Launching in 2016 in partnership with Le15, Flat6Labs Tunis is a startup seed program and an early stage fund aiming to help accelerate the growth of Tunisian startups’ and provide a steady pipeline to the rapidly growing Tunisian venture capital industry. Through its expansive and wide-reaching network and numerous partnerships, Flat6Labs Tunis will also provide Tunisian entrepreneurs with seed funding, strategic mentorship, office space, a multitude of perks and services from partners, and entrepreneurship-focused business training and development workshops, all engineered to prepare companies to be investment-ready within four months.
Flat6Labs Tunis is poised to create the next wave of entrepreneurs developing innovative solutions and applications, becoming a one-of-a-kind localized program harnessing & scaling innovation; effectively and swiftly contributing to the Tunisian ecosystem growth. The program welcomes ideas and startups working in innovation based and knowledge driven industries, including but not limited to; education, energy, transport, financial services, information and communications technology (ICT), electronics, manufacturing solutions, green technologies.
12 Weeks before cycle starts & lasts for 2 months
Startups can apply for the Flat6Labs Tunis program through the website and fill out a form via the F6S portal. The application window will be open for 2 months and the accelerator team will begin screening applicants for the next stage of selection.
Bootcamp lasts for 5 days
8 weeks before the cycle, 60 to 80 of the best teams will be invited for a 30 to 60 minute interview.
Based on interview results, about 20 to 25 teams will be selected to participate in a 5 day bootcamp. The bootcamp is designed as an intensive workshop for each team to work on developing and testing their idea further and for us to better understand their business in more detail. It also serves as a very important filter for identifying founders who we believe have what it takes to “make it in the real world.”
After the 5-day bootcamp, each team presents in front of a selection committee which will consists of members from Flat6Labs, and industry experts who will select the final teams to be accepted into the cycle. Up to 8 teams will be selected to begin the 14 week program.
Cycle Starts January 2018
Each accepted company will start the onboarding process with company registration. Flat6Labs Tunis team will help the startup teams begin operating as a fully-fledged incorporated business by helping them with signing term papers, company registration, legal agreements, and lightweight due diligence. After this point, you are ready to begin operating as a fully-fledged incorporated business.
After teams receive orientation and are setup, they gain access to mentors & begin training. They then spend the first month of the program building and iterating the minimum viable product. The second month of the program focuses on market access where teams enter the market, begin acquiring customers & measure response. By the third month of the program teams are growing their company and analyze data to decide if they will pivot or proceed.
At the end of the 14 week program, a Demo Day is held giving the companies the opportunity to pitch in a room full of accredited VC’s, angels, investors, entrepreneurs, mentors, partners, and the media.
In partnership with Le15 intiative, Flat6Labs plans to launch a seed fund and accelerator program in Tunis.
Offering support to 75+ Tunisian startups over 5 years through the Flat6Labs leading accelerator program. (2 cycles/year; 6-8 startups/cycle)
Seed funding in the range of TND 80K up to 100K in cash funding and shared resources in return for 10-15% equity for each startup joining the accelerator program.
Follow-on & Pre-Series A Funding
Flat6Labs Tunis will also offer follow-on and early stage investment tickets ranging from TND 200K to 600K.
14 weeks of top-notch mentorship, strategically linking each team in the program with established mentors in their field.
A new coach is invited to visit Flat6Labs Tunis office every week to to meet with each team, coach and advise them.
A competitive curriculum with over 50 training and coaching sessions during the program on product development, business, operations, etc..
Traning 50+ Tunisian startups a year via the Flat6Labs’ flagship 5-day Bootcamp training program before each program.
Perks & Services
Each of the startups receives more than $300K in perks & benefits from local, regional and international partners.
Company incorporation and on-call local lawyers for legal consultation, support, and services.
4 months of shared office space at Le15 building with high-speed Internet and full administrative support during the program.
Business Growth Opportunities
Business networking and growth opportunities to help startups scale regionally and globally.
Demo Day & Investor Matching
A high-profile program-closing event to help graduating startups receive follow-on funding from investors.