Criteria

Want to work in an awesome free space with a great atmosphere full of startup life?
Here’s what you need to get in:

1. Team

Each team must have at least one co-founder who is a current uWaterloo student or alumni.
Teams will be evaluated based on their background, skill, and ability to work effectively together.
The team should have 10 people or less.

2. Revenue

We want to provide space to companies who are unable to afford it so your startup should be generating less than $250,000 in annual revenue.

3. Contribution to the Startup Community

We want to encourage a grassroots community who helps each other, mentors startups and contributes to the broader startup ecosystem in the Waterloo region. You have to be willing to take part!

4. Progress

Startups will meet regularly with the VeloCity team to provide an update on the current state of their business. Teams will be expected to make progress towards self-created objectives each month to ensure they’re using their time and the space effectively.

5. Business Concept and Opportunity

Teams will be asked to provide an overview of their business concept including the problem their startup solves, their potential target market and an understanding of the market opportunity.

We recognize that ideas and projects develop substantially over time. If you’ve applied and did not get in on your first attempt, we encourage you to apply again using the same process.