Falak Startups has announced the launch of its newest digital platform, the Falak Startups Virtual Stage, set up with the support of Egypt Ventures and the Ministry of International Cooperation.
The platform represents Falak Startups’ digitisation of the traditional Demo Day structure and streamlining of the investor information gathering process.
Due to the unforeseen circumstances of the novel coronavirus (COVID-19) pandemic, Falak Startups Cycle 3 Cohort graduates were unable to pitch their startups in a physical Demo Day. Expanding on the concept of a virtual demo day, Falak Startups developed an in-house platform for investors to access information on its startups in a streamlined and interactive way.
Developing all aspects of the Virtual Stage internally, the accelerator created video content showcasing its startups through teasers and pre-recorded pitches.
Falak Startups also provided an overview of its programme and developments during the pandemic. The platform currently hosts the Cycle 3 cohort, but will soon include all Falak Startups’ programme graduates. The Virtual Stage will be the access tool for anyone interested in investing in the accelerator’s portfolio.
Yousef ElSamaa, CEO of Falak Startups, said, “This platform is intended for serious active investors, VCs, funding institutions, and angel investors wanting to connect with Falak Startups portfolio companies, and in turn contribute to their growth.”