Flat6Labs to launch 12th cycle in January with larger seed funding

Flat6Labs to launch 12th cycle in January: Our friends at Flat6Labs will launch their 12th startup accelerator cycle in January 2019. Startups that are accepted for the 12th cycle can expect to receive between EGP 500k and EGP 750k in initial seed funding and up to EGP 2 mn upon graduation, the firm said in a press release (pdf). Startups will also receive grants of EGP 25,000 if they meet certain social impact criteria. “Flat6Labs Cairo is now proud to offer an even more attractive package than before for visionary Egyptian entrepreneurs looking to scale their businesses in Egypt and MENA,” CEO Ramez El Serafy said.