Flat6Labs celebrated its 7th Demo Day in Tunis on Thursday, July 8, in an online event that gathered more than 1000 live viewers. The ceremony was also an opportunity to announce a new investor in the Anava Seed Fund, Flat6Labs’ investment vehicle in Tunisia: Sawari Ventures.
The Demo Day commemorates the 4 months of work that the startups have done with Flat6Labs since the beginning of each cycle. It’s an opportunity to showcase their growth to a range of potential stakeholders: customers, investors, companies, and more, who will be willing to further support the scalability of these businesses. Since 2011, Flat6Labs has organized more than 40 Demo Days, giving more than 320 startups visibility and a chance to grow in the region and around the world.
Sawari Ventures, one of the leading venture capitals in the Arab world, joined TAEF, BIAT, Meninx Holding and the International Finance Corporation, a member of the World Bank group, with an investment amount of 4.5 million Dinars.
“We are very proud of our investment in Anava Seed Fund. We have been following their progress closely and we are more than convinced that Tunisia has brilliant entrepreneurs working on very promising startups” says Wael Amin, Partner at Sawari Ventures.
The startups supported during the 7th cycle of Flat6Labs in Tunis are:
- -Ahkili: A mental healthcare booking platform connecting psychologists to patients through telemedicine
- -Dokken: A one-stop-shop solution for business owners looking to create their websites in less than 5 minutes and for a low monthly fee
- -LAMMA: An urban carpooling app that focuses on comfort while reducing time and money spent on daily mobility
- -Ms. Marion: An innovative ready-to-wear brand dedicated to working women in formal working environments
- -Proservy: A platform that digitizes office administration, management and logistics to help companies focus on their core business
- -Reedz: A mobile app that offers Arabic language podcasts & interactive book summaries in text and audio formats
- -Shifti: A centralized online management solution that facilitates the creation of custom e-commerce websites and automates management tasks
- -WeMove: An online fitness marketplace for pay per use gym passes
It is possible to get in touch with the startups through this link.
Flat6Labs, MENA’s leading seed investor and the largest manager of startup programs in the region, has announced the launch of a new USD 20 million Seed Fund in Jordan. Created to nurture the growth and development of early-stage companies, the Jordan Seed Fund (JSF) has achieved a first close of USD7.4 million and attracted contributions from prominent investors such as the International Finance Corporation (IFC), the Innovative Startups and SMEs Fund (ISSF), Beyond Capital, Bank Al-Etihad, and GMS Ventures & Investments.
Applications for the program’s first four-month cycle are now open. Participating companies will have the opportunity to benefit from a cash seed investment of up to JOD 50 thousand each, together with potential follow-on funding of up to JOD 120 thousand. In addition to attractive funding opportunities, startups will benefit from the Flat6Labs Amman seed program. The program will run over a five-year period and is set to deliver a host of benefits to between 14 and 18 startups every year, including office space, world-class mentorship and access to Flat6Labs’ regional network.
The program is specifically targeted at startups in innovation-based and knowledge-driven sectors such as Information and Communication Technologies, Software Solutions, Education, Healthcare, Digital Content and Games, Hardware, Electronics, Manufacturing Solutions, Renewable Energy, Agricultural Solutions, Big Data and Analytics, FinTech and Payments, Media, and Entertainment. Each of the selected startups will receive tailored support designed to help them scale and grow their businesses, with the long-term goal of creating regional, and ultimately global, champions.
Participating companies will also benefit from opportunities for regional exposure and mentorship through Flat6Labs’ extensive international network, together with coaching from established business leaders. Each startup will be paired with at least three highly experienced mentors. In addition, Flat6Labs Amman will arrange Demo Days, support fundraising and business build-out, and deliver a full spectrum of support designed to help new businesses flourish.
Ramez El-Serafy, Flat6Labs CEO, commented: “We are delighted to expand our presence into Jordan with the launch of an early-stage fund and seed program, which creates exciting opportunities for local startups. As the region’s leading seed and early-stage venture capital firm, Flat6Labs is well placed to support the aspirations of the Kingdom’s talented entrepreneurs and help them take their businesses to the next level. We aim to support the growth and development of Jordan’s start-up ecosystem, and thus contribute to a thriving national economy.”
