Flat6Labs Beirut, a partnership between Flat6Labs and ArabNet, announced today the launch of Lebanon Seed Fund (LSF), a $20 Million early stage fund aiming to support 100 Lebanese startups over the next five years.
Flat6Labs Beirut is promising with an all-encompassing investment approach, by bridging the gap between seed funding and early stage investments. Startups taking part in the seed stage program will receive an investment ticket size of $30,000 to $50,000 and go through a 16-week mentorship-driven seed program, while early stage startups will receive $100,000 to $500,000 as well as access to Flat6Labs Beirut’s resources and operational guidance to scale.
Flat6Labs Beirut will seed and grow Lebanese startup companies working in innovation-based and knowledge-driven industries. These industries will mainly include information and communications technology (ICT), electronics, manufacturing solutions, green technologies and extends to the use of technology and knowledge in other core industries such as health, education, energy, transport and financial services.
Flat6Labs Beirut is accepting applications for both the startup seed program and the early stage fund on www.flat6labsbeirut.com.