Latest news with #Flat6Labs
Zawya
29-05-2025
- Business
- Zawya
Shell Egypt celebrates Egypt's young innovators after supporting over 1,000 entrepreneurs through Shell Egypt Intilaaqah Programme
RELATED TOPICS SME RELATED COMPANIES Shell Flat6labs Cairo, Egypt – Shell Egypt, in collaboration with Flat6Labs Egypt, celebrated the outstanding achievements of Egypt's young entrepreneurs during the Intilaaqah Annual Awards Ceremony, marking the successful conclusion of a transformative cycle that trained, supported, and empowered more than 1,000 aspiring innovators in 3 Egyptian governorates. Throughout this cycle, the Shell Intilaaqah Egypt Programme provided hands-on entrepreneurial training, ideation sessions, and business development support to youth from diverse regions. More than 120 startups' teams benefited from intensive mentorship and capacity-building initiatives including bootcamps, incubation activities, and matchmaking sessions, helping them refine their business ideas, strengthen their operations, and prepare for investment. Empowering Egypt's Next Generation of Entrepreneurs Dalia Elgabry, Vice President and Country Chair, Shell Egypt, commented: 'We are incredibly proud of the tangible impact that Shell Intilaaqah Egypt Programme has achieved this year. At Shell, powering lives means providing energy, while creating opportunities for people to thrive. Our global strategy, Powering Progress, is built on driving sustainable development, supporting local communities, and accelerating human potentials. By nurturing Egypt's young entrepreneurs, we are investing in the country's long-term economic resilience, innovation ecosystem, and inclusive growth. Through this programme, we continue to deliver on our commitment to fostering meaningful opportunities for young people and communities across Egypt.' The programme launched with a series of bootcamps held in Cairo, Alexandria, and Beheira, alongside an online bootcamp to expand accessibility. Participants engaged in intensive sessions focused on developing an entrepreneurial mindset, understanding customer needs through empathy mapping, crafting compelling value propositions, and building robust business models. Recognizing the Top Innovators Following the success of the bootcamps, the Shell Intilaaqah Egypt Programme introduced two dedicated tracks in March 2025: Best Idea Programme – Focused on nurturing early-stage concepts Best Startup Programme – Designed to support growth-stage startups in enhancing investment readiness and scaling operations Both tracks culminated in competitive judging days, where six standout teams were awarded financial prizes to accelerate their business development and growth. Best Idea Programme Winners: Fast octopus BananaMed Gremrem Best Startup Programme Winners: Oz Tech Bekya Pay Croptimus Hany Al Sonbaty, Chairman and Co-Founder of Flat6Labs, emphasized: 'The energy, creativity, and determination we witnessed throughout this programme are truly remarkable. Together with Shell Egypt, we have helped build a pipeline of promising young businesses ready to tackle real-world challenges and drive sustainable economic growth in Egypt. It lies at the core of what drives Flat6Labs, in Egypt and abroad, to maintain its commitment to nurturing and scaling the big ideas of tomorrow.' Driving Sustainable Development and Innovation Through initiatives like the Shell Intilaaqah Egypt Programme, Shell Egypt continues to align with Egypt's Vision 2030 and the United Nations Sustainable Development Goals by investing in youth, innovation, and entrepreneurship. The company's broader Social Investment portfolio, developed in collaboration with national and international partners, underscores its commitment to creating a lasting positive impact across the country. About Flat6Labs: Flat6Labs is the MENA region's leading seed and early-stage venture capital firm, currently running the most renowned startup programs in the region. Flat6Labs invests in innovative and technology-driven startups enabling thousands of passionate entrepreneurs to achieve their daring ambitions and ultimately becoming their institutional co-founders. Flat6Labs manages a number of seed funds with a total AUM in excess of $85M. More than 25 leading institutions have invested into the Flat6Labs managed funds; believing in the asset class and Flat6Labs' proven track record as the market leader. Flat6Labs provides a wide range of investment ticket sizes ranging from $50K to $500k, supporting startups through their early journeys from Pre-Seed all the way to Pre-Series A stages. Alongside the investments, Flat6Labs' exceptional startup programs, executed to cater specifically for the needs of the innovative entrepreneurs, helps them accelerate their growth by providing them with a plethora of support services and connecting them to unparalleled opportunities with an expansive network comprising hundreds of business mentors, investors and corporates. Launched and headquartered in Cairo since 2011, Flat6Labs has multiple offices across the region; with ongoing plans to expand into other emerging markets. For more information, visit Media Enquiries Heba El Karrar Social Investment Lead Shell Egypt N.V. Middle East & North Africa Media Relations Cautionary note The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement 'Shell', 'Shell Group' and 'Group' are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words 'we', 'us' and 'our' are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ''Subsidiaries'', 'Shell subsidiaries' and 'Shell companies' as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as 'joint ventures' and 'joint operations', respectively. 