Rasha Manna, General Manager of Flat6Labs Jordan, added: “Jordan is home to a pool of talented entrepreneurs who are ready to showcase their ideas to the world. We provide foundational support to startups through funding, mentorship and networking opportunities across the region and beyond. We are excited to now open applications for our first cycle and look forward to starting work with Jordan’s most promising startups in the very near future to help them effectively scale and grow their business.”
Laith Al-Qasem, CEO at ISSF shared: “ISSF has been mandated to improve the Jordanian entrepreneurial ecosystem through acting as a fund of funds and through facilitating the creation of new funds to serve the investment needs of entrepreneurs and start-ups along their journey towards success. Flat6Labs fills an important gap and role by providing studied equity capital starting from seed stage accompanied by competent hands on incubation and mentoring which will facilitate speedier and more focused growth in the investments they make.”
“Jordan is an attractive market for entrepreneurship and early-stage capital given its young and increasingly urban population, high rates of technology adoption, and increasing government support,” said Abdullah Jefri, IFC’s Country Manager for the Levant “Addressing the funding gaps will help build a robust startup ecosystem to tap into this potential and spur innovation and economic growth in Jordan and the region.”
Launched in 2011, Flat6Labs has grown to become the MENA region’s leading startup accelerator managing seed funds with a total AUM of more than $85 million. The company has run over 40 seed program cycles, funding the creation and seeding of more than 320 companies. Approximately 40% of Flat6Labs’ graduating companies have succeeded in securing follow-on rounds of funding from regional and global institutions and individuals at higher valuations, translating to an unrealized IRR in excess of 25%.
Applications for the Flat6Labs Amman Seed Program are open now. To find out more, please click below.
Building Capacities for 20 Regional Supporting Structures in Tunisia
Launched by Flat6Labs, Ignite Tunisia is a capacity building program for regional support structures in Tunisia and is a part of the “Innov’i” initiative which is funded by the European Union and implemented by Expertise France.
Given the fact that 90% of startup support structures are based in the capital Tunis, Ignite Tunisia is a program that aims to boost regional ecosystems by transferring skills and expertise in the implementation of support programs for startups that Flat6Labs has acquired for more than a decade of operation across the MENA region. The program will be implemented during 24 months and will support 20 structures over 3 cohorts.
More than 80 support structures from all over Tunisia have applied to be part of the first cohort of Ignite Tunisia and benefit from a total review to their program and access to the extensive network of experts, mentors and investors from Flat6Labs
“Ignite Tunisia was born after a reflection of more than two years. We were able to identify the challenges encountered by regional support structures, which can range from the implementation of a program appropriate to the needs of entrepreneurs in each region to the economic model of the said structures. Through Ignite Tunisia , we have set ourselves the goal of transferring skills to enable regional structures and startups to have an active and innovative ecosystem” confirms Yehia Houry, Managing Director of Flat6Labs.
Ignite Tunisia ensures to provide the necessary tools to put together a clear strategy in order to build the capacities of 20 structures such as incubators, co-working spaces, non-governmental organizations as well as public structures operating directly with startups. The main goal is to ensure the viability of the structures and to capitalize on the number of startups created in the regions.
The program will also include the gathering of a community composed of multiple structures in order to optimize exchanges and facilitate contacts between the different actors.
Ignite Tunisia also aims to provide specific responses to the needs of innovative support structures, by offering a multitude of training to guarantee their success and sustainability and especially, the creation of a regional strategy.
“By supporting 20 structures in the different cities, Flat6Labs contributes to increased regional integration of the Tunisian ecosystem and creates a better climate and networking opportunities to support entrepreneurs. It is also a great way for disseminating the culture of innovation and for opening up access to new opportunities for project leaders ”adds Clara Guilhem, Innov’i project manager.
