Egypt-based VC Flat6labs and SANAD Entrepreneurship Academy have launched an agritech accelerator programme to assist 10 to 12 startups in each cycle.
The programme will give startups access to capital and help them improve their business models, product development, customer relationships, marketing plans, and financial management.
The collaboration marks the beginning of Flat6Labs’ mission to support emerging businesses in the agri-food, food security, and rural development sectors while aiding the development of the agritech industry in Egypt.
Flat6labs in partnership with SANAD Entrepreneurship Academy have launched an agritech accelerator program to assist 10 to 12 startups in each cycle to enhance their business models, product development, customer relationships, marketing plans, and financial management.
The partnership marks the start of Flat6Labs’ mission to support emerging businesses in the agri-food, food security, and rural development sectors while stating the value of the agritech industry in Egypt.
The agri-tech program will give startups access to capital, to grow faster and efficiently, encouraging the development of technologies that make the agriculture industry sustainable, safe, and environmentally friendly. These technologies optimize service quality in the agriculture industry, by facilitating data collection and analysis to quantify performances, while limiting overprice of products or services.
THEMAR Ecosystem Development Program Egypt (Credit: WAMDA)
‘’With digital transformation progressing rapidly across industries, and the agriculture industry being a core pillar of the Egyptian economy, the need to digitize the agriculture industry has increased dramatically. We are glad to launch this agritech accelerator program in collaboration with the SANAD Entrepreneurship Academy, as it will serve this need by supporting the startups that provide innovative technologies in the agriculture sector and will contribute to the sustainable growth of the Egyptian economy,” stated Hassan Mansi, Flat6Labs Head of Ecosystem Development Programs.
The advancement of automated machinery and robotics would increase the efficiency of agricultural productions by precisely locating nutrient availability, checking for diseases, predicting them, and many other helpful facilities. This would be achieved by empowering and promoting Egypt’s agri-digital sector.
Kim Reichel, Chairperson of the SANAD Technical Assistance Facility Committee said, ”We are very much looking forward to our cooperation with Flat6Labs as they have shown strong commitment to supporting innovative and technology-driven entrepreneurs across MENA. Together, we will create positive impact by providing targeted support and enabling business owners to thrive. We believe that focusing on the agricultural sector, and specifically agri-tech, is vital in these challenging times and will contribute to increased food security across the region.”
Flat6Labs Egyptand SANAD Entrepreneurship Academy will continue to support bright, ambitious, and tech-driven entrepreneurs in Egypt through financial aid, technical help, and networking opportunities within the nation and abroad. Building prosperous businesses that create jobs and advance Egypt’s economy, the venture capital firm will continue to be a cornerstone of the country’s digital transition.
