Egypt's First Homegrown FinTech Startup
The 1864 Accelerator constitutes the first local financial technology focused (FinTech) startup accelerator program of its kind in Egypt. Powered by Flat6Labs in partnership with Barclays Bank Egypt, the accelerator is a solid platform for fostering the (FinTech) innovation space in Egypt through enabling entrepreneurs to transform their disruptive ideas into commercially viable solutions.
In partnership with:
We’re offering
Funding
Each startup will receive up to EGP 150K in seed funding in exchange for minority equity stake (10-15%) in the...
Mentorship
Barclays will provide mentorship from carefully selected business leaders, executive and entrepreneurs to help develop the startups’ business model. When faced...
Coaching
A more casual style of mentorship, where one team meets with a coach for 30 minutes, as they discuss a...
Training
We provide our entrepreneurs with access to more than 60 international and local high profile mentors and a competitive curriculum...
Industry Support by Barclays
The startups at the 1864 Accelerator will have access to a wide range of financial platforms and great exposure to...
Notable Mentors
The process
APPLICATIONS OPEN
May 30, 2016
Startups can apply for the 1864 accelerator through the website and fill out a form via the F6S portal. The application window will be open for 2 months and the accelerator team will begin screening applicants for the next stage of selection. Six weeks before the cycle starts, Flat6Labs will organize a local Fintech Hackathon that will be directly supported by Barclays and will be a key event in introducing and promoting 1864’s first cycle.
The process
SELECTION PROCESS
August 7, 2016
After reviewing and filtering the application, the best teams will are inited to be interviewed in person by 1864 Accelerator and Barclays Bank Egypt. Based on interview results, The best 20 teams will be selected to participate in a 5 day bootcamp. The bootcamp is designed as an intensive workshop for each team to work on developing and testing their idea further and for us to better understand their business in more detail. It also serves as a very important...
The process
ACCELERATOR PROGRAM
September 18, 2016
Each accepted company will start the onboarding process with company registration. 1864 Accelerator team will help the startup teams begin operating as a fully-fledged incorporated business by helping them with signing term papers, company registration, legal agreements, and lightweight due diligence. After this point, you are ready to begin operating as a fully-fledged incorporated business.
The process
DEMO DAY & BEYOND
December 10, 2016
After teams receive orientation and are setup, they gain access to mentors & begin training. They then spend the first month of the program building and iterating the minimum viable product. The second month of the program focuses on market access where teams enter the market, begin acquiring customers & measure response. By the third month of the program teams are growing their company and analyze data to decide if they will pivot or proceed. At the end of the...
success stories
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Ahmed Saeed – Marketing Manager @ ABC
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John Smith – Marketing Manager @ ABC
notable companies
Business partners
