We took a look atFlat6Labs,a Cairo-based accelerator in October when itlaunched its first
cycle with 5 startups under its wing. Fast forward 7 months later, and the accelerator isgraduating its second cycle of startups.Founded by venture capital firmSawari Ventures and the
American University in Cairo, Flat6Labs offers applicants atypical accelerator experience
providing office space, mentoringand up to $12,000 in funding. In return, Flat6Labs gets a 10 to 15% stake of equity in theparticipating companies.
Flat6Labs‟ second cycle graduated seven Egyptian startups in e
-commerce, entertainment,education and social networking.
GyroLabs aims to bridge the gap between the traditional TV mediumand the online world. Co-founded by Ahmed Fathalla and HusseinKhalifa, the startup is bringing smartphone applications thatcomplement the TV viewing experience, a space which is relativelyquiet in the Middle East.The GyroLabs app will give users additional information about what
they‟re watching, as well as add a social media experience to the
TV-watching process, makingit more interactive.Looking at the full picture, the app is about more than just giving the end-user access to morecontent, but also gives broadcasters the chance to get targeted and tailored mobile content in thehands of their audience.