Tech in Africa
9 innovative startups have publicly launched at the Fall 2021 Demo Day in Cairo, the first in-person demo day since the Covid-19 pandemic broke out on November 24th at the Nile Ritz-Carlton hotel. The startups graduating from the 17th cycle of the Cairo Seed Program will look to present new products and services to different stakeholders, such as corporates, customers, investors, and more who are working to support business scalability.
Albert Malaty, the Managing Director of the Flat6Labs’ Cairo Seed Program pointed out how the program is highly tailored to provide the cohort with maximum value in order to grow and achieve impact. Additional services offered are coaching sessions, training, networking opportunities, perks and services, and legal support.
Flat6Labs Cairo offers a seed investment of EGP 1.5 million in exchange for 10% equity. Marie Therese Fam, Managing Partner of Flat6Labs Egypt said that in addition to seed ticket funding, the program provides “follow-on funding tickets to select startups can reach 3 million Egyptian pounds.” Graduating startups are offering solutions in the fields of E-commerce, SaaS, Food & Beverage, Health Tech, and Education Technology.
Dr. Amr Talaat, the MCIT and Flat6Labs’ Founder Ahmed El Alfi said that the creative solutions provided by the startups tackle some of the region’s issues.
The participating startups are fintech Edupay, B2B e-commerce web/mobile app Elmawkaa, Kitchen-As-A-Service platform Kokens, mobile e-commerce store PacknSave, on-demand 3D radiological service provider Qubx, restaurant tech solution Venu, all-in-one meal planning and ordering app Zatona Eats, crop management, monitoring, and Farm-to-fork product traceability service Zr3i, and online will maker Waseya.
The next cycle of the Cairo Seed Program starts in February. Startups can apply here
Source: Flat6Labs
