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
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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
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.