On November 30th, twenty startups will pitch new and exciting business ventures at the Velocity Fund Finals, a pitch competition that awards $125,000 in funding to the University of Waterloo’s most innovative emerging startups. Each of the twenty teams will have spent hours practicing and refining their pitch for the much-needed capital at stake. The pitches will detail the problem their solving, their solution, market, any traction or demo, and their team.
Established in 2011, the Velocity Fund was inspired by a $1 million donation from Kik founder and Velocity Residence alumnus Ted Livingston, who was 23 years old at the time. Almost seven years later, the Velocity Fund continues to help innovative companies grow and succeed by providing funding to startups three times annually. Velocity takes no equity or intellectual property in return for these grants; our sole reward is helping build successful companies.
The 20th edition of the Velocity Fund Finals pitch competition will take place at the University of Waterloo Student Life Centre, with an average of 500 community members in attendance. This term, audience members will have the chance to win one of 5 Google Home units, and If you can’t make it in person, tune into our livestream for a chance to win as well.
The $5K event will begin at 11:00am with ten pitches from early-stage startups to a panel of distinguished judges for three $5K prizes. At noon, attendees will have a chance to network with the $5K companies while enjoying a free boxed lunch (lunches are first-come, first-served, so come early!).
Starting back up at 1:00pm, the competition will heat up as ten seasoned startups will pitch for four $25K prizes, as well as a $5,000 prize in intellectual property legal services from PCK to enable their development. The top hardware company will receive an additional $10K in funding. The event will wrap up at 3:00pm, but for winning startups it’s just the beginning.
We will announce the twenty finalists that will compete on Friday, November 17. In the meantime, below you can watch Erin Laidley present her winning $25K pitch for Innovative Protein Technologies from last term.
Want a taste of the action beforehand? Join the audience at the Velocity Fund $5K Qualifiers on November 15 and November 16 to find out who will make it to the Velocity Fund Finals. Free pizza will be served!
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