The Cairo-based Flat6Labs, a leading seed and early-stage venture capital firm, has launched the “Makers” ConTech Accelerator Programme in partnership with SIAC and Dar Al-Handasah.
The 12-week “Makers” ConTech Accelerator Programme, the first-ever construction-focused accelerator program in the Middle East, will provide select startups with 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 to cultivate and scale their businesses.
The launch of the new programme follows Makers’ first pre-accelerator program, which ran in early 2023 and which aimed to promote construction industry innovation through connecting and engaging with various industry stakeholders with extensive expertise, thereby creating sustainable innovation ecosystems for resolving construction-related challenges within SIAC, Dar, and the industry at large.
The pre-accelerator programme graduated nine of the most innovative ConTech startups in Egypt – including Reblox, Tawredaat, AION Innovation, Masafa, HomeLab, A.D Innovations, Makinahub, and JEEZAR. With the launch of the new accelerator programme, Flat6Labs intends to provide ongoing support to construction technology startups. The programme will initially focus on Egyptian entrepreneurs, before expanding to Saudi Arabia and subsequently to the wider MENA region.
“We are thrilled to continue our exceptional collaboration with SIAC and Flat6Labs to accelerate the transformation of the construction industry. We believe that the programme will promote innovation in the construction industry and foster talents in construction tech, empowering them to showcase their innovative solutions and work alongside industry leaders to bring those solutions to the market. We are looking forward to seeing what the selected startups will bring to the table,” said Faysal Shair, head of digital solutions at Dar.