Flat6Labs showcases lineup of 6 technology enabled startups

Held with the support of Minister of Labor Adel Fakeih, the Flat6Labs Jeddah, founded by Qotuf Al-Riyadah, showcased an impressive lineup of six Saudi technology-enabled start-ups at its second Demo Day event.
Supported by Arabian Cement and IKEA’s corporate entrepreneurship responsibility (CER), the CER Program, Flat6Labs, Jeddah’s business accelerator was able to invest and mentor the Saudi teams, through a Silicon Valley style 90-day comprehensive entrepreneurship start-up program that was developed with their partners Flat6Labs Cairo.
The startup businesses included a well-diversified group of Saudi entrepreneurs, whose offering and services include the delivery of educational and career guidance programs, recruitment platforms, recycling and advertising solutions, localized gaming platforms, online cultural platforms and finally, cloud-based software solutions.
Commenting on the Demo Day, Fakeih said: “As Saudi Arabia’s leading private sector company that is building sustainable entrepreneurship in the Kingdom, Qotuf not only founded Flat6Labs Jeddah, the first of its kind business accelerator program in the Kingdom, but it also graduated 11 Saudi technology-enabled startup teams in less than 9 months.
In total SR 4 million was invested in addition to office space, company formation, legal advice, professional and technical advisory services and the provisioning of $170,000 in perks through its global accelerator network (GAN) partnership, whose membership includes the top 50 accelerators in the world.
Highlighting the success of Flat6labs Jeddah, Tuba Terekli, co-founder and CEO, Qotuf, said: “In order for entrepreneurship to grow, momentum needs to be created, stakeholders need to be aligned and resources must be made available. These are the building blocks that will support Saudi entrepreneurs to launch their businesses and which will lead to the creation of skilled and high quality job opportunities in the Saudi market. All these elements came together through Arabian Cement and IKEA’s CER program and Qotuf’s Flat6labs Jeddah, with the outcome being 11 Saudi-founded, technology-enabled companies in less than 9 months”.