What we look for
We accept founders from around the world who meet the following criteria:
- Interest in or demonstrated progress in building a scalable technology company
- Working or will be working soon on their venture full-time
- Ability to operate their business from Velocity incubator for startup incubation during later stages*
- Willingness to engage and contribute to the Velocity community
*Our Stage 1 program is an 8-week, online program with fully virtual, mentor-driven support. Our subsequent programs (Stage 2 and Stage 3) are residence-based. If you wish to participate in the Velocity incubator program but are unable to operate your business directly from Velocity, please be sure to provide your business rationale in your application.
IMPORTANT: You do not have to be affiliated with the University of Waterloo in order to apply.
Velocity admits Stage 1 applicants continually in a cohort basis.
Key dates for the next cohort
|Application deadline||Acceptance notification||Next cohort start date|
|September 25, 2020||October 12, 2020||October 22, 2020|
You may start your application here.
We encourage Stage 1 candidates to apply closer to the application close date. A lot can change (and should change) in your startup in a couple of months (or even weeks). Please take the opportunity to make big strides in the months before applying.
Think you are far enough for our Stage 2 program and beyond? Just apply! We will let you know.
IMPORTANT: Velocity Fund Pitch Competition has its own set of deadlines. Please consult this page for additional details.
What to expect
Once you complete the Velocity incubator application form, you may be invited to participate in a screening interview. Teams are interviewed on a rolling basis.
If chosen to join Velocity, you will receive an email notifying you of acceptance and next steps.
More details can be found in our current application form.
If you applied but didn’t get in, we encourage you to apply again in subsequent months. We recognize that ideas and projects can develop substantially over time.
Still wondering if Velocity is right for you? Check out what our former Director of Velocity Incubator has to say.
Application & interview tips
Keep your application simple and concise (e.g., bullet points).
Don’t overwhelm us with the complexity of your tech or product.
Not having all the answers is okay. (If you had all the answers, you wouldn’t need us!)
Some traction is great. Remember that Stage 1 requires you to discover whether you’re making something people want to buy.
if your startup is already generating $250,000 or more in revenue or has over 10 team members, you may not benefit from our Stage 1 program.
Don’t wait. Go after it and find your path today.