Funding at Velocity
One key element in the startup ecosystem is funding. Velocity provides funding in a way that is useful to startups by incorporating application, interview and pitch experience into its funding program.
The Velocity Fund is a grant program that offers more than $375,000 each year to local startups through its Velocity Fund $25K and Velocity Fund $5K programs. Three times a year, Velocity hosts the Velocity Fund Finals, a pitch competition, where $125,000 in prizing is awarded.
Velocity Fund $25K
Three times a year, startups can apply to compete for one of four $25,000 prizes. The top applicants are invited to interview with a panel of Velocity leaders and alumni and the top 10 are invited to present their pitches at the Velocity Fund Finals.
An additional prize of $10,000 is awarded to the most innovative hardware startup winner at the Velocity Fund Finals.
Velocity Fund $5K
Students with innovative ideas are invited to pitch at the Velocity Fund $5K Qualifiers, held each term. Up to 40 teams pitch over two nights to a panel of judges from the local startup community. The top 10 are invited to pitch at the Velocity Fund Finals for their chance to win one of three $5,000 prizes.
The Velocity team has built strong relationships with investors around the world and continues to grow that community. Visit our Investor Information area for more details.