Announcing the Velocity Fund W17 $25K Finalists

On Thursday, March 30th, ten teams will pitch their startup to compete for $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 awards $375,000 in equity-free funding to startups to help remove some of the barriers to building a business. 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 investor community, and a packed audience of their peers in the Student Life Centre (SLC) at the University of Waterloo. Four innovative companies will each receive $25,000, as well as $5,000 in intellectual property legal services from PCK to enable their development.

Below are the Velocity Fund $25K finalists:

BoltFare is your personal, AI-powered travel agent. It’s a Facebook Messenger chatbot that monitors hundreds of sources around the net for airfare deals, messaging users when it finds significant savings on flights they want to book.

Citius Solutions
Citius Solutions uses cutting-edge algorithms to provide sorting and routing optimization for the delivery industry.

Elucid Labs
Elucid Labs uses artificial intelligence to unlock the potential of spectral imaging, delivering the ‘tricorder’ for the skin, capable of real-time detection and diagnosis of any skin condition, disease, or cancer.

EMAGIN leverages artificial intelligence to help water utilities proactively manage their infrastructure in real-time.

Gamelynx uses cutting-edge web app technology to create games and interactive experiences that bring people together for face-to-face play. Gamelynx combines the fun and social interaction of party and board games, with the convenience and power of mobile web gaming.

LabsCubed enables companies to create new and innovative materials through enhanced testing methods.

Marlena Books
Marlena Books creates therapeutic recreation products for individuals with Alzheimer’s or dementia. Specializing in hardcopy books that make reading enjoyable and dignifying, Marlena Books is expanding into the tech space with e-books and a recreation app for individuals with more advanced dementia.

NERv Technology Inc.
NERv is developing an implantable biochip platform to detect post-operative complications.

Serenity Bioworks
Serenity Bioworks is developing novel medicine formulas to improve the long-term effectiveness and safety of anti-inflammatory medication.

Terrene makes the process of creating, maintaining, and scaling data pipelines faster, cheaper, and more reliable.

Please join us at the Velocity Fund Finals on March 30th to watch some great pitches from these companies as they compete for $125,000 in funding. Register here, or if you can’t make it, join in via Livestream. The $5K competition will start at 11am ($5K competitors will be announced on Friday) and the $25K competition will start at 1pm. Some lucky audience members will also walk away with a UE Boom Bluetooth Speaker, and boxed lunches will be available for the first 200 attendees!

The Winter 2017 Velocity Fund Finals is sponsored by Thomson Reuters and Sequoia

Thomson Reuters provides professionals with the intelligence, technology and human expertise they need to find trusted answers in the financial and risk, legal, tax and accounting, and media markets. The new Thomson Reuters Toronto Technology Centre will create 1,500 high-quality technology jobs in Canada and accelerate research for cognitive computing, visualization, UX, and cloud development.