Flat6Labs Cairo, the leading Startup Accelerator in Egypt, is proudly graduating a new batch of outstanding startups that are going to present their businesses online to hundreds of registered attendees during Spring 2020 Demo Day on Wednesday, June 24th, at 5 PM Cairo time / 3 PM GMT.
The Spring 2020 cycle commenced on February 16th and welcomed eight promising new teams with innovative products and services in Fintech, E-commerce, Logistics, SaaS, Artificial Intelligence, on-demand car services, Freelance Marketplace, and Bio materials. All startups have technology at their core and ready to showcase their products to potential investors, media and the larger business community. You can register for the digital event from this link.
With the onset of the COVID-19 pandemic, all the cycle activities including one-on-one meetings, training and mentorship sessions, pitch nights, and program events were swiftly and successfully transitioned and completed online, demonstrating the remarkable support of the wider startup community and a strong determination by the startups, as well as the ecosystem at large to adapt to the new normal.
Albert Malaty, Flat6Labs Cairo’s Managing Director says “We started our cycle in the middle of February at our office in Giza, and a few weeks later in response to the COVID-19 outbreak we promptly moved our accelerator program online.”
Shady Mokhtar the CEO and Co-Founder of Opioshop.com, which is one of the startups presenting at Spring 2020 Demo Day, says “I was surprised by how quickly the Flat6Labs Cairo team was able to move everything online. We resumed all program activities within the first week of lockdown as if nothing happened, and the program went very smoothly throughout the remaining 3 months of the cycle.”
All teams have worked tirelessly on improving their product-market fit and increasing their customer traction. Flat6Labs Cairo supported them by including over 160 hours of rigorous training and coaching sessions on topics ranging from growth hacking to financial modeling, which were supplemented with weekly one-on-one mentorship sessions to support these entrepreneurs in developing their companies.
Flat6Labs Cairo fosters and invests in bright and passionate Egyptian entrepreneurs with cutting-edge ideas, and supports them by providing access to a vast network of local and international investors, industry experts, partners and corporations. With a fund size of EGP 100m, Flat6Labs Accelerator Company (FAC) aims at investing in up to 100 early-stage startups and 300+ entrepreneurs, during its five years investment period. Every six months, Flat6Labs Cairo provides seed capital to eight to ten new startups, each company receives from EGP 500K to EGP 750K in funding for up to 10% equity.
You can register to attend Flat6Labs Cairo’s Spring 2020 Demo Day and enjoy the digital experience here.