BEIRUT: In March 2019, accelerator Flat6Labs Beirut welcomed seven new startups tackling solutions across an array of industries. These included personalized cosmetics, fleet management, pharmaceutical supply chain, water sanitation, IoT, SaaS for ISPs, on-demand platforms and more.
Thursday, October 10 at Music Hall Starco, under the patronage of H.E Mr. Adel Afiouni, Minister of Information and Communications Technology, the accelerator hosted its fourth demo day which saw the seven startups graduating and showcasing their products to the audience and to potential investors. The latter was a much-needed move, as most of these startups are asking for funding that is not less than $200,000.
“What’s special about this batch is that three out of seven are women, and if we add up the number of experience of the founders it adds up to over a 100 years,” managing director of FlatLabs Beirut Fawzi Rahal told Annahar. “And they’re also tacking industries that are generally considered very traditional, and that takes guts, such as the pharmaceutical industry, hard water, farming, fleet management, and others.”
Many of the founders were convinced that the funding they are asking for (which ranged between $200,000 and $450,000) was attainable. Joona startup, which offers playful and personalized quality skincare products according to dermatological types, conditions, and preferences, we're confident that they can raise $300,000 for R&D and expansion. “We don’t see any obstacles in convincing investors of the authenticity of our product,” one of the cofounders told Annahar.
The startups were the following:
1) Clean2O which designs products that make water safe for cooking and drinking anytime, anywhere
2) Fleets.ai which provides real-time fleet monitoring to optimize fleet performance, maintenance costs, and fuel consumption
3) IoTree which is a wireless sensory network of smart traps that are developed using a deep learning algorithm for the early detection of harmful pests and insects in farms.
4) Joona offers playful and personalized quality skincare products according to dermatological types, conditions, and preferences.
5) Pharmaklik which is a cloud-based omnichannel platform that links pharmacies with suppliers.
6) Presentail which is a gifting platform for Lebanese expats featuring hand-picked products from nostalgic suppliers delivered quickly and safely.
7) Zima, which is a cost-saving SaaS that enables Internet Service Providers to manage their user bandwidth, billing, and subscription– with no need for hardware.
Each of the startups was introduced by their mentor, which included prominent names such as Fadi Mikati and Najwa Sahmarani, cofounders of the Tripoli Entrepreneurship Club (TEC), among others. A cocktail networking party followed the pitches.
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