The best way to prepare is to think about your goals for the next 6 months. Startups should have a clear idea of which KPIs they want to focus on during the program. These can be specified with our mentors at the beginning of the program to determine a coherent trajectory and a plan of execution, even in the short term.
Frequently Asked Questions
Successful companies, in our experience, come in many different shapes and sizes, but have a few attributes in common at the early stage. These include: the quality of the founding team, how well they’ve considered their customer, the market size of their opportunity and their customers’ challenges, how this represents itself in the product they’ve created, and lastly how much funding is required to really demonstrate product market fit. The better articulated the above points are, the more comfort we feel in whether we can deliver value to the founding team.
We invest up to 10 startups per cycle. With 2 cycles per annum
Funding:
Once selected for the program, each startup will receive a funding starting from 250,000 with an equity stake of 5%. During the program, startups may receive additional funding of up to EGP 1,000,000, adding up to a total of 10% equity ownership by Falak.
Program:
1.Work space: Companies receive work space in a communal setting, meeting rooms, and WI-FI service. Additionally we’ve carefully handpicked a collaborative community of entrepreneurs eager to share their experiences and knowledge.
2. Mentorship & Business Development Advising: During your stay at the Accelerator program you will have access to our rich network of advisers and mentors
3. Funding: Companies in the accelerator program will be assisted in identifying variety of funding options. Companies will also be advised on preparation for investor pitches
Our program lasts for 6 months
We provide a fully equipped, state-of-the-art co-working facility in the Greek Campus, where entrepreneurs can attend speaker sessions, consultant one-on-ones, and special events. In addition, entrepreneurs enrolled in the program are free to use the co-working facility to work with their respective teams and possibly collaborate with other entrepreneurs.
Application Process:
Of course, we are excited to hear about how you’ve changed since the first cycle of applications.
Online application
Interview – if you have been shortlisted for this stage, you will receive an email and a call to schedule your interview.
Boot camp – If you have been shortlisted for the next stage, you’ll receive an email to attend the Boot camp.
Investment committee – If you have been shortlisted for the next stage, you’ll receive an email to pitch to our investment committee.
Final selection and program begins
It takes time to process every application fairly and provide a full and detailed review. We will contact you once you have been selected, in order to schedule an interview. We will also let you know if your application was not chosen.
Teams:
Location
1.Work space: Companies receive work space in a communal setting, meeting rooms, and WI-FI service. Additionally we’ve carefully handpicked a collaborative community of entrepreneurs eager to share their experiences and knowledge.
2. Mentorship & Business Development Advising: During your stay at the Accelerator program you will have access to our rich network of advisers and mentors
3. Funding: Companies in the accelerator program will be assisted in identifying variety of funding options. Companies will also be advised on preparation for investor pitches
How to Reach us:
Please visit our contact us page.