On Wednesday, March 28, twenty innovative companies will pitch their business and compete for a share of $130,000 in funding at an exciting Velocity Fund Finals. During the $25K event, ten teams will pitch their startups to compete for one of four $25,000 prizes, plus a bonus $10,000 hardware or science prize. This event follows the morning’s $5K competition, where 10 additional teams will compete for one of four $5,000 prizes. Each team will have no more than 3 minutes to pitch their solution to a real-world problem to a panel of judges and a jam-packed audience in the Student Life Centre at the University of Waterloo.
The Velocity Fund is held three times a year and awards nearly $400,000 annually in equity-free funding to startups in order to remove some of the barriers to building a business. Each term, Velocity receives numerous applications for the $25K competition from University of Waterloo students and alumni, and finalists are selected following an intensive interview assessing the problem, solution, market, traction, and team fit. This term we expanded eligibility to include alumni that graduated in the last five years.
This morning we announced the ten $5K finalists. Below are the Velocity Fund $25K finalists:
A-Line Orthopaedics is developing implants for safer, faster surgeries.
Bibu Labs uses artificial intelligence to provide defense against cyberattacks.
Brink Bionics is developing a low-cost, high-functioning, hand prosthesis.
Fuzzbuzz is a fuzzing platform that keeps critical software secure.
NeuroGate is a platform to provide movement-disorder specialists with AI-driven analytics and disease prediction to better treat patients.
OpenPhone offers a modern phone system for small businesses.
PolyGone is developing laundry and filtration technologies to capture microfibres before they enter our environment, water, and food.
SannTek is developing a marijuana breathalyzer.
ShopSimply offers a mobile app that lets you buy clothing from popular brands such as H&M, Zara, and Nike.
Supercut helps agile and distributed teams run feedback meetings that encourage participation, promote alignment, and ensure accountability.
Please join us at the Velocity Fund Finals on March 28th to watch these companies pitch for a share of $130,000 in funding. Register here, or if you can’t make it, join in via live stream! The $5K competition will start at 11:00am, and the $25K competition will start at 1:00pm. See you there!
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