Investment activities in Egypt continue to gain steam, not for startups only but also the funds backing them. Today, seed accelerator Flat6Labs announced the second close of its Egypt fund to support early-stage startups and provide follow-up investment. Launched in 2011, Flat6Labs is a regional seed accelerator with offices in Egypt and Tunisia.
500 Startups, one of the most active global early stage venture capital firms, has partnered with Sanabil Investments, a financial investment company, growth and small buyout, to launch the Sanabil 500 Mena Seed Accelerator Programme in Riyadh.
500 Startups and Sanabil Investments launch accelerator wamda.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wamda.com Daily Mail and Mail on Sunday newspapers.
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Startup accelerators uplift the startup by providing the right support including finances and expert advice for a headstart. Startup accelerators play a key role in nurturing and leveraging ideas. The primary task of an accelerator is to scale up the entrepreneurial spirit and be a mainstay of economic development.
There’s a lot more than your product idea that makes your business successful and startup accelerators enhance the same by equipping the funding to mentor to resources.