'Joint ventures' and 'joint operations' are collectively referred to as 'joint arrangements'. Entities over which Shell has significant influence but neither control nor joint control are referred to as 'associates'. The term 'Shell interest' is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. Forward-Looking Statements This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as 'aim', 'ambition', ''anticipate'', ''believe'', ''could'', ''estimate'', ''expect'', ''goals'', ''intend'', ''may'', 'milestones', ''objectives'', ''outlook'', ''plan'', ''probably'', ''project'', ''risks'', 'schedule', ''seek'', ''should'', ''target'', ''will'' and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc's Form 20-F for the year ended December 31, 2022 (available at and These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, 29 May, 2025. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement. Shell's net carbon intensity Also, in this announcement we may refer to Shell's 'Net Carbon Intensity', which include Shell's carbon emissions from the production of our energy products, our suppliers' carbon emissions in supplying energy for that production and our customers' carbon emissions associated with their use of the energy products we sell. Shell only controls its own emissions. The use of the term Shell's 'Net Carbon Intensity' is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries. Shell's net-Zero Emissions Target Shell's operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, they reflect our Scope 1, Scope 2 and Net Carbon Intensity (NCI) targets over the next ten years. However, Shell's operating plans cannot reflect our 2050 net-zero emissions target and 2035 NCI target, as these targets are currently outside our planning period. In the future, as society moves towards net-zero emissions, we expect Shell's operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target. Forward Looking Non-GAAP measures This announcement may contain certain forward-looking non-GAAP measures such as cash capital expenditure and divestments. We are unable to provide a reconciliation of these forward-looking Non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those Non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc's consolidated financial statements. The contents of websites referred to in this announcement do not form part of this announcement. We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website LEI number of Shell plc: 21380068P1DRHMJ8KU70 Classification: Additional regulated information required to be disclosed under the laws of a Member State
CairoScene
01-05-2025
- Business
- CairoScene
Miran & Welnes Merge to Launch AI-Powered Health & Fitness Platform
Saudi-based Miran and Egypt's Welnes have merged to form a unified wellness platform powered by AI. May 01, 2025 Saudi Arabia's Miran and Egypt-based Welnes have announced a merger to create a unified digital health and fitness company, combining AI-driven personalisation with community-based wellness support. The new platform will be headquartered in Riyadh and aims to scale across the Saudi market, in line with national efforts to promote healthier lifestyles. Miran, a Saudi-founded health tech startup, delivers personalised meal plans, workout regimens, and health insights through an AI-powered platform. The app has built a strong following among young users and is backed by regional angel investors. Welnes, on the other hand, is a Cairo-based platform that connects users with certified coaches and structured wellness programmes. With backing from Flat6Labs, Samurai Incubate (Japan), UI Investments, and other investors, Welnes has positioned itself as a leading community-first fitness platform in Egypt. The merger brings together Miran's technological infrastructure with Welnes' social engagement model, aiming to deliver a more integrated wellness experience for users. The deal was led by a Saudi angel investor and member of Doroob VC, reflecting broader investment momentum in the Kingdom's health tech sector. Amr Saleh has been appointed CEO of the merged company, with Eslam Ali taking on the role of CTO. The combined team will focus on enhancing user experience and delivering a seamless transition between platforms, as they work to establish a comprehensive wellness ecosystem across the region.
