Falak Startups Open Applications on a Rolling Basis Through 2021

Egypt’s leading technology accelerator, Falak Startups, has restructured its accelerator model by accepting applications on a rolling basis throughout the year. With a new ticket size of up to LE 2 million, Falak Startups is committed to backing the local startup ecosystem. They will invest in high-growth tech startups at an early stage with the support of Egypt Ventures and the Ministry of International Cooperation.

“We are re-imaging the accelerator model and we are creating a new hybrid between VCs and accelerators because this is where the gap lies; startups either backed by a VC or not, they still need mentorship, strategic guidance and support services to grow and scale,” Yousef El Sammaa, CEO of Falak Startups, said. “Hence, we increased our investment size, and we are now doing bigger ticket sizes. Additionally, we are offering a wide variety of services that will help all high-growth tech startups build thriving businesses.”

In line with the new offer, Falak is providing startups with hands-on support and mentorship through partnerships with top tier agencies and consultants, as well as bringing in industry experts and entrepreneurs to offer mentorship and consultancy services.