Flat6Labs Cairo graduates eight innovative startups adapting solutions to Covid-19 implications

Flat6Labs Cairo graduates eight innovative startups adapting solutions to Covid-19 implications

Flat6Labs Cairo graduates eight innovative startups adapting solutions to Covid-19 implications - Economy - Business



Flat6Labs Cairo, a startup accelerator in Egypt, announced the graduation of eight new start-ups from its first cycle of the fiscal year 2020 during its Spring 2020 Demo Day.

Flat6Labs Cairo's spring 2020 cycle commenced 16 February and welcomed eight teams, filtered from around 1,000 applications, who are now ready to launch their businesses to the general public.

This cycle has entrepreneurs coming from all across Egypt and the startups are working across various industries, from home automation, health tech, logistics, and SaaS, to artificial intelligence, on-demand car services, freelance marketplaces, and biomaterials, offering innovative technological solutions set to disrupt the market, according to a statement.

Flat6Labs Cairo fosters and invests in Egyptian entrepreneurs which have 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 100 million, Flat6Labs Accelerator Company (FAC) aims at investing in up to 100 early-stage startups and plus 300 entrepreneurs, during its five years investment period.

Every six months, Flat6Labs Cairo provides seed capital to eight to 10 new startups.