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

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.

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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