Flat6Labs deploys $10.2mln in start-up funding to enrich Abu Dhabi entrepreneurship ecosystem

Flat6Labs deploys $10.2mln in start-up funding to enrich Abu Dhabi entrepreneurship ecosystem

Abu Dhabi, United Arab Emirates – Two years since the launch of its flagship Flat6Labs Ignite Program, in partnership with DisruptAD, the venture platform of ADQ, Flat6Labs has crossed significant milestones. The highly tailored program — comprised of coaching, mentoring, and training — has led to investments of US$10.2 million into 38 promising start-ups, the large majority (68%) of which have been established in the UAE.

Flat6Labs Ignite is a specialised seed program committed to supporting start-ups in Abu Dhabi. The program hosts an intake cycle every six months and has thus far completed four cohorts with the fifth cohort to be announced shortly. Owing to the growing popularity of the program, Flat6Labs has to date received over 4,000 applications from start-ups across the world, with the number of applications steadily increasing by an average of 30% cycle-over-cycle. Testament to Abu Dhabi’s now established status as a global hub for entrepreneurship, 77% of founders applying for inclusion in the program have been based outside the UAE.

“Two years ago, when we partnered with DisruptAD to launch the Ignite program, our mission was to foster the thriving start-up ecosystem in Abu Dhabi. The results now speak for themselves and the work we have