Flat6Labs, Tunisia’s first accelerator has been accepting applicants for the past two months, and now it’s officially ready to open.
Flat6Labs is working in Tunisia with the support of several investment companies: Meninx Holding, the Tunisian American Enterprise Fund (TAEF) and the International Arab Bank of Tunisia (BIAT). Flat6Labs received $8 million worth of funding, which the accelerator is going to use to provide a program over 10 cycles for five year to support Tunisian startups.
Yehia Houry, director of Flat6Labs in Tunisia said: “We have received more than 230 applications, there will be six to eight startups per cycle supported by the program. It’s true that when we evaluated needs on the ground, startuppers talk to us about more money than anything else, but our four-month program offers real support in the form of coaching, mentoring, legal support and expanding outside the country through our global network”
For more information about Flat6Labs, read here.