MENA-focused seed and early-stage venture capital firm Flat6Labs has launched Makers, a construction-tech innovation programme that aims to promote construction industry innovation through connecting and engaging with various stakeholders with extensive expertise.
Launched in collaboration with SIAC, a leading regional private construction firm, and Dar-Al-Handasah (Dar), an international consulting company in engineering, the Makers ConTech programme aims to foster startups in the construction technology solutions across Egypt.
The programme includes a pre-accelerator for early-stage startups and an accelerator programme with an investment component for more advanced startups. The pre-accelerator programme aims to promote construction industry innovation through connecting and engaging with various stakeholders with extensive expertise, as well as to creating sustainable innovation ecosystems for construction-related challenges within SIAC, Dar and the industry at large.
The Makers ConTech Innovation Programme, in its pre-accelerator stage, will provide selected startups with strategic mentorship, entrepreneurship-focused business training, subject matter one-on-one sessions, and a wide range of perks and services from partners. The pre-accelerator programme is designed to support entrepreneurs by guiding them in developing and presenting their innovative ideas and solutions to SIAC and Dar, with the possibility of being selected to run a pilot program with both companies. After completing the programme, startups will be well-positioned to raise funding.
The pre-accelerator programme also aims to shed light on the significance of the construction revolution and the adoption of new digital technologies in the construction sector in order to boost its competitiveness and productivity. Bringing the construction industry one step closer to a more sustainable, productive, and technologically advanced environment.
“A shift toward digitising construction solutions is becoming increasingly important in order to achieve safer and more productive results. Using robotics and data analytics to digitise construction processes for construction sites and industrial plants, data assembly, transactions, and city design, companies will be able to save labour costs, address labour shortages, and improve safety. We are excited to launch the Makers ConTech Innovation Programme in collaboration with SIAC and Dar-Al-Handasah with the goal of supporting, investing, and nurturing innovative, sustainable, and promising startups to drive the construction industry revolution,” said Albert Malaty, managing director of Flat6Labs Cairo.
