Arab Tech Guide: Top 11 Startup Accelerators in the Arab World in 2012
Many seed startup ideas in the Arab world die because it lacks seed funding, but this is changing.
Many startup accelerators were launched in the Arab world. Offering Y combinator model. Around $10 K in seed funding, office space and mentorship for around 10% equity in the firm.
If you have a startup idea and did not develop a prototype yet this list will be helpful for you.
Today you present you with the first serious of Arab Tech guide, starting with the list of the accelerators in the Arab world:
1- Startup Reactor (Egypt)
A joint project between Innoventures LLC i Fascila Technologies LLC. The program will create an environment to connect entrepreneurs, investors and mentors, and will host, coach and invest in Egyptian seed-stage startups for a duration of 6 months.
Areas of focus clean technology, energy, electronics, media and market intelligence.
Fascila Technologies will manage VLSI Reactor, a subsidiary program that will run in parallel focusing on startups in the electronics and semiconductors industry.
Qualifying startups will receive seed funding and office facilities, will be assigned a committed mentor, and will follow an adaptive training program, whilst they focus on developing their business model, prototype, brand and customer base.
2- Seed Startup (UAE, International)
Seed Startup is an international startup accelerator based in Dubai. Focusing on digital media startups (web, mobile, software), Seed Startup accepts 5 – 10 entrepreneurs to participate in an intensive, 3 month program providing world-class mentorship, networking and a seed investment of up to $25K in exchange for 10% equity.
3- i360 Accelerator (UAE)
i360 Accelerator is recruiting its first cohort of entrepreneurs this fall, for an accelerator program launched in November in Dubai. Similar programs will follow in Abu Dhabi, Beirut and Amman. Interested entrepreneurs will compete in pitching-contests, called “innov-a-thons,” with top contestants earning a spot in the November cohort. From concept to prototype in 60 days.
4- Oasis 500 (Jordan)
is a seed accelerator and investment network based in Jordan. With the stated goal of accelerating 500 startups in the Arab region, Oasis500 has built a large network of mentors, educators and angel investors to assist entrepreneurs. Successful applicants in round 1 go through 6 days boot camp training and then selected applicants get funded up to JD 22,000 offering free office space for up to 6 months with mentorship service for a 10% equity in the startup. Additional investment may follow up to 50,000 JD (~ $70,000), another three months of incubation, and a chance to pitch to a global network of investors at Oasis500’s Angel Network event.
5- Flat6Labs (Egypt)
Flat6Labs hosts teams for a three-month cycle and gives them access to the facilities, expertise, mentorship, and support needed to make the most of their own talent. Upon their selection, the teams are provided with seed funding in the range of EGP 60,000-75,000 (~$8,000 – $12,500) In exchange for 10-15% stake of equity in their projects.
At the end of the three months period, Flat6Labs holds a Demo Day event, where teams are given the opportunity to showcase their products to potential investors and the media. If any of the teams has been successful in its bid to establish a fully furnished enterprise with promising market potential, it will graduate from Flat6Labs and receive additional funding to establish its enterprise.
6- Berytech (Lebanon)
Berytech has been supporting entrepreneurship in Lebanon for the past ten years, providing mentorship, funding, education and workspace. Berytech launched the first seed fund for tech entrepreneurs in 2008 and launched its seed accelerator program in 2010. Startups will get funded up to 25k$, including 6 months incubation services and mentoring from Berytech, for up to 15% stake in the project, as well as the possibility of further investment from Berytech Fund up to 1.2M$, to boost your Business.
7- Seeqnce (Lebanon)
Internet Startup Accelerator based out of Beirut, Lebanon. Seeqnce operates an accelerator program that takes inspiration from best practices of leading accelerators, such as Y Combinator and Techstars,
The 2013 Program will start in the second quarter of 2013 and will select, help build and accelerate top-class web & mobile startups with regional or global potential. Seeqnce offers Significant investment per startup. Cash prizes and in-kind support, free office space, access to new funding, media, mentorship and training.
Seeqnce took Ycombinator approach where No idea or team needed. And No restrictions apply. Applications are open to anyone, from anywhere, in any industry. To Apply go here.
8- Tahrir2 (Tahrir Squared)
Launched in April 1st, 2011, by Samer al Sahn, the former CEO of software development company eSpace and Mohammed Gawdat, the head of Eastern and Emerging Europe, Africa, and the Middle East at Google.
Funding is on a case-by-case basis, beginning at $15,000. the seed funding called tahrir seed fund and the incubator would bring funding from other angel investors. To apply click here.
9- Tenmou (Manama, Bahrain)
Launched: July 2011, by a board of directors led by Sami M. Jalal of Mohammed Jalal & Sons. Tenmou does not offer a fiscal space, but cash investment and mentorship and it does not solely focus on tech startups but on any sector – excluding real estate- as long as the idea is innovative and can spread beyond the Bahraini market, Startups must have a team of 2-4 Bahraini founders.
Tenmou usually invest on average around BD20,000 (~$50,000) , in return for between 20% of the company in which after that entrepreneurs can present in an investor day. The hub is open to applicants in batches. To apply click here.
10- N2V Labs
Based: In Amman, with access to their centers in Riyadh , Dubai, Cairo, and Silicon Valley.
N2V labs is part of N2V Holding group which operates and invests in web and mobile startups. N2V labs recruits geeks as entrepreneurs-in-resident provide them with seed funding, salaries, mentorship for 3 to 6 month for launching new startups that solves problems. And if a startup works well additional funding and spin off will conclude offering the entrepreneur in resident equity in the startup.
11- Meydan (Jordan)
Based: in Amman, Jordan. Launched: May, 2010, by Maher Kaddoura.
Meydan offers 100 days of training for free. Offer seed funding of about $10K. The accelerator seems quite recently we do not know if it is still active.