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