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Flat6Labs Is Seeking The Next Big Levant Region Startups

The program will focus on women, minorities, and internally-displaced entrepreneurs.

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flat6labs is seeking the next big levant region startups
Flat6Labs

Flat6Labs, the MENA venture capital and accelerator, hopes to boost underserved demographics based in Jordan, Lebanon, Iraq, and the Levant region. Announced this week, Flat6Labs’ program will focus on women, minorities, and internally-displaced entrepreneurs.

Open to people aged 18-45, Flat6Labs is searching for entrepreneurs in “education, fintech, financial inclusion, healthcare technology, agriculture, environment, and information and communication technology”.

The program will comprise three main tracks: StartMashreq Academy, the Growth Support Program, and the Incubation program, with the latter featuring interactive sessions, seminars, training courses on specialized topics, and articles from leading regional experts.

Also Read: Nearly All Saudi Gen Z & Millennials Will Be AR Users By 2025

“The Arab world, and the Levant region in particular, has always been full of promising young people with big ambitions. Unfortunately, many of the youth in our region lack access to the tools, resources, and opportunities they need to succeed. Through this initiative, we hope to inspire an entrepreneurial movement and provide the tools and resources necessary to nurture that movement,” says Yehia Houry, Flat6Labs Chief Programs Officer.

For the startup incubation part of the program, four cycles will take place, helping participants to build business plans and growth strategies, along with various mentorship sessions.

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NASA Forms New Partnership With Saudi Space Agency

The pair will collaborate on the Center for Space Futures, advancing space tech by bringing together public and private stakeholders.

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nasa forms new partnership with saudi space agency
Saudi Space Agency

Saudi Arabia’s space industry is on the brink of substantial expansion after generating $400 million in revenue in 2022, according to a report by the Saudi Communications, Space and Technology Commission.

Now, in a new venture with NASA, plans for a “Center for Space Futures” are set to further drive the Kingdom’s aspirations of becoming a leading player in space exploration and technology.

The partnership between NASA and Saudi Arabia goes beyond economic advantages. The pair have already cooperated on preliminary work for the Artemis II lunar mission, which is slated for a September 2025 launch and aims to land astronauts near the moon’s South Pole.

Also Read: Plans Underway For Massive Middle East Autonomous Freight Network

During a visit to the capital, Riyadh, NASA Administrator Bill Nelson emphasized in a TV interview the broader objectives of the collaboration, which encompass “returning to the moon and then [to] Mars” while utilizing space exploration to glean important insights into climate change. The NASA spokesman also reiterated the space agency’s dedication to collaborating with Saudi Arabia on other future ventures.

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