Sep 22nd, 2017
Helping Refugees & Conflict-Affected Entrepreneurs Launch & Grow Their Businesses in the Middle East: Alice Bosley & Patricia Letayf of Five One Labs.
What do you think when you hear the word refugee? For Alice Bosley and Patricia Letayf, Co-Founders of Five One Labs, it makes them think of innovation, passion, creativity and grit. Since the war began in Syria in 2011, nearly five million Syrian refugees have been displaced across the Middle East and Europe. Five One Labs has launched a startup incubator in the Kurdistan Region of Iraq to help some of the 250,000 Syrian refugees and over 1 million Iraqi refugees in the area rebuild their lives and livelihoods. The program is designed to provide training, mentorship, inclusive communities, and support to build businesses. The name “Five One” comes from the 1951 Refugee Convention that gives refugees the right to work. Their incubator will empower young men and women from displaced and host communities in starting scalable, innovative businesses - benefiting the entrepreneurs while also strengthening the local economy through training, mentorship and community building.
Five One Labs first cohort is scheduled to begin this October in Erbil, Iraq and they are crowdfunding with a matching grant from the Tent Foundation via Indiegogo https://www.indiegogo.com/projects/five-one-labs-startup-incubator-for-refugees-entrepreneurship#/