Wamda
28-04-2025
- Business
- Wamda
Miran, Welnes merge to build a powerful health & fitness app
Press release: Miran, an AI-driven health and fitness app, and Welnes, a leading fitness community platform, are proud to announce their merger. Miran uses cutting-edge AI technology to deliver personalized meal plans, workout routines, and data-driven health insights. Supported by prominent angel investors, Miran has built a strong reputation among young, health-conscious users seeking adaptive fitness tools. Welnes, founded by serial entrepreneurs, backed by Flat6Labs, Samurai Incubate (a Japanese VC), UI investments, and influential angel investors, has become a trusted platform for connecting users with fitness coaches and wellness programs. The platform fosters a supportive community for individuals striving to achieve their health goals. By merging, Miran and Welnes combine their respective strengths to create a platform that offers users a holistic health and fitness experience. With Miran's advanced AI engine and Welnes' community-centric approach, the company is uniquely positioned to address the needs of the growing wellness market in Saudi Arabia. The merger was led by one of the most prominent angel investors in Saudi Arabia, who is a member at Doroob VC. It reflects a shared commitment to contributing to broader societal goals, including those that align with Saudi Arabia's Vision 2030. By encouraging healthier lifestyles and increased engagement with wellness activities, the unified platform aims to play a part in fostering a vibrant, health-conscious society in the Kingdom. As part of this merger, the Miran and Welnes teams are combining their expertise and resources to ensure smooth operations and enhance the user experience. The headquarters will be based in Riyadh, Saudi Arabia, with Amr Saleh serving as CEO and Eslam Ali as CTO. The unified company is committed to empowering users in Saudi Arabia to lead healthier, more fulfilling lives.
TECHx
17-04-2025
- Business
- TECHx
Egypt Launches Invest-IT to Support 15 Promising Tech Startups
Fifteen Egyptian tech startups unveiled their innovations during the launch of Invest-IT, a new national program led by the Technology Innovation and Entrepreneurship Center (TIEC). TIEC is affiliated with the Information Technology Industry Development Agency (ITIDA). The program is launched in collaboration with Flat6Labs, a leading early-stage venture capital firm in the MENA region. Invest-IT is designed to support startups in the Seed and Pre-Series A stages. The goal is to boost investment readiness and help entrepreneurs across Egypt secure funding and grow their businesses. The program also aims to drive economic development through innovation. The launch event gathered key stakeholders from Egypt's tech ecosystem. Among them were Eng. Ahmed El-Zaher, CEO of ITIDA, and Hany Al-Sonbaty, Founder of Flat6Labs. Also present were Dina El-Shenoufy, Chief Investment Officer at Flat6Labs, Lamiaa El Rashidy, Incubation Manager at TIEC, and the founders of the selected startups. According to El-Zaher, Invest-IT marks a significant step in empowering startups to attract investment. He emphasized ITIDA's commitment to building a resilient tech ecosystem through education, infrastructure, and access to funding. Al-Sonbaty highlighted the importance of combining capital with mentorship and long-term support. The selected startups cover a wide range of sectors, including AI, fintech, logistics, proptech, insurtech, and smart energy. This diversity reflects Egypt's growing innovation potential. Startups in the Seed group include: The White Guard (cybersecurity and PPE) Dragify (AI for financial services) HNDL (logistics tech) Turuq (packaging and shipping solutions) Skoolix (digital learning tools) KENNAH (proptech) Atoms AI (semiconductor inspection) PhotonSmart (smart energy devices) The Pre-Series A group features: Valify (AI-based identity verification) Mrkoon (waste management platform) Qubefyn (AI data intelligence) Venu (event venue booking) Amanleek (insurtech solutions) LyRise (enterprise AI) Hoopoe Digital (location-based Wi-Fi services) The Invest-IT program runs in two phases. In Phase One, startups join workshops and receive tailored mentorship. In Phase Two, they connect with potential investors through curated matchmaking opportunities. Overall, Invest-IT aims to accelerate startup growth and strengthen Egypt's position as a regional innovation hub.
