Waterloo’s VeloCity Venture Fund Awards $100,000 to Four Startups

Posted by Techvibes NewsDesk

The University of Waterloo VeloCity Venture Fund recently awarded four startups with $25,000 each.

Since 2011, the fund has been awarding University of Waterloo students and graduates with $300,000 in grants annually. The most recent recipients are Blacktree Health, Kite, Planleaf, and SoundBrush.

Blacktree offers a way to deal with stress. Dubbed "the ultimate health monitor," a wristband tracks your exercise, diet, and sleep. Kite is a simple way to build and launch web apps in the cloud. Planleaf provides project management via email. And SoundBrush allows people to draw music.

“We’re developers, and we love solving the problems that developers face. But there’s a lot more to running a business than that, and VeloCity has a great ecosystem to build great companies,” says Jeffrey Morgan, a cofounder of Kite. “This has been an amazing experience. Today’s prize means we can get Kite to our users and become a dominant player in this market so much faster.”

Past winners of the fund include Thalmic Labs; WestonExpressions; and BufferBox, which was acquired by Google last year.

“The caliber of entrepreneurs coming out of the University of Waterloo and who join VeloCity is nothing short of impressive,” says Mike Kirkup, Director at VeloCity. “The field of competitors for these prestigious prizes was stronger than ever.”

Company:
LeafNotes Inc.
Website:
http://www.leafnotesinc.com
Location:
Waterloo, Ontario, Canada

LeafNotes Inc. is dedicated to opening up music creation to the masses using an iPad, innovation, and creativity. Our app, SoundBrush, allows users to draw to create music, which we believe will be the basis for the next stage of music authoring. With the concept of "squiggles" representing pitch and time dating back to the origins of music notation, we believe it will be the way of the future. The original... more

Company:
Kite
Website:
http://www.runkite.com
Location:
Waterloo, Ontario, Canada

Kite is a development tool that hosts web app developers' workspaces in the cloud. 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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