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Built to support founders.

Velocity creates economic and social impact by helping founders grow startups into companies that scale.

Learn how

Who we are

Velocity is an incubator for early-stage, pre-seed technology startups from the University of Waterloo and around the world.

Within one program, we’ve combined business and product development support where startups can move faster to hit business and technical milestones under one roof. Learn more about Velocity’s 3,500 sqm facility and resources.

Our commitment

Equity is foundational. Velocity is a support system for emerging and new startups and has a responsibility to encourage and advise founders to ingrain equity into their companies.

We will be accountable to feedback and growth while recognizing that equity work is ongoing, uncomfortable, and essential. We strive towards learning, self-reflectance, and taking responsibility for our role in challenging systemic oppression within innovation communities.

Our story

Velocity began in 2008 as a “dorm-cubator” called Velocity Residence at the University of Waterloo.

In 2010, the Velocity Garage was created as a space dedicated to early-stage startups, working with both founders from the University of Waterloo and from across the globe.

Velocity is now widely recognized internationally as a top university-linked incubator.

About the Velocity Program

The Velocity Program is the signature entrepreneurship program at the University of Waterloo and offers:

  • Velocity, our namesake incubator program for startups
  • Concept, our pre-incubator program for students

The Velocity Program builds on the University of Waterloo’s competitive assets:

  • World leading academic training & talent output  
  • Graduates with industrial experience through paid co-op work internships
  • Inventor owned and controlled IP policy

Along with funding from the University of Waterloo, we are supported by the Government of Canada, the Province of Ontario, and the City of Kitchener.

The Velocity Program is grateful for all the support it has received since 2008.