Based on 10 reviews
Five One Labs is a global nonprofit organization founded in 2016 that supports resilient entrepreneurs through hands-on training, mentorship, financial access, and ecosystem-building. The organization operates an Incubator Program, manages coworking spaces in Sulaymaniah and Erbil, and provides investment services through Five One Invest. Its mission focuses on strengthening inclusive entrepreneurship ecosystems to drive economic resilience.
The coworking spaces in Sulaymaniah and Erbil offer access to meeting rooms, printing services, a fully equipped kitchen, and high-speed internet. Members also benefit from secure lockers for item storage, CCTV cameras, and security systems to ensure safety. The environment is designed to foster connections among professionals and innovators.
Seed funding is awarded to three participants per cohort based on the marks they receive across different criteria. This financial support is provided in the form of grants to the top startups that successfully complete the incubator program. The process is designed to help entrepreneurs bring their ideas to life through practical skills and knowledge.
According to the organization's impact statistics, 61% of the seed funding has been awarded to women entrepreneurs. The program also reports a 47% female participation rate across its various initiatives. This data highlights the organization's commitment to supporting diverse founders.
The organization reports that 30% of its cohorts consist of entrepreneurs from conflict-affected areas. This statistic reflects the organization's focus on supporting resilient entrepreneurs in challenging environments. The program aims to help these individuals rebuild their livelihoods through entrepreneurship.
As of the latest available information, 11 incubator cohorts have been conducted to date. These cohorts have collectively supported over 500 startups in intensive programs. The organization continues to run these programs to empower individuals and contribute to community economic growth.
The organization has awarded over $830k in seed funding to its founders as part of its investment initiative. This funding is provided through grants to top startups within the incubator program. The goal is to increase access to capital and raise awareness of investment opportunities in the region.
Five one labs holds a Trustburn rating of 4.1 out of 5 from 10 reviews. The reviews are predominantly positive, with most users praising the team's dedication and the value of the resources provided. The feedback highlights the organization's impact on the startup ecosystem.
The main focus of the incubator program is providing support for entrepreneurs to develop their business ideas into feasible startups. The program includes sessions based on Design, Build, and Lead methodologies. It aims to help founders turn their startup dreams into reality through expert guidance and resources.
All participants in the program and the team of Five One Labs sign a Non-Disclosure Agreement to ensure the safety of ideas. This agreement is in place as entrepreneurs work towards launching their businesses. It helps protect intellectual property during the incubation process.
The organization maintains a network of 46 mentors and experts globally to support its entrepreneurs. These mentors provide valuable insights, resources, and networking opportunities to help founders succeed. The team is described as knowledgeable, professional, and highly supportive by reviewers.
The official website of Five one labs is fiveonelabs.org.
Five one labs has official profiles on Linkedin.
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I had the privilege of working with an incredible startup accelerator that goes above and beyond to support entrepreneurs. The support and guidance provided by Five one labs have been invaluable, helping me to take my business to the next level.
I recently had the opportunity to work with an amazing startup accelerator that has helped me tremendously. The team at Five one labs is top-notch, providing valuable insights, resources, and networking opportunities. I highly recommend their services to any aspiring entrepreneur!
My experience with Five one labs has been nothing short of amazing. The company provides an excellent platform for startups to thrive and grow. The team is dedicated, helpful, and always willing to provide guidance and support. I am grateful for their contributions to the startup community.
The support and guidance I received from Five one labs have been invaluable. They have been instrumental in helping me turn my startup dream into a reality. The team's expertise and commitment are commendable.
Five one labs is a fantastic company to work with. The team is highly professional, knowledgeable, and supportive. They truly care about their customers and go above and beyond to deliver excellent results. I would highly recommend Five one labs to anyone looking for innovative solutions and outstanding service.
๐ Five one labs is truly making a difference in the startup ecosystem. Their dedication to supporting founders and providing resources is admirable. I'm grateful for the positive impact they have had on my entrepreneurial journey. ๐
๐ Five one labs is doing an incredible job in supporting startups and fostering a vibrant entrepreneurial ecosystem. Their programs and resources are top-notch, creating a positive impact on the community. Keep up the good work! ๐
I'm so impressed with the work that Five one labs does. They truly care about empowering entrepreneurs and creating a supportive environment. The team is knowledgeable, professional, and their programs are top-notch. Highly recommended!
Working with Five one labs has been an incredible experience. They have a deep understanding of the challenges faced by startups and provide the necessary resources, mentorship, and networking opportunities. Highly recommended!
๐ฏ Five one labs is an amazing organization that genuinely supports startup founders. Their dedication and passion are evident in their work. I'm grateful for the opportunity to be a part of their programs. ๐
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Five One Labs is a global nonprofit organization founded in 2016 that supports resilient entrepreneurs through hands-on training, mentorship, financial access, and ecosystem-building. Its mission is to strengthen inclusive entrepreneurship ecosystems that drive economic resilience by connecting entrepreneurs with capabilities, networks, and opportunities to grow sustainably. The organization offers programs such as an Incubator Program, coworking spaces, and investment services through Five One Invest, and maintains a startup directory featuring partner companies. It also publishes blogs, case studies, and reports through resources like the Five One Review, and accepts donations and partner support to fund its work.