Apply to the Velocity Fund

Velocity Fund $25K and $5K applications are now closed.

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 July 5 and 6. 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 July 20 to compete for a share of $15,000. (Applicant criteria). Velocity Fund $5K applications have closed. 

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 July 20, where 10 companies compete for a share of $110,000 and free workspace in the Velocity Garage startup incubator. (Applicant criteria). Velocity Fund $25K applications have closed. 

IMPORTANT DATES

  • May 29, 2017 – Written applications open for $5K and $25K
  • June 12, 2017 at 11:59pm – Velocity Fund $5K written applications due
  • June 24, 2017 at 11:59pm – Velocity Fund $25K written applications due
  • June 30, 2017 – Velocity Fund $25K company interviews
  • July 5, 2017 – Velocity Fund $5K Qualifier – Night 1
  • July 6, 2017 – Velocity Fund $5K Qualifier – Night 2
  • July 20, 2017 –  Velocity Fund Finals

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Supporting Sponsor:

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