Egypt-based venture capital firm, Flat6Labs, announced in a statement today, a partnership with North Star to hold a Demo Day — showcasing startups from the latest edition of the Flat6Labs Ignite Program — at this year’s edition of Expand, the increasingly popular startup event taking place at Dubai Harbour from 15 to 18 October 2023.
The event is set to start on 16 October on the Marketing Mania Stage (XMD), Hall 4, from 4pm to 6pm, Flat6Labs' Expand North Star 2023 Demo Day will feature seven startups from the VC firm’s most recent Cycle 5 cohort of its seed-funding and mentorship program, Ignite.
Founders will pitch their value proposition and business strategy to potential investors, in a bid to secure additional funding.
The companies being showcased cover a range of specialties, including HRtech, Foodtech, Healthtech, Enterprisetech, and Adtech. Among investors, attendees are expected to include representatives from the likes of Wamda, Aditium, MEVP, and Global Ventures.
The seven startups presenting pitches at the Expand North Star 2023 Demo Day have already raised seed funding anywhere between US$500,000 and US$1.5 million, and this platform will give them the opportunity to gain further follow-on funding.
Flat6Labs runs seed programs in seven countries in the region with total assets under management of more than USD 85 mn, as well as accelerators in Egypt, the UAE, and the KSA. Flat6Labs Egypt invested in 13 startups with a total value of EGP 33 mn (USD 1.3 mn) in 2022.
Flat6Labs has chosen UAE’s capital city Abu Dhabi as a base for its leading program to foster innovation in the UAE and beyond with technology and entrepreneurship.
The UAE has emerged as a strong technology hub for startups, accounting for an average of 60% of total MENA annual investments as well as 40% of the region’s top exits, it also ranks 16th out of 190 in the World Bank’s ‘Ease of Doing Business’ index.