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Flat6Labs Cairo Goes Robotic & Opens Doors To More Startups Promising Them Over $20,000 In Seed Capital

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 flat6Flat6Labs Cairo has said it will be launching new mentorship and training programs to accommodate up to 10 startups , give them over $20,000 in funding (up to EGP 200,000 in cash and services per startup for an equity stake of 10-15%), and extend the incubation period (5 month cycle).

“We are also revamping our perks program, offering our entrepreneurs even greater free startup perks and exclusive deals to benefit from, the Cairo-based accelerator announced.

 

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The accelator also said it will launch a new 5-day ‘Bootcamp’ training program at the beginning of each cycle to aid in the selection process. Similar to the ‘Lean Startup’ approach, the  ‘Bootcamp’ will be run by help of Flat6’s educational partners. It expects to have 20+ teams joining the bootcamp and each have a ready startup by the end before a selection committee to pick best teams to join its Flat6Labs Cairo program.  It will be conducting two cycles every year: Spring cycle (from January till May) and Fall cycle (from July to December end).

 

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Flat6Labs Cairo has already had 6 cycles and  incubated 36 startups from various technology and industry sectors but in the upcoming cycles it wants to shift to B2B, SaaS, cloud computing, green & renewable energy technologies, digital content, tech-enabled farming & agriculture solutions, healthcare, financial services, wearable computing, e-commerce, 3D printing/manufacturing, language/translation, mechatronics/robotics.

The first Flat6Labs’ accelerator was launched in Cairo in 2011 by Sawari Ventures, in conjunction with the American University in Cairo.

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Founded in 2011 in cairo,  two years ago, Flat6Labs has been fulfilling its mission of creating entrepreneurial companies and launching new startup accelerators in the most vibrant ecosystems across the MENA region.

Flat6Labs Cairo is currently accepting applications for its upcoming “Spring 2014” Cycle, which is scheduled to start January 2014. You can apply into the program  here.

 

 

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Sam Wakoba
Sam Wakobahttp://techmoran.com
Taking you on tour through Africa's tech and business ecosystem, one story at a time since 2010! Based out of Nairobi, Kenya, Sam is the founder and managing director of Moran Media, which runs  TechMoran.com, various other digital platforms and a startup incubation hub for Kenya's youthful entrepreneurs. Drop me a mail at [email protected]

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