Flat6Labs Tunis celebrates its fifth Demo Day
Flat6Labs Tunis is proudly celebrating its fifth Demo Day on Wednesday May 13th, 2PM Tunis time/1PM GMT online, with 8 innovative startups presenting their businesses to hundreds of registered attendees.
The fifth cycle includes startups operating across a range of industries including Industry 4.0, Automotive, Marketplaces, Robotics, Education, FinTech, and Tourism. All startups have technology at their core and ready to showcase their products to potential investors, media, and the larger business community.
During the past 3 years of operations, the startup accelerator and investment fund have reached many important milestones that include supporting its portfolio by securing follow-on funding, creating jobs, increasing awareness about entrepreneurship, and supporting startups across the local ecosystem in Tunisia.
After receiving more than 1,500 applications to its flagship accelerator, 36 Tunisian Startups graduated from the program with an initial investment of 200,000 TND, in addition to technical perks, rigorous training, coaching, access to an extended network of investors that enhanced their business development and their products and services.
Moreover, the accelerator played a major role in inspiring young people towards entrepreneurship by engaging with the community and partnering with local universities and professional organizations with a major focus on entrepreneurship such as Open Startup Tunisia and Enactus, as well as corporates like E&Y and Meubles Intérieurs.
Flat6labs Tunis also organized large events such as Startup Open Doors which gathered more than 100 startups across the country during the Global Entrepreneurship Week. Flat6Labs also hosted a Job Fair in collaboration with the Facebook Developers Circle where 35 startups offered more than 100 jobs to 500 participants. And last year, Flat6Labs Tunis launched the Investor Academy, an initiative focused on creating awareness about investment in innovation and startups specifically focusing on Business Angels.
The accelerator has strategically worked to expand its network by constantly promoting new partnerships with stakeholders in the public and private sectors. Its main partners are Meninx Holding, the Tunisian American Enterprise Fund (TAEF), BIAT Bank, as well as the International Financial Corporation (IFC) who joined the fund last year. The recent partnership with IFC includes an investment of $1M in the Anava Seed Fund managed by Flat6Labs Tunis to encourage women and youth initiatives, in addition to technical support to the accelerator.
With Mawdoo3, Jamalon, and HyperPay raising a combined $33M in total funding in 2019, it was a record year by funding for the Jordanian startup ecosystem. Learn more about one of MENA's oldest ecosystems in our 2019 Jordan Venture Investment Report.