Financial Grant to Receive EGP 750,000 for Start-Up Projects 2019
Flat6Labs Cairo

Financial Grant to Receive EGP 750,000 for Start-Up Projects 2019

Egypt 21 Dec 2019

ABOUT THE INSTITUTION

Flat6Labs هو برنامج تسريع بدء التشغيل الإقليمي الذي يرعى ويستثمر في رواد أعمال مشرقين ومتحمسين والذين يمتلكون أفكار متطورة. يوفر Flat6Labs التمويل الأساسي، والإرشاد الاستراتيجي، ومساحة العمل الإبداعية
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OPPORTUNITY DETAILS

Nonprofit organization
Host Country
Deadline
21 Dec 2019
Study level
Eligible Countries
Eligible Region
All Regions

Flat6Labs Cairo announced the Flat6Labs Cairo Accelerator Program 2020 for Egyptian entrepreneurs. Flat6Labs Cairo fosters and invests in bright, passionate Egyptian entrepreneurs with cutting-edge ideas. Started as the first Flat6Labs office in the MENA region in 2011, Flat6Labs Cairo supports and encourages entrepreneurs in the first critical development phase. Each cycle, 8-10 promising teams are selected to participate in the Flat6Labs Cairo program.

In essence, each startup helps define a product, develop a core value proposition, develop a balanced business plan, and commercialize a company to receive follow-up funds. At the end of each cycle, Flat6Labs Cairo will host a demo day event, giving the team the opportunity to showcase their products to potential investors and media. If the applicant has a successful bidding team to build a fully furnished company with promising market potential, he graduates from Flat6Labs and receives additional funding to set up a company. A solid interactive program is about creating an independent and successful company led by a team that can make informed decisions.

Benefits:

When applicant selects a team to participate in the Flat6Labs Cairo Accelerator program, they receive:

  • Cash Assistance (EGP 500,000 – EGP 750,000)
  • Strategic Mentoring
  • Office space
  • Entrepreneur-Oriented Business Training
  • In-depth analysis of the hands-on market and business models with accelerator teams
  • One-to-one session topic
  • Various perks and services from Flat6Labs Cairo partners (over $ 300,000).

They support startups through a vast network of organizations, partners, educational institutions, advisors, mentors, coaches, and investors. These offerings and partnerships with startups take the place of a fixed 10% stake in each startup.

Eligibility Criteria:

  • Applicants must be fully committed during the 4-month program.
  • Applicants must live in Cairo during the 4-month program.
  • Applicants must read and agree to the terms outlined in the standard semester table.

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