Flat6Labs Celebrates Graduation of 10 Startups in Riyadh
This event marked the culmination of the second cycle of the Riyadh Seed Program, a venture designed to nurture and support emerging businesses in KSA.
Riyadh hosted the graduation day of 10 startups from Flat6Labs on the second demo day, held on Monday, January 22nd.[1]
This event marked the culmination of the second cycle of the Riyadh Seed Program, a venture designed to nurture and support emerging businesses in Saudi Arabia.
The Riyadh Seed Program by Flat6Labs provides startups with valuable resources and opportunities to enhance their products and services.
Key features of the program include:
Cash Funding: Startups receive a cash injection of $133,313.
Additional Funding Opportunities: The potential to secure additional funding of up to $639,905.
Networking and Investor Access: A vast network of investors and partners at local and regional levels facilitates crucial connections for the startups.
Legal Support: Assistance with legislative procedures is provided to streamline legal processes.
Market Expansion Opportunities: Startups are presented with opportunities to expand into new markets, both within and outside the Kingdom of Saudi Arabia.
Moreover, the support provided by Flat6Labs doesn't conclude with the program; it provides continued growth through events and networking sessions.
The 10 startups that successfully graduated from the second cycle of Flat6Labs represent a diverse range of industries and innovative solutions:
Blomal: A crowdfunding platform specializing in private alternative investments, connecting investors with a variety of investment funds.
ClearForce: A trusted partner for customs clearance solutions, streamlining the passage of goods across borders.
Dawafast: Revolutionizing pharmacy essentials access with a straightforward solution for users.
Darent: A prop-tech startup providing a daily local living experience with seamless technology.
iStoria: Offering an enjoyable way to learn English through captivating stories, providing an affordable and convenient language development solution.
NUZUL: Empowering the real estate sector with integrated digital solutions, driving digital transformation.
Swarm Robotics: Focused on robotics software services and turn-key solutions for intralogistics optimization and automation.
Tmyyoz: A leading online educational platform offering resources for students, enhancing the learning experience.
UDAWI: Providing discounted healthcare services equivalent to those obtained by major insurance companies.
Waada: An insurtech startup with a mission to empower Pakistan with simple, affordable, and accessible insurance.