According to IFC website, Flat6Labs Accelerator Company S.A.E is a Cairo-based accelerator that is raising EGP 50 million to support 100 early stage companies in Egypt, primarily in the ICT sector.
(i) Address funding gap for seed stage investments: Flat6Labs Cairo will support approximately 100 early stage companies, helping to fill the void of early stage capital. More broadly, IFC would like to help build and support local, sustainable ecosystems for entrepreneurship and venture capital. (ii) Support local entrepreneurship: Through its bootcamp, acceleration cycles, and various internal and external events, Flat6Labs Cairo will help support entrepreneurship. Over the investment period, Flat6Labs Cairo hopes to mentor 300 founders/entrepreneurs. (iii) Job Creation: From the approximately 100 companies supported through the accelerator, Flat6Labs Cairo expects those that are able to successfully raise follow-on funding to directly and indirectly create 1,500 new jobs.
Flat6Labs Cairo will be managed by Sawari Ventures for Incubators S.A.E (“Flat6Labs”), an Egyptian company established in 2011 by Ahmed El Alfi and Hany Al Sonbaty with Ramez Mohamed as CEO, and Dina el-Shenoufy as CIO.
Project Contact: Ramez Mohamed
Sawari Ventures for Incubators S.A.E
Office Address: 1 Dr. Mohamed Sobhy St., Giza
2nd Floor, Flat 6, Cairo, Egypt
Contact No.: +20 2 3568 5856
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