10 Canadian Startups Competing for a Share of $100,000 from Velocity in Waterloo

University of Waterloo startup incubator Velocity has unveiled 10 finalists who will compete for their share of $100,000 in grant funding at the Velocity Fund Finals on Thursday, March 27.

The finalists will pitch their startup ideas for a chance to win one of four grants of $25,000 and a place as one of more than 30 startups operating at the Velocity Garage workspace in downtown Kitchener.

The 10 Winter 2014 Velocity Fund finalists are:

  • Homefed - an intermediary that facilitates the discovery, booking, and payment of home cooked meals, food events, and edible goods.
  • LastRev - for designers to get feedback on their designs from team members.
  • MAJiK Systems - builds real-time machine monitoring software for factories and machine manufacturers.
  • Palette - a freeform hardware interface to control your favourite software.
  • PetroPredict - a well integrity prediction engine for the oil and gas industry.
  • Roshee - allows companies to manage every step of the corporate purchasing process.
  • Sparkgig - an online marketplace for hiring performers.
  • TicketLabs - provides an e-ticketing platform that uses social tools to drive ticket sales.
  • TrendRadius - provides product management software as a service.

“The Velocity Fund Finals showcase some of the best innovations, business ideas and entrepreneurs coming out of the University of Waterloo,” said Mike Kirkup, director of Velocity. “This early-stage funding helps the startups grow at an accelerated pace, reach markets sooner, and further attract investment and support to become well-established businesses.”

A live stream of the Velocity Fund Finals will be available.

To qualify as a finalist, each startup submitted a written proposal and presented a three-minute pitch to a panel of judges from the Velocity community. The judges for the $25,000 competition include JS Cournoyer, cofounder of Real Ventures; Devon Gallowa, COO of Vidyard; Mike Stork, president of Stork Holdings.

Waterloo, Ontario, Canada

Velocity is a leading entrepreneurship program at the University of Waterloo and the largest free startup incubator in North America. From idea to product development to commercialization, Velocity provides the knowledge, tools, space and network that startups and entrepreneurs need for success. The Velocity program includes a student dorm, workspaces in Waterloo region, events, mentor programs... more

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