Umniah signs memorandum of understanding with Bahrain-based accelerator Flat6Labs Umniah’s business incubator, The Tank, has signed a memorandum of understanding (MoU) with Bahrain-based accelerator program, Flat6Labs, with the objective of supporting the growth of local and international businesses in Bahrain and Jordan through consistent and fast-growing funds. The MoU was signed by Umniah’s Marketing Director, Zaid Ibrahim, and Flat6Labs Bahrain’s Managing Director, Ryaan Sherif. Under the MoU, both parties will work toward cultivating a growing network geared toward developing the business landscapes in both Bahrain and Jordan and connecting startups and entrepreneurs with venture capitalists, investors and consultants. The network will also see both parties sharing knowledge and expertise through regular talks, site visits and other programs. Flat6Labs is a regional startup accelerator program that fosters and invests in bright and passionate entrepreneurs with cutting-edge ideas. We provide seed funding, strategic mentorship, a creative workspace, a multitude of perks, entrepreneurship-focused business training, and directly support our startups through an expansive network of partner entities, mentors and investors. We create an environment where you can advance your company an incredible amount in a short period of time. “Since its inception, Ummiah’s business incubator, The Tank, has dedicated all its resources to develop and enrich Jordan’s business environment to support the growth of startups,” commented Umniah’s Marketing Director, Zaid Ibrahim. “Over the past few months, we have concentrated our efforts toward securing partnerships and collaborations with leading accelerators in the Middle East, which we believe will help us propel startups and entrepreneurs seeking to grow their businesses.” “Today, we are proud to sign an MoU with Flat6Labs Bahrain to build on what we have achieved in the past and create new opportunities for innovation and growth, and a network of partners, consultants and investors capable of driving forward our startups and entrepreneurs,” added Ibrahim. Flat6Labs Bahrain’s Managing Director, Ryaan Sherif, welcomed the partnership with Umniah, saying: “We are immensely pleased with the signing of this MoU and look forward to translating it into a series of successful collaborations in the near future.” It is worth noting that The Tank signed another MoU in 2018 with BRINC, a leading business incubator also based in Bahrain. The agreement was conceived with the objective of benefitting local startups and entrepreneurs with the various acceleration programs offered by BRINC. The Tank also signed a similar agreement with Oasis 500 to help select startups traverse the initial stages of their development, in addition to offering them an integrated suite of acceleration services. END
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