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.


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).


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
Presenting Sponsor:
Thomson Reuters
Supporting Sponsor:
Supporting Sponsor:

Magna International

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.