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Flexible support for
early-stage founders
solving the world’s
greatest challenges.

Who we are

Founded by the University of Waterloo, Velocity equips and guides founders to build companies that scale at the earliest stages of business building.

Our mission is to create the conditions for founders to maximize their growth. We have 14 years of successes to lean on.

Velocity by the numbers

$3.6B

in funding raised by Velocity companies to date

5,000+

jobs created by Velocity alumni companies

400+

companies incubated since 2008

Full-stack resources for early-stage founders

Since 2008, Velocity has worked to understand the needs of founders during the riskiest and earliest time of business building. Finding connections, practical and authentic business expertise, product development know-how, space to build a team and product, and risk-tolerant capital can be accessed at Velocity.

Flexibility

Personalized business development and product development support, available when you need it. With in-house expertise and facilities at Velocity, and through the University of Waterloo, founders productize technologies faster and with less capital.

Betting on industry-shaking technologies

Join a supportive community of founders working to change the world. At Velocity, we encourage cross-pollination between founders no matter the type of technology business they are building. Velocity supports startups in any industry and founders from all backgrounds. We support founders from Waterloo and founders excited to connect to Waterloo through Velocity.

Our heritage and strength

Founded by Canada’s most innovative university

The University of Waterloo is Canada’s most innovative university. It was founded by business leaders who believed that a university could educate and inspire its students to solve the most daunting challenges in our world. Velocity is a product of that vision, with Velocity starting as a “dorm-cubator”. Currently, more than 80% of Velocity founders have ties to the University of Waterloo.

Located at the
heart of Canada’s Innovation District

Velocity is located in Kitchener-Waterloo’s Tannery building. In 2023, Velocity will move to our new headquarters: the Innovation Arena, in Downtown Kitchener. This 90,000 square-foot refurbished warehouse is close to the University of Waterloo’s School of Pharmacy, the Waterloo Regional Campus of McMaster University’s DeGroote School of Medicine and Communitech. The Innovation Arena is also close to dozens of Velocity alumni scaling within 5 km, including Faire, Vidyard, Nicoya, Kenota, ApplyBoard and other notable tech companies like Google, Shopify, D2L, Axonify etc.

Photo credit: Tony (Communitech)

Building the next generation of entrepreneurs

While we moved out of the Waterloo dorms, Velocity continues to support innovative students on campus. Last year, Velocity’s on-campus programs (including Concept, Problem Lab, and Zero) engaged with over 2,000 entrepreneurial students, building a strong pipeline of future founders for Velocity and Canada.