The Abu Dhabi Businesswomen Council (ADBWC), a subsidiary of the Abu Dhabi Chamber, has signed a Memorandum of Understanding (MoU) with Flat6Labs, the leading early-stage venture capital firm, to support women entrepreneurs.
The MoU aims to strengthen cooperation between the two parties to enable women entrepreneurs to grow their businesses, fulfill their aspirations, and contribute to the growth of Abu Dhabi’s economy.
It was signed by Ms. Asma Al Fahim, Chairwoman of the Abu Dhabi Businesswomen Council, and Mr. Ryaan Sharif, General Manager of Flat6Labs, at the Chamber’s building, in the presence of representatives from both parties.
Under the terms of the MoU, the two parties will organize workshops to introduce the members of the ADBWC to Flat6Labs’ services and financing programs, and provide them with the required guidance by coaches and experts to advance their business.
The MoU will provide women entrepreneurs with a platform to participate in the Flat6Labs Ignite program and have a chance to get financial rewards, as well as organize competitions for entrepreneurs in the technology field, which brings about mutual benefits for both sides.
Ms. Asma Al Fahim, Chairwoman of the Abu Dhabi Businesswomen Council said that “The MoU with Flat6Labs affirms the Council’s unwavering commitment to developing the capabilities of women entrepreneurs and enabling them to take their businesses to the next level, in accordance with the highest international standards. There are many women-led startups with creative ideas and untapped potential, which need our support. Our partnership with Flat6Labs plays a pivotal role in assisting these startups to improve their strategy and drive their business growth.”
“The Abu Dhabi Businesswomen Council continues to expand its strategic partnerships with different entities to fulfill its objective of supporting entrepreneurs, uncovering promising opportunities for its members, and encouraging them to realize their potential, to propel the growth of business and generate benefits for the society,” Ms. Al Fahim added.
Mr. Sharif, commented that “There is a pressing need to bridge the gender divide. Doing so will benefit the entire startup ecosystem as diversification will enable new ideas to flourish. Of the over 2,000 startups supported by Flat6Labs over the last decade, over a third 36 percent have been female-led, so we are keenly aware of the passion, persistence, and unique perspective that women entrepreneurs bring to the table. We take pride in partnering with the ADBWC to level the playing field and offer promising female founders the support and mentorship they need to achieve their full potential.”
