Apply to the Velocity Fund
Velocity Fund $25K and $5K applications are now open!
The Velocity Fund is a grant program for startups that offers equity-free funding through its Velocity Fund $5K and $25K programs. The program culminates in the Velocity Fund Finals pitch competition, held once each term at the University of Waterloo, where startups and aspiring entrepreneurs compete to win a share of $125,000 in funding to grow their business. An overview of the $5K and $25K programs can be found below, along with eligibility criteria.
VELOCITY FUND $5K
Apply to pitch an early stage startup idea to qualify for a chance to win one of three $5,000 prizes. The top applicants will be invited to make a 3-minute pitch in front of a panel of judges at one of the Velocity Fund $5K Qualifiers Nights on November 15 and 16. All teams will get helpful feedback on their idea, and the top 10 teams from the Velocity Fund $5K Qualifiers will move on to pitch at the Velocity Fund Finals on November 30 to compete for a share of $15,000. (Applicant criteria).
VELOCITY FUND $25K
Startups that are beyond the concept stage can apply to compete for one of four $25,000 prizes, and an additional prize of $10,000 for the most innovative hardware or science winner. The top applicants will be invited to interview with Velocity advisors and alumni for a chance to pitch at the Velocity Fund Finals on November 30, where 10 companies compete for a share of $110,000 and free workspace in the Velocity Garage startup incubator. (Applicant criteria).
- October 16, 2017 – Written applications open for $5K and $25K
- November 4, 2017 at 11:59pm – Velocity Fund $5K and $25K written applications due
- November 10, 2017 – Velocity Fund $25K company interviews
- November 15, 2017 – Velocity Fund $5K Qualifier – Night 1
- November 16, 2017 – Velocity Fund $5K Qualifier – Night 2
- November 30, 2017 – Velocity Fund Finals
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