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May recap: key moments and milestones

June 1, 2024

Another eventful month in the books ⬇️

🖥️   Big tech wants your attention. Not on Setori’s watch. The startup raised $1 million USD in pre-seed funding.

Setori founder Marc Simard (second from left) with his teammates.

🙌 Membio Inc.’s bioreactor tech acquired by global supplier ABEC. 

Membio co-founders left to right: Andrew Pundsack, Ashley Keefner and Shane Kilpatrick.
Membio co-founders left to right: Andrew Pundsack, Ashley Keefner and Shane Kilpatrick.

📣 Chosen out of 100 startups, Nfinite Nanotech, ProntiAI, Scribenote, and Vessl Prosthetics are among 25 companies advance to the AC:Studio program final phase

📈 Bud Walker, who played a pivotal role in nurturing entrepreneurship at University of Waterloo and bringing Velocity to life, joined us for a visit. 

A photo of four men standing in front of the Velocity logo
Bud Walker (second from the left) at Velocity DTK

🌎  Nfinite Nanotech raises USD $6.5 million in seed funding to boost production of its plastic alternative product. 

A photo of three founders of Nfinite Nanotech. Two men sitting on white blocks with one man standing in the middle behind them
Nfinite Nanotech co-founders left to right: Chee Hau Teoh, Kevin Musselman, and Jhi Yong Loke

💯 AiimSense nabs first place at the International Conference on Aging Innovation and Rehabilitation (ICAIR), organized by University Health Network, Toronto Rehabilitation Institute and the University of Toronto. 

A photo of AiimSense CEO Atefeh Zarabadi holding her award at the conference
CEO of AiimSense Atefeh Zarabadi at the ICAIR

🎥 Vital Bio demos desktop computer-sized blood diagnostics device at FORTUNE BRAINSTORM Health 2024. 

A photo of the VitalBio founders at the conference stage, showing their new device to the audience.
VitalBio co-founders Nasu Vadella and Mounir A. Koussa at the Fortune Brainstorm Health 2024.

💡 Mila Banerjee, CEO and tech lead of Pronti AI joined Lori Bieda, chief data and analytics officer, BMO; Martin Kon, president & COO, Cohere on a panel hosted by The Logic’s David Reevely to discuss how Canadian businesses can harness the power of AI to boost productivity and economic growth. 

Poster of the event showing the 5 speakers with their titles.

⚡ Innovation Open House connected University of Waterloo students with entrepreneurship resources. 

Group of students talking and laughing.
Students at the Spring 2024 Innovation Open House

♻️ Velocity and David Johnston Research + Technology Park, brought together members from University of Waterloo, VCT Group, Stantec, The Cora Group, Enova Power Corp., Grand River Energy, WR Community Energy and founders to discuss how to power progress towards a greener tomorrow.

Group of people talking with each other in the room
Committee members with Velocity founders

👏  Datacurve (YC W24) and the other University of Waterloo teams accepted into Y Combinator. 

A photo of Datacurve founders standing behind the Y-combinator sign
Datecurve co-founders Serena Ge (L) and Charley Lee (R)
Learn more about how Velocity creates the conditions for founders to maximize their growth.