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Announcing the Velocity Fund S16 $25K Finalists

On Thursday, July 21st, ten teams will pitch their startup to compete for one of four $25,000 prizes, plus a $10,000 hardware prize, during the $25K event of the Velocity Fund Finals, Waterloo’s premiere pitch competition.

Held three times a year, the Velocity Fund provides $375,000 in equity-free funding to startups to help remove some of the barriers to building a startup. Numerous applications for the $25K competition were submitted by University of Waterloo students and recent alumni, and these finalists were selected after an intensive interview that assessed problem, solution, market, traction, and team fit.

Each participant at the Velocity Fund Finals will have 3 minutes to pitch their solution to a real-world problem to a panel of judges from the local investor community and a packed audience of their peers in the Student Life Centre (SLC) at the University of Waterloo. Below are your Velocity Fund $25K finalists:

Altius Analytics Labs
Altius Analytics Labs is developing the first of its kind healthcare intelligence system to help prevent joint pain and injuries.

Babylon VR
Babylon VR uses virtual reality to help home buyers visualize condos before they are built.

Citius Solutions
Citius Solutions is a software-as-a-service company that offers optimization solutions in the delivery industry.

CubeXLab Technologies Inc.
CubeXLab provides automated vision inspection solutions that are highly affordable, flexible and easy-to-use for part and component manufacturers in automotive, fastener, plastic injection and pharmaceutical industries.

EMAGIN is Canada’s first artificial intelligence company for the water sector.

Hiaq Thermal Inc.
Hiaq Thermal is a performance sportswear company which has developed an ultra thin, lightweight, flexible, and breathable nanoparticle insulation for their winter apparel line. Specializing in the next generation of performance apparel, Hiaq is bringing the future of winter clothing to the world.

HITCH is developing solar-powered smart WiFi routers that automatically interconnect to form community mesh networks for storing, accessing, and sharing videos and other Internet content.

Knote offers a natural language processing platform to help companies leverage the power of artificial intelligence in documents and big data processing. Their tools enable companies to support employees by automating routine, time consuming work, and by improving efficiency.

Salient Energy
Salient Energy is commercializing a revolutionary new battery based on research at the University of Waterloo. Their zinc-ion battery is perfectly suited, both technically and economically, for storing electricity in the grid.

UpGrain Inc.
UpGrain Inc. uses low frequency electro-magnetic field stimulation of seeds to increase overall yield of various crops by 20 percent. They use advanced mathematical algorithms to calculate the most suitable time to maximize treatment effects on seeds.

Please join us at the Velocity Fund Finals on July 21 and watch some great pitches from these companies. You can see judging information and register here, or if you can’t make it, join in via livestream. The $5K competition will start at 11am, and the $25K competition will start at 1pm. Some lucky audience members will also walk away with 1 of 5 GoPro prizes.

The Spring 2016 Velocity Fund Finals is sponsored by Thomson Reuters and Rockshield Capital.