Applications close on December 15th.
Egypt's leading startup accelerator, Flat6Labs Cairo, is now offering startups joining its 12th Accelerator Cycle launching in January 2019 a minimum of EGP 500,000 to a maximum of EGP 750,000 in cash funding. The all-cash-advance will help cover the startups’ early expenses and to define their product and grow their market. Applications close on December 15th.
Each startup will enter a tailored Flat6Labs Cairo intensive acceleration curriculum spanning over four months. Upon completion, each startup will be offered up to EGP 2 million in post-acceleration follow-on funding to match external investors. Flat6Labs Cairo partners with the selected startups entering the acceleration programme in exchange for 10 percent equity.
“Being in close contact and on the ground with innovative Egyptian entrepreneurs, catering for their different needs and understanding what their varying challenges are has always been what Flat6Labs Cairo is all about,” says Ramez El-Serafy CEO of Flat6Labs. “With up to EGP 750,000 in cash funding, up to EGP 2 million in follow-on funding, grant funding of up to $25,000 to eligible startups with the support of StartEgypt, alongside a solid acceleration program and a stellar and experienced local team, Flat6Labs Cairo is now proud to offer an even more attractive package than before for visionary Egyptian entrepreneurs looking to scale their businesses in Egypt and MENA,” adds El-Serafy.
Startups enrolled at Flat6Labs Cairo that meet predefined criteria by a designated social impact committee are also nominated to receive grant funding of up to $25,000 each. Also teams joining the programme from outside Cairo will also be supported by a monthly stipend of EGP 5,000 per team during the programme. This is made possible with the support of StartEgypt, a startup initiative funded by the UK government, supported by the IFC and powered by Flat6Labs to inspire, incubate and support Egyptian entrepreneurs and social impact enterprises.
Flat6Labs Cairo’s programme team is accredited and licensed for Central European Design Standards & Global ISO guidelines for Innovation Management Systems, allowing teams to empower a deeper handling of business cases to truly compete amongst the most innovative startups in the region and further extended their networks and expand globally.
To apply, click here.
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