Catching up with Velocity Fund $25K winners, VivaSpire

This past July, Velocity hosted the Spring 2017 Velocity Fund Finals (VFF), a pitch competition that awards $125,000 each term to startups to help them build their business. We caught up with one of the $25K winners, John Grousopoulos, Co-Founder of VivaSpire, for a post-VFF update. You can watch their pitch from VFF online.

VivaSpire is making lightweight wearable machines that purify oxygen from the air, without the need for high pressure.

How has your company developed since winning VFF?
V: We’re making a machine to produce oxygen, and with additional sensors we’ve been able to achieve oxygen concentrated above 90%.

What is your company currently working on?
V: We’re working on increasing the amount of oxygen we produce, while also miniaturizing the device even further.

What do you enjoy most about building a startup?
V: Things can happen as fast as you make them happen; and we get lots of control over operations.

What did you like most about competing at VFF?
V: Having our assumptions on product-market fit validated by industry experts and judges. Winning a lot of cash is really nice too.

Are there any tips you can give to startups that are pitching?
V: Understand what the history of your industry and technology is. Make sure you convey the fact that you’re different from competition, and not only different but better and more useful. Forget what you sound like, just convey the correct information accurately.

On Thursday, November 30, another twenty startups will compete at the Velocity Fund Finals in the SLC at the University of Waterloo to pitch for their share of $125,000. Don’t miss this event by registering to attend! Come join us for a great event with awesome pitches and free boxed lunches for the first 200 attendees. Audience members and live stream participants will also have a chance to win 1 of 5 Google Home speaker sets!

The Fall 2017 Velocity Fund Finals is sponsored by Thomson ReutersSequoia, and Magna

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.