From Left to right: Dina El Shenoufy (CIO, Flat6Labs), Ramez El-Serafy (CEO, Flat6Labs), Marie Therese Fam (Managing Partner, FlatLabs Egypt), Albert Malaty (Managing Director, Flat6Labs Egypt)
Flat6Labs, a regional Seed Program and Fund, announced today the second close and increase of its Egypt fund from EGP50 million to EGP207 million, to support Egyptian early-stage startups. Flat6Labs has also announced that it’s raising its cash seed offering for its Cairo Seed Program to up to EGP1.5M, and up to EGP3M in post-program follow-on funding for selected startups.
The Flat6Labs Accelerator Company (FAC) Egypt fund was launched in 2017 to invest in 100+ innovative startups across Egypt over the span of five years, with a focus on tech-enabled solutions. Over the past three and half years of the investment period, the Flat6Labs Cairo Seed Program has run 7 cycles, invested in 62 startups, trained over 350 founders, and created over 1,000 jobs – 96% of which are youth between the ages of 19-35. Around half of Flat6Labs’ portfolio companies in Egypt have received follow-on funding with a total of EGP145,000,000.
The FAC fund’s existing Anchor Investors include the International Finance Corporation, the MSME Development Agency, the Egyptian American Enterprise Fund, and Egypt Ventures, who have all increased their commitments in the FAC fund to support more early-stage technology startups in Egypt. Sawari Ventures, the latest significant investor in the FAC fund, has also participated in the second close of the fund.
Wael Amin, Managing Partner at Sawari Ventures, said “Flat6Labs Egypt plays an integral role at the seed stage within the local and regional ecosystems; successfully providing the foundational support startups need through funding and mentorship, which is appealing for us. At Sawari Ventures, our fund strategy has always been to allocate a percentage of our fund to the seed stage which is a completely different proposition in terms of process, culture, and support needed. As investors in Flat6Labs Accelerator Company, we get the opportunity to profitably participate in Egyptian companies at a very early stage, get early indicators on ecosystem trends, and visibility into the ecosystem.”
Argineering’s Team, a startup that FAC invested in, at their office.
Marie-Therese Fam, Managing Partner at Flat6Labs Egypt, said “I am extremely proud of our fund’s second close and the incredible support we have received from all our investors.
“Flat6Labs is participating in the development of the startup ecosystem in Egypt. We are proud to support them in helping our community embrace the digital economy”, added Ahmed Gomaa, CEO of Egypt Ventures.
Highlighting Flat6Labs’ role in nurturing a promising startup ecosystem and closing the financing gap for entrepreneurs in Egypt, James Harmon, Chairman of the EAEF, said “We believe that startup accelerators are instrumental to building a robust entrepreneurial ecosystem, we are proud of Flat6Labs’ efforts and role in building the startup ecosystem in Egypt and will continue to support them as they fill an important financing gap in the market.”
Chefaa’s team, a startup that FAC funded, at their office
Hany Emad, Head of Central Sector for SME Finance at MSMEDA, added, “We consider Flat6Labs as one of our strategic partners and due to the success achieved during implementing the first close, we decided to increase our commitment to reach EGP 35 million.”
“We are very excited to expand our partnership with Flat6Labs and increase our commitment to up to $2.5 million. We invested in Flat6Labs back in 2017 as part of IFC’s Startup Catalyst program and have since supported its growth and expansion in Egypt and more broadly in the region,” said Walid Labadi, IFC’s country manager for Egypt, Libya, and Yemen.
Flat6Labs Egypt will continue to support bright, passionate, and tech-driven entrepreneurs in Egypt, by providing funding, technical assistance, and networking opportunities across the country and beyond. Flat6Labs Egypt thus continues to be a pillar of the digital transformation of the Egyptian economy building successful, job-creating startups contributing to the overall economic growth in Egypt.
Applications are now open for Flat6Labs’ Cairo Seed program, apply here.
DisruptAD, one of the region’s largest venture platforms, is partnering with Flat6Labs, MENA’s leading seed investor and the largest manager of startup programs in the region, to launch Ignite, a new start-up accelerator in Abu Dhabi that will support early stage companies with AED 120 million in funding and other benefits including office space and mentorship.
The program is part of DisruptAD’s broader mission to support and nurture 1,000 start-ups over the next five years and create a thriving local community of founders, fund managers, incubators and accelerators in Abu Dhabi. Ignite will be the first of many such accelerator partnerships for DisruptAD.
