VeloCity Venture Fund awards $100,000 to student-born startups at the University of Waterloo

Posted by Techvibes NewsDesk

Last week the VeloCity Venture Fund awarded $100,000 to the best student-founded startups at the University of Waterloo.

From VeloCity's blog:

It was certainly a difficult decision for our team of judges, comprised of Ali Asaria, CEO and founder of Well.Ca, Ted Livingston, CEO and founder of Kik Interactive Inc., David Crow, VeloCity’s EIR, and of course, Jesse Rodgers, Director of VeloCity and Student Innovation. Eight fantastic teams competed, but only four could win.

So who were the four?

• Bookkite. Founded just one month ago, this startup is all about sharing books.

• Exquisine. Also freshly hatched, this startup delivers "hot plate of signature dishes from local restaurants to customers’ doors on a weekly basis."

• MappedIn. Founded in 2010, this startup is the "Google Maps for indoor places."

• Maluuba. A voice recognition and language-based search tool for mobile devices.

The winners each recieved $25,000 in funding, as well as incorporation of their business, mentorship, workspace at the Communitech Hub in 2012.

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


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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