|Investment Size (per company)||Up to 1,000,000 EGP|
|Additional Perk Services||EGP 300,000|
|Stages||Pre Seed & Seed|
Complete your online application on our website. We are looking for non-traditional scalable businesses that have high potential for growth with limited funding. You should at least have a prototype, or a very innovative startup idea, and a minimum of two co-founders. You will receive a confirmation email once we have received your application.
You will receive an email from Falak Startups to notify you if your startup has been selected for an initial interview. Once we get in touch, we’ll schedule a face-to-face interview to evaluate your team and discuss your idea, market and business model.
After the interview, we will select our top candidates to attend a 3-4 week boot camp, where you will have the chance to work on your business model, growth strategy, financials and pitching, and develop specific skills that will help your business. The boot camp will be the final selection stage, and we will evaluate your startup and the founders based on our selection criteria.
Final startups will be selected and enrolled into Falak Startups. Congratulations! You made it. Now the real work begins.
Selected startups will get company establishment, and when things finally get official, you will receive initial funding of 500,000EGP for 5% equity.
Upon selection, you and your team will join us at Falak Startups for 5 months. You will be able to work at our co-working space, and the mentorship and execution phases will begin.
After 4 months of mentorship, trainings, sessions, support, and most importantly growth, you will feel confident enough to pitch your startup to a crowd of investors, businessmen, industry experts and the entire world. Demo Day is your graduation from our program.
Our journey doesn’t end here. We will continue to support you after you have graduated the program, and you will always remain part of the Falak Startups alumni. We will also be available to advise you on term sheets, investor meetings and longer-term business decisions that come up.