The programme provides founders with a broad network of experts to consult, as well as funding opportunities of up to EGP 1 million.
Cairo-based accelerator, Falak Startups, has announced that applications for Cycle 4 of its accelerator programme are now open. The platform’s programme equips founders and entrepreneurs with industry know-how, capital, expertise and access to a vast network of the industry’s movers and shakers.
This cycle kicks things up a notch in its search for startups, with a criteria set at high potential ventures that are resilient, scalable and have innovated within the wide parameters of tech-enabled solutions. Falak’s on the lookout for businesses catering to niche market gaps, with solutions that will prove to be highly sought-after by active users and products that provide solutions in their respective markets.
"Falak Startups is more than a startup accelerator - it’s a community of collaborators with a vision of disrupting the status quo," Karima Hakim, Head of Business Development & Investor Relations tells Startup Scene. "With a team of field experts, mentors and a network of industry leading partners, Falak Startups is providing entrepreneurs unparalleled support.
Selected startups will get to utilise not only Falak’s prowess in the network, but will have the chance to receive EGP 1 million funding, one-on-one mentorships, legal support, regional and international exposure, and perks and discounts on Falak activities.
"We have a diverse portfolio of startups ranging from e-commerce, health-techs, SaaS and a strong fintech presence in partnership with EFG-EV fintech. We are looking for a strong and diverse team of driven founders before anything, leaders with agile companies and a strong tech component and at least an MVP to validate the product," El Hakim adds. "The aim is to accelerate the growth, the learning curve and the team’s maturity as we accompany our entrepreneurs. Our program may have a start and a finish date, however our support remains constant as long as we are on the cap table of our portfolio companies."
Head here to find out more about the programme and to apply.
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