Shady Atef, Technology Director at Flat6Labs, discussed the importance of the Techne Conference and its role in supporting the startup ecosystem. He emphasized that the event is very important for the startup scene, both in Egypt and globally. Shady participated as a speaker at the event, and in addition to speaking, he interacted with a wide range of participants, from founders still thinking about their initial ideas to well-established startups already in the market.
The Significance of Young Founders’ Participation
Shady noted that this year saw the involvement of many young founders who began their journeys at a very early age, which is a positive sign of the Egyptian market’s readiness to foster new startups. He mentioned that many of the questions he received during the sessions came from very young founders who are already taking practical steps toward building their own startups. This indicates significant improvement in the market’s readiness.
Diverse Offerings from Flat6Labs
Shady highlighted that Flat6Labs offers a variety of programs tailored to founders at different stages. These include support for seed-stage companies and also growth-stage companies. He mentioned that anyone interested in applying to these programs can visit Flat6Labs’ website to explore the different available options that cater to entrepreneurs’ varying needs.
Technology’s Role in Venture Capital
Regarding the role of technology in supporting venture capital firms (VCs), Shady explained that technology is a key enabler, allowing these firms to reach founders globally, not just in Egypt or local markets. He emphasized that artificial intelligence plays a significant role in streamlining processes and enhancing the firms’ ability to communicate with founders and offer them the appropriate support. Shady also mentioned that Flat6Labs is currently working on incorporating more technology to improve its offerings to founders and enhance internal processes.
Future Plans for Flat6Labs’ Technology Sector
Shady concluded by stating that Flat6Labs is working on launching new initiatives in the Egyptian market, with plans to introduce new programs soon, aimed at supporting founders in various fields. He also highlighted ongoing efforts to improve the technological platforms that entrepreneurs rely on to develop their businesses, which will help increase the success rate of startups.