Tahya Masr
16-04-2025
- Business
- Tahya Masr
ITIDA Launches 'Invest-IT' to Accelerate Startup Investment Readiness Across Egypt
Fifteen promising Egyptian tech startups unveiled their breakthrough innovations during the launch of the first edition of Invest-IT, a nationwide program led by the Technology Innovation and Entrepreneurship Center (TIEC)—an affiliate of the Information Technology Industry Development Agency (ITIDA)—in collaboration with Flat6Labs, the MENA region's leading seed and early-stage venture capital firm. Designed to enhance investment readiness for tech startups in the Seed and Pre-Series A stages, Invest-IT targets emerging entrepreneurs across various Egyptian governorates, aiming to help them secure funding, expand operations, and drive sustainable economic growth through innovation. The launch event brought together key stakeholders in Egypt's tech ecosystem, including Eng. Ahmed El-Zaher, CEO of ITIDA; Hany Al-Sonbaty, Founder and Chairman of Flat6Labs; Dina El-Shenoufy, Chief Investment Officer at Flat6Labs; Lamiaa El Rashidy, Incubation Manager at TIEC; along with the founders of the participating startups. "The Invest-IT program represents a pivotal milestone in our efforts to empower Egyptian startups during their most critical phase—investment readiness. At ITIDA, we are deeply committed to building a resilient and inclusive technology ecosystem that not only nurtures innovation but also equips startups to scale and compete on a global stage." — Eng. Ahmed El-Zaher, CEO of ITIDA He added: 'Our strategy is holistic—starting from igniting a culture of innovation within universities, scaling up our nationwide Digital Egypt Innovation Hubs (Creativa), and delivering future-ready digital skills, all the way to facilitating access to essential funding and investment for scaling through strategic private-sector partnerships.' From AI and fintech to logistics, proptech, and smart energy solutions, the diversity of startups participating in Invest-IT showcases Egypt's rapidly maturing innovation landscape and its potential to become a regional startup powerhouse. Featured Startups The Seed Funding group includes: The White Guard: cybersecurity and high-quality PPE manufacturing Dragify: AI solutions for the financial services sector HNDL: fleet management tech in the logistics domain Turuq: technology-driven packaging and shipping services Skoolix: smart digital learning tools KENNAH: proptech for underutilized real estate assets Atoms AI: AI-powered semiconductor inspection PhotonSmart: energy-efficient smart home devices for hospitality and residential sectors The Pre-Series A cohort features startups with mature business models, such as: Valify: AI-based digital identity verification Mrkoon: digital platform linking waste management suppliers and retailers Qubefyn: AI-powered data intelligence solutions Venu: venue-booking and management platform for events Amanleek: insurtech for individuals and businesses LyRise: affordable enterprise AI solutions Hoopoe Digital: location-based digital services powered by large-scale Wi-Fi data Hany Al-Sonbaty, Founder of Flat6Labs and Managing Director of Sawari Ventures, emphasized: 'Invest-IT represents a model of integrated collaboration—bringing together resources, capital, and mentorship to empower startups with both technical know-how and purpose-driven leadership. At Flat6Labs, we believe entrepreneurship is not only about funding, but about people, values, and creating lasting impact.' Program Structure The Invest-IT program is structured in two distinct phases designed to accelerate startup growth and investment readiness. In Phase One, startups receive intensive workshops, personalized mentorship, and access to essential resources aimed at strengthening their business models and investment fundamentals. Phase Two focuses on investor engagement, where participants are connected with a curated network of investors through targeted matchmaking opportunities to facilitate funding and growth.
