 1) Finalize their concept, 2) Finalize their business model, 3) Prepare their pitch for investors. Based on each teams pitches by the end of the bootcamp, our selection panel selects a final 6-8 teams to join the upcoming cycle.
The criteria for applying to Flat6Labs Jeddah:
– The applicant must be fully dedicated to the duration of the 4 month program.
– The applicant (founders) should be Saudi nationals
– The applicant should be based in Jeddah during the 4 month program period.
Once a team is selected to join the Flat6Labs Jeddah Accelerator program, they receive seed-funding (50,000-80,000 SAR), strategic mentorship, office-space, a multitude of perks and services from partners (over $300,000+), and entrepreneurship-focused business training and workshops. We support our startups through a vast network of entities, educational institutions, advisors, coaches and investors.