Skip to content

Supercharging the next big thing.

Pitch for a $50K to $100K investment and network with investors.

Velocity Fund Pitch Competition (VFPC)

The VFPC is Canada’s premier early-stage startup competition.

Three times a year, early-stage startups compete to receive $50K investments from the Velocity Fund.

With the launch of the Velocity Health Tech Fund, your early-stage health tech startup could earn up to $100K in investment.

Velocity is committed to adding value beyond an investment cheque, with critical and useful feedback at every step of the competition process.

Many prominent investors also use the VFPC to build relationships with high potential early-stage startups.

Over $1 billion of equity value has been created through the VFPC!

How it works

Each year, up to $600,000 worth of investments are awarded to 12 worthy startups through Velocity’s first pre-seed, micro-VC fund.

Early-stage startups in health tech may also be eligible to compete for an additional $50,000 investment from the Velocity Health Tech Fund.

The investment

Velocity invests in companies using a SAFE (simple agreement for future equity) agreement with MFN, no valuation cap, and no discount. You can read more here. (Note: this links externally to Y Combinator’s Safe Financing Documents page.)

Do you think you could be the next?

Application overview

  1. Submit a written application.
  2. Participate in an interview. The top applicants are invited to interview with a panel of Velocity leaders and alumni.
  3. Pitch to win. The top 10 teams are invited to present their pitches at the finals held twice a year. Investees will be selected by VCs, industry veterans, and established startup founders.

Learn more about the application process.

During the competition, startups have an opportunity to network, showcase their product demos, and schedule 1:1 meetings with angel and pre-seed investors.

How to apply

Virtual VFPC

Applications are now closed. Learn when the next investment round will open again.

Sign up

Past recipients & finalists + history

There are over 100 fund recipients to date.

View the archive (beta) View the video archive

What is the Velocity Fund?

The Velocity Fund is created to fill early-stage startup funding gap.

We’ve been running Velocity Fund with a competition named Velocity Fund Finals since 2011. Prior to 2019, the Fund awarded $25K grants and $5K grants. The Fund was previously sustained through generous donations from Ted Livingston and Mike Stork. Both of whom donated a million dollar each to support Velocity founders and their startups. In 2019, Velocity Fund transitioned and became a pre-seed investment fund. Velocity Fund Finals is now Velocity Fund Pitch Competition (VFPC). Recipients receive $50K each, effectively doubling the amount of funding. Recipients with a health tech business may receive $50K to $100K in investment. The $5K grants and the associated competition are now managed separately through Concept.

Velocity Fund invests exclusively in companies participating in VFPC.

Learn more about the current fund.

Learn more about the new Velocity Health Tech Fund.

Funding cheques