Eight student teams proceed to final pitching event
Narrowed down from a record number of applicants since in-person events resumed, after two nights of 28 student teams pitching live to a packed room, eight teams will advance.
The finalists, comprised of undergraduate and graduate students from Faculty of Science and Faculty of Engineering, will pitch once more during the finalist event on March 30th in the Black and Gold room at SLC at 11 am – 1:30 pm. Doors open at 10:30 am.Register to attend Velocity $5K Finals
Ideas sprung from research to personal experience
From telemedicine provider for women of colour to digital legacy solutions, the innovative businesses presented during the semi-finals were wide-ranging and sprung for different sources, including personal experience, capstone projects, and other research.
Osose Itua, founder of Foodage Inc., said the idea to work on food sustainability and reduction of food waste in particular was in response to differences she saw between her home country of Nigera and Canada.
“In Nigeria, we are taught not to waste food — we do everything possible to preserve it,” she said. “Here, restaurants face complications to giving away food but back home if someone needs food, we try to give it to them.”
Osose, who is an undergrad in mechatronics engineering, spoke to 70 restaurant owners to research what customers needed. Her solution reduces food waste by predicting food demand, so restaurants don’t purchase more food than they need.
By exploring entrepreneurship options at the University of Waterloo, including taking Velocity’s Cornerstone program, Osose realized she didn’t need permission to follow her passion for innovation.
“I realized I didn’t have to be older to be an entrepreneur, which is one of the reasons I decided to participate in the Velocity $5K,” she said.
Finalist team Whale Safe Fishing Gear, which is developing fishing equipment for lobster and crab fishers, has worked on their project for eight months.
“This is actually our Capstone project but our first time working with Velocity,” said Collin Bolt, mechanical engineering undergrad who pitched on behalf of the team. “We have been working together for four years and we thought pitching Whale Safe was a great opportunity.”
After another round of live pitching during the March 30th finals, Velocity will grant over $20,000 in funding to help the sprouting businesses.See the finalists pitch live — Register to attend the Velocity $5K Finals!