In collaboration with SIAC and Dar Al-Handasah, Flat6Labs, a renowned seed and early-stage venture financing firm with offices in Cairo, has introduced the “Makers” ConTech Accelerator Program.
Selected startups will receive up to US$100,000 in funding as well as access to pilot projects, industry experts, mentorship, business training, one-on-one consultations, coaching sessions, networking opportunities, and essential resources as part of the 12-week “Makers” ConTech Accelerator Programme, the first-ever construction-focused accelerator program in the Middle East.
The new program was launched in response to Makers’ first pre-accelerator program, which ran in early 2023 and sought to promote innovation in the construction industry by connecting and engaging with numerous industry stakeholders with in-depth knowledge and thereby creating sustainable innovation ecosystems for resolving construction-related challenges within SIAC, Dar, and the industry at large.
Nine of Egypt’s most cutting-edge ConTech firms, including Reblox, Tawredaat, AION Innovation, Masafa, HomeLab, A.D Innovations, Makinahub, and JEEZAR, graduated from the pre-accelerator program. With the launch of the new accelerator program, Flat6Labs hopes to continue supporting emerging companies in the field of building technology. The program will initially concentrate on Egyptian business owners before moving on to Saudi Arabia and then the rest of the MENA region.
“We are ecstatic to carry on our superb partnership with SIAC and Flat6Labs to hasten the change of the building industry. We think that the program will encourage innovation in the construction sector and cultivate IT talent, giving them the chance to present their cutting-edge ideas and collaborate with other leading companies to commercialize them. “We are interested to see what the chosen startups will contribute,” said Faysal Shair, Dar’s head of digital solutions.