University of Waterloo’s Innovation Arena opens its doors
The University of Waterloo has officially opened the Innovation Arena, a new collaboration space in the heart of Kitchener’s innovation district which will empower businesses, founders and community partners to engage researchers and entrepreneurs in solving local, national and global health challenges.
The Innovation Arena will be the new home of Velocity, the University’s flagship startup incubator. The Arena houses enhanced business supports for founders, state-of-the-art product development labs, manufacturing equipment and collaboration spaces.
Located on University of Waterloo’s Health Sciences Campus, the Innovation Arena will help accelerate Waterloo Region’s growing health tech sector. The space builds on recent collaborations like the CareNext Coalition – a partnership between local hospitals and the University which is aimed at bringing health tech innovation directly to hospital bedsides and improve patient experiences. The arena will also work alongside existing hubs like the Medical Innovation Xchange (MIX) to support the more than 100 health tech companies already operating in the Region to facilitate new ideas from research to commercialization.
