What we offer to your startup
For each startup we select, we invest around EGP 300,000 in seed funding in exchange for minor equity in the company (10%). This seed 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 seed 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 seed funding, Flat6Labs Cairo is the only accelerator in the country to offer up to 1M EGP in follow-up funding after the accelerator in the form of a loan.
Flat6Labs Cairo startups that meet predefined criteria by a designated committee are also eligible to receive grant funding of up to USD 25,000 each, if they are working within the following sectors:
Public service delivery (e.g. health, education, waste management, environment).
Supporting marginalised communities (products/services focused on women, elderly, the disabled etc).
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.