The launch of Ignite in partnership with Flat6Labs underpins DisruptAD’s long-term desire to maximize value creation and deliver long-term economic benefits for the UAE by seeding businesses that are technology pioneers and change leaders.
The program will run over a three-year period, investing in 20 startups every year. Applications for the first cycle will be open until 30th of April 2021, offering participating companies the opportunity to benefit from a seed investment worth up to AED 550,000, together with follow-on funding of up to AED 2 million. Startups will also receive tailored support designed to help them effectively scale and grow their businesses to become regional champions and ultimately global champions.
As part of the Ignite program, startups will benefit from opportunities for regional exposure and world-class mentorship through Flat6Labs’ international connections and top-tier coaching. These companies will also enjoy access to DisruptAD’s network and resources. The program will organize Flat6Labs Demo Days, support fundraising and business build out, and ultimately offer the full spectrum of support needed for start-ups to thrive and flourish in Abu Dhabi.
Ramez El-Serafy, Flat6Labs CEO, commented: “We are delighted to partner with DisruptAD for the launch of this three-year program. Flat6Labs’ presence in Abu Dhabi opens up exciting new possibilities, not only for this program but for the long-term evolution of Abu Dhabi as a global start-up destination. Together, we will harness our accumulated knowledge and experience to better serve the entrepreneurial ecosystem and create unique opportunities for promising startups.”
To find out more about Flat6Labs Ignite, please visit this link.
Flat6Labs, MENA’s leading seed and early stage VC, and manager of startup programs in the region, introduces a new streamlined visual brand identity and a new unified website. Given Flat6Labs expansive operations and impact across MENA over the past 10 years, the new brand identity is launched to ensure a consistent and enhanced experience for entrepreneurs, partners and investors alike across the region.
As part of the unified brand language, Flat6Labs will now be identifying its flagship VC-backed programs as “Seed Programs” instead of “Accelerator Programs”, while still offering ticket sizes ranging from $50K to $500k, supporting startups through their early journeys from Pre-Seed all the way to Pre-Series A stages.
Flat6Labs also manages a wide range of startup programs across the region, from bootcamps and incubation programs helping entrepreneurs spark and develop venture concepts, all the way to bespoke corporate accelerator programs in different industry verticals enabling startups to build prototypes, and helping them access their target markets.
Ramez El-Serafy, Flat6Labs CEO commented: “Launching this new and unique brand identity is far from just a visual change. We are streamlining our operations across all our offices in MENA, bolstering our efforts to support more innovative entrepreneurs, and laying the groundwork for exciting developments in our offerings to startups and partners that we will announce very soon.”
With an active presence in six countries, Flat6Labs has invested in more than 300 startups to date with a combined investment value of around $35M, creating more than 8,000 jobs across a wide range of industries. Flat6Labs is currently managing a number of seed funds with total assets under management (AUM) exceeding $45M, with more than 20 leading institutional investors and Limited Partners (LPs).
To download the new Flat6Labs brand kit click here.
Flat6Labs Cairo, the leading Startup Accelerator in Egypt, helds its Spring 2020 Demo Day with eight new startups graduating from its first cycle of fiscal year 2020.
Flat6Labs Cairo’s Spring 2020 cycle commenced on February 16th in 2020 and welcomed eight promising new teams, filtered from around 1000 applications, who are now excited 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 Fintech, E-commerce, Logistics, and SaaS, to Artificial Intelligence, on-demand car services, Freelance Marketplace, and Bio materials, offering innovative technological solutions set to disrupt the market.
The eight innovative startups presented their projects online in front of thousands of viewers including local and regional investors, mentors, reputable technology experts, top entrepreneurs, and influencers from the region, and press, who are keen on witnessing the progress of the start-ups and the latest innovations in the region.
