Frequently Asked Questions

ABOUT US

FUNDING

  • How much funding do companies receive?
    • Once selected for the program, each startup will receive a funding of EGP 100,000 for an equity stake of 4%. During the program, startups may receive additional funding of up to EGP 400,000 for an additional 4% stake, adding up to a total of 8% equity ownership by Falak.

THE ACCELERATION PERIOD

  • Why should I join the acceleration program?
    • 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. For more information, please visit the Falak experience section in our homepage.

APPLICATION

TEAMS

LOCATION

  • Do I have to be at the accelerator the entire period?
    • Yes. We require that you be primarily based in Cairo. This benefits you if you take advantage of the numerous acceleration opportunities, networking possibilities and coaching that we provide. The program is a major commitment, and we expect you to be present for a very intense ride! After the program you can relocate anywhere.

  • Does the program provide housing?
    • We don’t provide accommodation. However, we will connect you with other teams in the cohort and generally help in pointing you to viable options.

HOW TO REACH US