The Flat6Labs Cairo startup accelerator has concluded its latest programme with a demo day showcasing the 11 Egyptian startups graduating from its second cycle of the year.
Launched in 2011 as the first office of the Flat6Labs MENA regional startup accelerator, the Flat6Labs Cairo programme provides startups with cash funding of between EGP500,000 (US$31,000) and EGP750,000 (US$46,000) with access to possible follow-on funding.
Participating companies also gain access to strategic mentorship, office space, a multitude of perks and services from various partners, and entrepreneurship-focused business training and workshops.
The latest cycle commenced in August, with 11 startups chosen to take part from over 1,200 applications. It has now concluded with a demo day, where the startups pitched in front of an audience of Flat6Labs investors, mentors, government officials, experts and the media.
The 11 graduating startups include smart home solution developer AION, medical insurance platform Axon, cloud-based engineering solution BeXel, expert-finder Consulting Pad, medical service booking platform Curotrip, and business procurement service Fridge.
“We’re extremely happy to be graduating this latest batch of 11 startups and cannot wait to see how they’ll continue to scale their businesses to a new level post-demo day,” said Flat6Labs chief executive officer (CEO) Ramez El-Serafy.
“We can say with confidence that this group of entrepreneurs are go getters and relentless in their quest towards success, and we fully stand behind them even after they’ve left Flat6Labs Cairo’s doors.”