“We’re extremely happy to be graduating this latest batch of 8 startups, and cannot wait to see how they’ll continue to scale their businesses to a new level post Demo Day”. — Ramez El-Serafy, CEO of Flat6Labs“Our startups have been extremely resilient through a cycle that overlapped with COVID-19. They have developed and adapted their solutions to the pandemic. Personally, I am extremely proud of them.” — Marie-Therese Fam, Managing Partner of Flat6Labs Cairo
In 2017, Flat6Labs Cairo partnered with four anchor investors; the International Finance Corporation, MSME Development Agency, Egyptian American Enterprise Fund, and Egypt Ventures, as limited partners, to launch a new phase of the Flat6Labs Cairo Accelerator Program. Flat6Labs Accelerator Company (FAC) aims to fund 100+ innovative startups across Egypt, with a focus on tech-enabled solutions, during its five years of investment period. Since the launch of the FAC fund, Flat6Labs Cairo has received over 4,500 applications, trained more than 450 founders, ran 6 cycles, and invested in 52 startups.
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. 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. Flat6Labs Cairo has so far trained and funded 106 startups — including “legacy” startups that have graduated from the program since its launch in 2011.
The eight graduating startups that showcased their technologies and business ideas at Flat6Labs Cairo Spring 2020 Demo Day include:
- 3atlana : a mobile application that offers car services on the go and connects users to trusted service providers.
- Bosla : a voice analytics software that analyses human behavior.
- CreditGo : a payment aggregator for Small Businesses.
- Inploy : an online marketplace that connects businesses to premium freelance talent & SME’s.
- Mycelium : transforming agriculture waste into new material that replaces plastic and synthetic wood.
- Opio : a digital Women’s fashion brand.
- Tayar : Fleet Management SaaS powered by AI to automate and optimize home delivery operations for businesses.
- Wedel : an on demand shipping and delivery hailing mobile application.
Check out the Demo Day and our startups here
Flat6Labs Tunis has proudly celebrated it’s fifth Demo Day on Wednesday May 13th at 2 PM Tunis time / 1 GMT online, with 8 innovative startups presenting their businesses to hundreds of registered attendees.
The fifth cycle includes startups operating across a range of industries including Industry 4.0, Automotive, Marketplaces, Robotics, Education, FinTech and Tourism. All startups have technology at their core and ready to showcase their products to potential investors, media and the larger business community.
You can view and connect with the startups here: https://demoday.flat6labstunis.com/.
The accelerator has strategically worked to expand its network by constantly promoting new partnerships with stakeholders in the public and private sectors. Its main partners are Meninx Holding, the Tunisian American Enterprise Fund (TAEF), BIAT Bank, as well as the International Financial Corporation (IFC) who joined the fund last year. The recent partnership with IFC includes an investment of $1M in the Anava Seed Fund managed by Flat6Labs Tunis to encourage women and youth initiatives, in addition to technical support to the accelerator.
During the past 3 years of operations, the startup accelerator and investment fund has reached many important milestones that include supporting its portfolio by securing follow-on funding, creating jobs, increasing awareness about entrepreneurship and supporting startups across the local ecosystem in Tunisia.
Flat6Labs Tunis has received more than 1,500 applications, but only 36 Tunisian Startups were chosen for our five cycles and they were the ones who graduated from the program with an initial investment of 200,000 TND, in addition to technical perks, rigorous training, coaching, access to an extended network of investors that enhanced their business development and their products and services.
Moreover, the accelerator played a major role in inspiring young people towards entrepreneurship by engaging with the community and partnering with local universities and professional organizations with a major focus on entrepreneurship such as Open Startup Tunisia and Enactus, as well as corporates like E&Y and Meubles Intérieurs.
Flat6labs Tunis also organized large events such as Startup Open Doors which gathered more than 100 startups across the country during the Global entrepreneurship Week. Flat6Labs also hosted a Job Fair in collaboration with the Facebook Developers Circle where 35 startups offered more than 100 jobs to 500 participants. And last year, Flat6Labs Tunis launched the Investor Academy, an initiative focused on creating awareness about investment in innovation and startups specifically focusing on Business Angels.
Subscribe to the event: https://demoday.flat6labstunis.com/
Flat6Labs Bahrain held its fourth Demo Day, also its first Digital Demo Day for its 4th Cycle on the 6th of May, 2020, where 7 innovative startups presented their businesses virtually to hundreds of registered online attendees.
