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FINANCIAL NEWS
Flat6Labs, Misr Entrepreneurship to invest EGP10mn in startups
12 Jul 2017
(MENAFN) Flat6Labs, Misr Entrepreneurship and the Ministry of Investment and Intl Co-op plan to invest almost EGP10mn in emerging firms amid the coming period.
Recently, Minister of Investment and Intl Co-op inked a deal with the founder of Flat6Labs and the chairperson of Misr Entrepreneurship in order to support the private sector’s investments in Egypt.
Meanwhile, the ministry intends to help the young investor and emerging projects, in light of the Ministry’s aim to offer equal chances for all investors.
In addition, the capital of the firm is now at EGP451mn, while there are talks with development partners to reach a capital of EGP1bn.
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MENAFN1207201700450000ID1095616958
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