Velocity
Accelerator and incubator · Kitchener and the University of Waterloo campus · velocityincubator.com
The University of Waterloo's startup incubator in Kitchener, with free desks, labs and coaching for full-time founders, and no equity taken.
Velocity is the University of Waterloo's entrepreneurship centre. It runs a startup incubator in the Innovation Arena in Kitchener, and programs and spaces on campus. It says it has helped the founders of more than 500 startups since 2008.
It takes no equity and charges nothing. Founders don't need to have studied at Waterloo, but every founder must work on the startup full time. New teams work out of Velocity at least one day a week for their first three months.
It takes applications all year and brings in new teams every two months. After a virtual interview, the selection committee sets milestones and meets the team again to review them. It says it accepts about 10% of applicants.
What it offers
45,000 square feet of offices for 60 to 80 startups, with up to 10 desks per startup
A hardware space with 3D printers, laser cutters, an electronics lab, a paint room and a wood and metal workshop
A lab with more than $1.5 million of analytical and testing equipment, and a certified Biosafety Level 2 lab
Coaching from advisors who have been founders themselves
Introductions to customers, service providers and investors, including Velocity Fund, a pre-seed fund that shares its space
For University of Waterloo students, staff and faculty: programs such as Cornerstone, spaces on campus, and a free GPU server for students
Grants and awards for University of Waterloo students and new graduates, such as $10,000 Momentum Grants
Location
280 Joseph Street, Suite 2000, Kitchener, ON N2G 4Z5
News & coverage
In the news (3)

Velocity startup Eventist rethinks live event ticketing | Waterloo News
When University of Waterloo alum Ciara Azam (BASc ’20) set out to make event management easier, she wasn’t aiming to disrupt an industry, she wanted to remove the friction organizers and attendees experience firsthand. That idea became Eventist, an all-in-one event ticketing and management platform designed to replace the patchwork of ticketing vendors, scheduling apps and

Outgoing Velocity incubator head Adrien Côté is bullish on Waterloo’s tech future
Velocity’s interim director says the university’s emerging startup community is “growing exponentially.” The post Outgoing Velocity incubator head Adrien Côté is bullish on Waterloo’s tech future first appeared on BetaKit.

University of Waterloo’s Velocity moves out of the Garage & into the Arena
Six years in the making, UW's startup incubator has a new home in the Innovation Arena. The post University of Waterloo’s Velocity moves out of the Garage & into the Arena first appeared on BetaKit.
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