The 4th Cycle included startups addressing problems with unique solutions across an array of industries including Telehealth, Education & Student Services, F&B, Lifestyle Applications, Fashion Tech, Exergaming, and Fitness Applications. All of the startups have technology at their core and are ready to showcase their product to potential investors, the media and the greater business community. Registration for the digital event can be made at:
The graduation of the latest batch means that Flat6Labs Bahrain has successfully completed four Cycles since its launch in March 2018. Within its 2 years of operations, the accelerator has reached several milestones which include job creation, supporting startups & the local ecosystem, raising awareness on entrepreneurship in the country, engaging with youth and women through community engagement activities, supporting its portfolio with securing follow-on funding and more.
Out of 1,100+ applications that were received by Flat6Labs Bahrain, a total of 28 companies both Bahraini and international have graduated from the programme with a USD $32K seed investment, as well as rigorous training, coaching and mentoring that have enhanced their business development and product/services offered. Several of these have gone on to receive much traction and become renowned names in the Kingdom’s startup ecosystem such as Inagrab, Telp, Sinc, Majra, Tamarran, Akalati and Springring. Through its expansive network of VCs in the region which include Faith Capital, 500 Startups and Arzan VC; the accelerator has successfully supported several of its portfolio companies in raising a collective sum of USD $1.6 Million in follow-on funding; over a 2x multiplier of the initial invested amount.
Flat6Labs Bahrain has also contributed to economic growth in the country through not only investing in innovative & youth led businesses, but in job creation as well. Together with its 28 companies, 100+ full-time jobs and 70+ internships have been created. Furthermore the accelerator has played a key role in inspiring youth towards entrepreneurship through its community outreach by partnering with all the local universities and professional institutes and conducting workshops to educate the public on how to approach launching a startup , offering its space for free for ecosystem events, participating in key ecosystem activities, mentoring through programmes such as Injaz, Mashroo3i and Intelaaq, speaking at panel discussions related to startups, youth and women, sponsoring prizes in startup competitions by offering a seat in the Cycle Bootcamps, and organising its own community events such as its Women in Startup panel during GEW 2019.
The accelerator has worked strategically to expand its network by consistently fostering new partnerships with public and private sector stakeholders. Its two main partners are Tamkeen and EDB, however Flat6Labs Bahrain has also forged over 40 partnerships which include Zain Bahrain, its official Telecom Partner, AWS, Microsoft, GAN, Bahrain Fintech Bay, Tenmou, Charles Russell Speechlys, BIBF, Ahlia University, University of Bahrain, Royal University for Women, Arabian Gulf University, and many more.
Pakiza Abdulrahman, Head of Startups at the Bahrain EDB, said: “Flat6Labs Bahrain is a key contributor to the Kingdom’s fast-growing startups ecosystem. It achieves tangible results for its portfolio companies — whether they be innovative homegrown, Bahraini startups or international entrepreneurs seeking a regional base to grow and scale their ideas and businesses. These local and international startups are the backbone of our ecosystem. I look forward to congratulating many more Flat6Labs Bahrain graduates in the years to come.”
Check out the Demo Day and our startups here.
StartEgypt, the pre-acceleration incubation program, established to inspire and support thousands of Egyptian entrepreneurs in the field of social impact enterprises, held its second annual forum to showcase its 45 graduating startups, from all over Egypt incubated in Cairo, Assiut, and Alexandria during 2019.
StartEgypt Forum is an annual showcasing event that presents the incubated startups culmination of efforts during the previous year. The startups get the opportunity to present their businesses to investors, leading business professionals, government officials, press, and coaches & mentors to expand their business connections in order to take their ideas to an even more advanced stage.
The four-month incubation program, funded by the United Kingdom’s Department for International Development (DFID), supported by the International Finance Corporation (IFC), a member of the World Bank Group, and powered by Flat6Labs, provides training, educational mentorship, and coaching by industry leaders. As well as, technical and business support to social impact startups in the fields of Education, Agriculture, Healthcare, Renewables, Environment, Transportation, Financial Inclusion and Marginalized Communities.
