One key element in the startup ecosystem is funding.
Velocity is committed to providing 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 awards $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 prizes 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 20 teams pitch each night across 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.
Frequently Asked Questions
Do I need to be a current student, or are alumni eligible? When is a company “too mature” to compete for VF? Read the full list of FAQs here.
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.