What we offer your startup

Funding

Funding

For each startup we select, we invest EGP 500,000 up to EGP 750,000 in cash funding in exchange for minor equity in the company (10%). This cash funding is to help startups cover their early expenses during the program and to help define their product, develop their core application, and commercialize their enterprise. Our cash funding serves as a critical catalyst to specific milestone achievement, whether it is follow-on funding, first customers, or another significant breakthrough in the company’s growth. In addition to cash funding, Flat6Labs Cairo offers its renowned accelerator programme valued above EGP 250,000, and is the only accelerator in the country to offer up to EGP 2M in post-acceleration follow-on funding with matching co-investors.

Flat6Labs Cairo startups that meet predefined criteria by a designated committee are also nominated to receive grant funding of up to USD 25,000 each, if they are working within the following sectors:

1-Public service delivery (e.g. health, education, waste management, environment).

2-Supporting marginalized communities (products/services focused on women, elderly, the disabled etc).

3-Supporting poorer regions (products/services or company operations that target Upper Egypt, rural communities etc).

Flat6Labs Cairo also offers support for teams joining us from outside Cairo in the form of a monthly stipend of EGP 5k per team per month for the duration of the program.

SEED FUNDING

Seed funding helps accelerate the growth of new companies being established and positions them further to receive investment from angel investors and venture capitalists. We provide our companies with the following seed funding:

Flat6Labs Cairo: EGP 500k up to 750k of cash plus programme value of 250k In exchange for 10% stake of equity.

FOLLOW-ON FUNDING

Flat6Labs puts a lot of effort to select the best startups to join its accelerator, and thus investors are more likely to invest in our entrepreneurs and give them favorable terms once they are selected and go through our program. At the end of the accelerator program, Flat6Labs holds a Demo Day event, where our startups are given the opportunity to showcase their products to potential investors and the media. Also, Flat6Labs is the only accelerator in the country to offer up to EGP 2M in follow-on funding after the accelerator period concludes. This is conditionally offered to the startups upon securing a firm offer of investment from an external co-investor after the program.

GRANT FUNDING

Flat6Labs Cairo startups that meet predefined criteria by a designated committee are also eligible to get nominated and receive grant funding of up to USD 25,000 each, supported by StartEgypt, if they are working within the sectors of public service, supporting marginalized communities or supporting poorer regions at the discretion of the Grant Committee.

MONTHLY STIPEND

‘StartEgypt’ will provide support for living costs of entrepreneurs that come from outside of Cairo to join the 4-month Flat6Labs Cairo acceleration cycle, making it easier for all Egyptian entrepreneurs to take part in the leading startup accelerator program.