The program had originally launched in Cairo in 2017, with the first cycle starting in June, 2018. After their launch in Cairo, StartEgypt recognised the potential that entrepreneurs in non-centralized cities had. Therefore in 2019, the program has expanded to Assiut and Alexandria, graduating 45 social impact startups over the course of two cycles in Cairo, two cycles in Assiut, and one cycle in Alexandria, with entrepreneurs coming from all over Egypt, and startups working across various industries offering innovative solutions to disrupt the market.
Hassan Mansi, StartEgypt Program Director, said: “I am extremely proud of the efforts exerted in this program, we have undergone an amazing journey with amazing achievements. To date we have executed more than 45 events, reaching out to over 15,000 participants, partnering with caliber community partners in the ecosystem, receiving over 4,000 applications, and finally incubating 72 competitive startups from across Egypt. Moving forward, the whole team is excited and ready to increase the efforts to excel and reach out to more entrepreneurs across Egypt and inspire them into this new promising futuristic market in Egypt.”
The Forum is designed, along with showcasing the incubated startups, to provide an outstanding experience for over 1,000 guests interested in entrepreneurship, starting with a morning Startup Huddle, engaging activities like the Fight Club Competition and Ecosystem Activation Game, exceptional panel discussions about Female Founders and Impact Investment, and different hands-on workshops provided by Google, Dell Technologies, Cleopatra Hospitals, and Shell.
Eleven startups, out of the 45, have been qualified to end the day with a thrilling pitch competition in front of a judging panel for a chance to win EGP 200k in total, awarded to the following top 5 startups:
- 1st Pyro awarded EGP100K
- 2nd Biofeedx awarded EGP50K
- 3rd Mycelium awarded EGP20k
- 4th Banalistic awarded EGP10K
- 5th Shalta awarded EGP10k
The eleven social impact startups come from a variety of industries and use different technologies, including:
- Mycelium: A biotechnological company that grows eco-friendly biodegradable bio polymer (mycelium) on agriculture waste to make sustainable products that can replace the plastic in the field of packaging, construction, and furniture.
- Shetla: A mobile application that assists farmers in agricultural operations, irrigation and fertilization and the detection of diseases.
- Smart Farm: Utilises unused roofs across urban areas to make way for a small roof garden that provides food for the tenants.
- Hadotopia: Hadotopia offers a plethora of content including stories and information for all ages. Content is offered in traditional arabic, slang arabic, and english. The platform targets parents in an effort to help them educate their children.
- Mashro3i: A website platform that connects student’s graduation projects with entities that helps them to commercialize it.
- Banlastic: Banlastic introduced the eco-friendly shopping bag(cloth): an alternative to the plastic shopping bag, which will be a strong starting point for people to stop consuming single use plastic bags which has a very adverse impact on the environment as each Banlastic bag is reusable.
- Ero: Ero is a waste management startup that was initiated to create innovative solutions for paper leftovers. We collect, recycle and produce paper commodities to substitute environmentally irresponsible materials. Ero is a Finnish word for difference, which is what we plan to create.
- Pyro: Pyro offers an on-site customized Pyrolysis system which works on any agricultural waste to generate bio-charcoal. The system takes in the cellulosic agricultural wastes and produces bio-charcoal as briquettes.
- Biofeedx: A wearable gadget that accurately measures the muscle’s electrical activity during workout. The measured data is visualized on the user’s mobile app in a gamified visual feedback (mobile phone game). The app sends a report to the coach/doctor about the user’s performance with the ability of the coach/doctor to modify the user’s training parameters. It also allows current physiotherapy access and monitors a larger number of patients, reduces the cost of rehabilitation on patients and offers a more efficient and objective way of remote patient monitor rather than home care which accelerates the healing process.
- i-Sew: A mobile app that connects the disabled community with fashion designers who want to make their designs in a professional, cost effective manner in a short time. We help involve people with disabilities in our society while providing a reliable income they could live off. SDS offers a workshop space where disabled people assist designers in creating their products.
- Naql Misr: A digital online platform for providing logistics transport services to serve individuals and commercial and industrial institutions through the operation section to management and operate a fleet of different transport trucks.