Announcing the Velocity Fund F16 $5K Finalists

This past Wednesday and Thursday, students from across the University of Waterloo participated in the Velocity Fund $5K Qualifiers. Of the 30+ students who pitched their innovative ideas, 10 finalists were selected by a panel of judges to move on and compete at the Velocity Fund Finals on December 1st for their chance to win one of three $5,000 prizes. The $5K competition will start at 11am, and the $25K competition, where an additional 10 teams will compete for $115,000 in prizes, will start at 1pm.

The Velocity Fund Finals $5K competition provides equity-free funding to early-stage startups to help remove some of the barriers that can hinder innovation and entrepreneurial growth. Each participant at the Velocity Fund $5K Qualifiers had exactly 3 minutes on stage to pitch their solution to a real-world problem to a panel of esteemed judges and a packed audience of their peers. The judges provided feedback to each student on their pitching style, as well as valuable insight to help improve their business idea. The best five contenders from each night were selected to move forward.

We are pleased to announce this term’s Velocity Fund $5K finalists:

Chasr Athletics
Chasr Athletics aims to use sports analytics to enhance training for athletes and coaches, by developing a system of “smart” athletic cones that can track and time athletes throughout their drills.

DropLab is automating lab work using the power of digital microfluidics.

Eggplantr is making it easier to establish and maintain food gardens by developing a digital tool to generate and print permaculture planting layout plans on biodegradable weed barriers.

Elementary is bringing bridge inspection out of the stone age.

Happen is a virtual reality simulation glove for stroke therapy, that help patients recover faster using a collection of sensors and actuators that helps patients train their hand movements.

Intelline is working to modernize power distribution infrastructure with an emphasis on integration between the current electrical grid, distributed power generation, and electric vehicles.

Kinetic Imaging
Kinetic Imaging is working to reduce the cost of high speed cameras, which typically range in price from $1,000 to upwards of $100,000, by using a novel technique for capturing high speed video.

Sienci Labs
Sienci Labs is making rapid prototyping faster and more accessible for innovators with its Sienci Mill One, a desktop CNC machine that provides an affordable option for turning designs into real objects.

VivaSpire develops superior portable oxygen delivery systems for patients in need of oxygen therapy, increasing oxygen output, while also providing additional user comfort, and a more compact profile.

ZetoTec is developing a multi-platform application that allows tradespeople to operate their company or crew at maximum efficiency, by managing company resources and financial data in real-time.

One $5K prize is awarded on the basis of the People’s Choice, so make sure to come out to the Velocity Fund Finals on December 1st to hear some great pitches and cast your vote! Register to attend or join in via livestream for your chance to win 1 of 5 pairs of Beats headphones, just for participating as an audience member! We will also be providing free boxed lunches to the first 200 audience members.

The Fall 2016 Velocity Fund Finals is sponsored by Thomson Reuters