Five One Labs Startup Showcase

On June 17, 2020, Five One Labs hosted online a Startup Showcase to celebrate the graduation of their first-ever Arabic incubator program in Erbil. Over 90 attendees joined the event from Iraq, Germany, USA and other places. Ten of the entrepreneurs gave brief overviews of their businesses and then answered questions from the audience.

At the end of the event, Five One Labs announced that three startups would receive seed funding. Al-Ruaa for CNC - a company providing services, workshops, maintenance, installation and providing spare parts for the CNC machines, came in first place and won $15,000. For second place, EcoLift - a company providing an alternative power system (potential energy recovery system) to power elevators instead of using electricity was awarded $10,000.

And finally, Mosul Solar - a company providing and installing solar cells for houses, was awarded $5000.