Countdown to the Velocity Fund Finals
On March 30th, twenty startups will pitch 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. Countless hours will be spent practicing and refining each pitch, with connections, credibility, and much-needed capital all on the line. Get ready, the countdown to the Winter 2017 Velocity Fund Finals is on!
Established in 2011, the Velocity Fund helps innovative companies grow and succeed, by providing funding to startups three times a year at the Velocity Fund Finals. Velocity takes no equity and no intellectual property in return for the grants. Our reward is helping to build amazing and successful companies. At the end of the day, four innovative companies will each receive $25,000, as well as $5,000 in intellectual property legal services from PCK to enable their development. Earlier in the day, three early stage companies will also receive $5,000 in grants to help them build their business.
The $5K event starts at 11:00am with ten pitches from student-run startups. Each competitor will have 3 minutes to wow the panel of experienced judges in order to receive valuable funding. At noon, we pause for a chance to mix and mingle with the $5K companies while enjoying a free boxed lunch courtesy of Velocity! Lunches are limited: first-come, first-served, so we suggest you come early.
After lunch, the competition resumes with ten finalists pitching for four $25K prizes at 1:00pm. These startups are seasoned companies, with the top hardware company receiving an additional $10K in funding. We will announce the finalists for the $25K competition next week, but in the meantime, to get a get a feel for what to expect, watch Penta Medical’s winning $25K pitch from last term:
The event may come to an end at 3pm, but for startups who earn funding it is just the beginning. Please join us at the Velocity Fund Finals on Thursday, March 30th at the University of Waterloo Student Life Centre. Attendees have a chance to win one of 5 UE BOOM Bluetooth Speakers, and we also have tons of Velocity swag to give away to people in the audience! If you can’t make it in person, tune into our Livestream to hear great pitches.
Want a taste of the action beforehand? Join the audience at the Velocity Fund $5K Qualifiers on March 15 and March 16 to find out who will make it to the Velocity Fund Finals. Free pizza will be served!
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