What's in Your Water, Waterloo? Startup Legend Praises Canadian City's Entrepreneurs

Posted by Rob Lewis

Waterloo has made a name for itself on a global scale by punching well above its weight class.

Despite a small population, the scrappy city has been recognized one of the world's best startup ecosystems. And no, it's not dependent on Research In Motion to succeed.

Now the founder of Y Combinator, a Silicon Valley accelerator widely considered the world's best, has given distinct props to the Ontario region.

In an article published last week in US-based business magazine Fast Company, Paul Graham affirmed that "something is going on in Waterloo because the applications we get from Waterloo students are better than those we get from students of any other university.” That's major praise coming from a salient figure.

Earlier this month Techvibes reported that Waterloo's Thalmic Labs would be part of Y Combinator's Winter 2013 cohort and that they were one of nine companies from the University of Waterloo's VeloCity Garage program that interviewed for a spot in the current intake.

According to data from Communitech, Waterloo's tech hub has been thriving in recent years. In 2007, the city hosted 443 technology companies and 66 startups who generated a combined $9 billion. Just five years later, in 2012, a whopping 862 tech firms and 450 startups are generating a staggering $30 billion.

Company:
Communitech
Website:
http://www.communitech.ca
Location:
Waterloo, Ontario, Canada

Communitech is located in Waterloo Region, 110 kilometres (66 miles) west of Toronto, Ontario, Canada in an area that includes the cities of Kitchener and Waterloo. Communitech is the regional hub for the commercialization of innovative technologies supporting and building a Southwestern Ontario tech cluster of close to 1,000 companies that now generates more than $30B in revenue. A member of the Ontario Network... more

Company:
Velocity
Website:
http://velocity.uwaterloo.ca
Location:
Waterloo, Ontario, Canada

At uWaterloo, we believe that there is more to higher learning than a conventional university education. The Velocity Program was created to supplement classes and books with a taste of – and gateway to – successful entrepreneurship, forming a collaborative community of student innovators, leaders and entrepreneurs. From ideation to prosperous startup, Velocity is where our most promising students and alumni... more

Company:
Thalmic Labs Inc.
Website:
http://www.thalmic.com
Location:
Kitchener, Ontario, Canada

Thalmic is changing the way people interact with technology. Headquartered in Kitchener-Waterloo, Canada, we're developing exciting new technologies in the area of human-computer interaction: Technologies which bridge the gap between man and machine, enabling us to accomplish new feats, enhance our abilities, and explore new possibilities. more

Company:
Y Combinator
Website:
http://ycombinator.com
Location:
Mountain View, California, United States

Y Combinator does seed funding for startups. Seed funding is the earliest stage of venture funding. It pays your expenses while you're getting started. Some companies may need no more than seed funding. Others will go through several rounds. There is no right answer; how much funding you need depends on the kind of company you start. At Y Combinator, our goal is to get you through the first phase. This usually... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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