Waterloo Innovation Fund

The Velocity Fund provides pre-seed and seed stage capital to emerging technology companies. It targets ambitious founders developing solutions across software, deep tech, and health tech. The fund offers focused investments and mentorship, designed to propel startups through early growth phases leveraging its network of entrepreneurs.

The fund originated as an evolution of the University of Waterloo’s Velocity Incubator, established in 2008. This progression to direct capital investment arose from the insight that early-stage ventures need financial backing beyond mentorship to scale. It was created to provide comprehensive support, enabling founders to transform novel ideas into viable businesses.

Velocity Fund’s portfolio comprises high-potential, early-stage companies, often linked to the University of Waterloo’s entrepreneurial ecosystem. Its vision is to cultivate innovation by empowering these founders to transform groundbreaking ideas into impactful enterprises. Providing early capital and network access, Velocity Fund aims to accelerate the development of world-changing businesses.