The Velocity Fund was established by a $1 million donation from Kik founder Ted Livinston.  This former student-entrepreneur founded the Kik messaging startup as a student and dropped of the University of Waterloo to pursue the venture fulltime.  The fund makes $5K donations to local and student startups.

This year Four student teams have won a grant. These include the following:

  1. Insula Medical. Founded by  Joel Ravi, Connor Al-Joundi, Salmon, and Raiyan Faruqui.
  2. Emergency Response Africa Founded by masters students Maame Poku and Folake Owodunni.
  3. VOYHS Founded by Founded by chemistry student Lynne Murdoch and Erica Phelps,
  4. WatFly Founded by Abinesh Chandrasekhar and Gonzalo Espinoza Graham, See Watfly final presentation here:

The University of Waterloo is a favorite of StudVent as a fertile ground for numerous student startups. In some regards the University of Waterloo leads all Canadian Universities in this regard with a full spectrum of support. Activities such as the Velocity Fund, thanks entrepreneurs and alumni that “pay it forward” will only help ecosystem that surrounds the educational institution thrive further.

Read more here:

The Velocity Fund

The University of Waterloo’s Velocity Incubator:

Source: The University of Waterloo;

Ted Livinston: Ted Livinston: