Announcing the Velocity Fund F17 $25K Finalists
3 minutes. 20 companies. $125,000 in funding. On Thursday, November 30th, the air will be electric as 10 teams pitch their startups to compete for one of four $25,000 prizes, plus a $10,000 hardware prize, during the $25K event of the Velocity Fund Finals, the University of Waterloo’s premiere pitch competition. This exciting event follows the morning’s Velocity Fund $5K competition, where 10 additional teams will compete for one of three $5,000 prizes. Each participant at the Velocity Fund Finals will have just 3 minutes to pitch their solution to a real-world problem to a panel of judges from the international investor community, and a packed audience of their peers in the Student Life Centre (SLC) at the University of Waterloo.
The Velocity Fund is held three times a year and awards $375,000 in equity-free funding to startups to help remove some of the barriers to building a business. Each term, numerous applications for the $25K competition are submitted by University of Waterloo students and recent alumni, and finalists are selected after an intensive interview that assessed the problem, solution, market, traction, and team fit.
Below are the Velocity Fund $25K finalists:
A-Line Orthopaedics is a med-tech startup focused on developing innovative products for spine surgery, improving patient outcomes and surgeon confidence through safer, faster and lower cost procedures.
Avec has partnered with restaurants to offer you access to buy one, get one free deals when eating out.
Avra is developing eye-tracking glasses for people who have trouble using keyboard and mouse, allowing them to control computers with their eyes.
Envoi offers retailers infrastructure for same day delivery in order to meet consumer demand that is not currently fulfilled by traditional courier services.
GrowXY is developing automation technology to increase the economic viability of large scale, indoor, vertical farming.
NanoCnet has developed Nanosilvex, a highly flexible, conductive, and cost effective nanomaterial for use in conductive thin films, unlocking the future of electronics, including touch panels, displays, and wearables.
ShiftRide is an on-demand mobility platform, giving people access to cars shared by car owners nearby.
Simply is a mobile app that lets you buy clothing from popular brands such as H&M, Zara, and Nike.
SpurDeal is a mobile app that replaces printed coupons by allowing restaurants to post real-time deals on meals.
Tabnex helps businesses make smarter and faster hiring decisions, by providing real-time data and predictive intelligence on candidates who have applied to job opportunities.
Please join us at the Velocity Fund Finals on November 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 live stream. 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 Google Home smart speakers, and boxed lunches will be available for the first 200 attendees. This is an event you don’t want to miss!
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.