Welcome!

News Feed Item

University of Waterloo Startups to Pitch Live for Velocity Funding

WATERLOO, ON--(Marketwired - July 17, 2014) - Ten University of Waterloo startup companies will pitch their businesses for a share of $100,000 in grant funding at the Velocity Fund Finals on Thursday, July 24. The rewards include four $25,000 prizes as well as workspace at Velocity.

The contenders come from diverse backgrounds spanning biotechnology, computer science, engineering, and nanotechnology. The companies are tackling current issues, such as more accessible vision care, health, food economics and efficient manufacturing.

"It's great to see a solid mix of hardware and software startups competing at the Velocity Fund Finals," said Mike Kirkup, director of Velocity. "These companies are not only competing for funding, they're also competing for workspace at the Velocity Garage for software companies, or the soon-to-open Velocity Foundry for hardware, materials and life sciences companies."

Code Connect is a plug-in for Microsoft Visual Studio that dynamically visualizes program control flow for developers as they code, making software development and design easier.

ExVivo is changing the way allergies are tested. Their product provides an alternative to existing skin prick methods by moving the reaction outside of a patient's body. This will give allergists a more rapid, safe and simple way to screen for allergies and offer patients results that are certain.

EyeCheck is a vision diagnostics solution involving a mobile app for taking photographs of the eyes, imaging equipment, and image processing algorithms that combined can provide a quick and inexpensive assessment of a patient's full prescription. It's ideal for making vision care accessible in regions around the world where it is otherwise not available or affordable.

Grobo is a personalized app-controlled in-home gardening system that lets anyone grow a successful garden at any time of the year, regardless of their experience level.

Localmotive is an online marketplace that facilitates the distribution and sales of locally produced food.

Maieutic is a programmable surface technology that can adjust topography at any time to monitor and correct defects in manufacturing.

MAJiK Systems is a web app for factory managers and machine operators to monitor the status, efficiency and problems of machines in real time.

Tempest Insight is a cloud tool that helps real estate developers determine what type of building to build and how to price them. Tempest does this by analyzing location-based data and generating statistical models.

Ubiq is reinventing the way presentations are given in enterprise organizations by allowing users to wirelessly present from their tablets or laptops to existing projectors and TVs in their meeting rooms.

Vitameter is a personal device that can inexpensively measure a user's vitamin levels. An accompanying app allows users to track their deficiencies and actively manage their diet.

To qualify as a finalist, each startup submitted a written proposal and presented a 3-minute pitch to a panel of judges from the Velocity community. The ten finalists now move on to the Velocity Fund Finals to present 3-minute pitches on-stage before a live audience and a second panel of judges from the business community.

The judges for the $25,000 competition include:

  • Tim Lee - Partner, Sequoia Capital
  • Ted Livingston - Founder and CEO, Kik (Velocity alumnus)
  • Karamdeep Nijjar - Venture Capitalist, iNovia Capital
  • Mike Stork - President, Stork Holdings

An additional ten entrepreneurs from the University of Waterloo will pitch their early-stage startup ideas for one of three $1,000 grants.

Velocity fosters entrepreneurship by providing early-stage startups with funding, free workspace, workshops, networking opportunities and access to mentors. Velocity takes no intellectual property rights or equity in return. 

Date: Thursday, July 24, 2014
Time: $1,000 competition starts at 11 a.m., $25,000 competition starts at 1 p.m.
Location: Student Life Centre - Great Hall, University of Waterloo, 200 University Avenue West, Waterloo, Ontario

About the University of Waterloo
In just half a century, the University of Waterloo, located at the heart of Canada's technology hub, has become one of Canada's leading comprehensive universities with 35,000 full- and part-time students in undergraduate and graduate programs. Waterloo, as home to the world's largest post-secondary co-operative education program, embraces its connections to the world and encourages enterprising partnerships in learning, research and discovery. In the next decade, the university is committed to building a better future for Canada and the world by championing innovation and collaboration to create solutions relevant to the needs of today and tomorrow. For more information about Waterloo, please visit www.uwaterloo.ca.

Attention broadcasters: Waterloo has facilities to provide broadcast quality audio and video feeds with a double-ender studio. Please contact us to book.

Image Available: http://www.marketwire.com/library/MwGo/2014/7/17/11G018374/Images/IMG_6821-774129491534.jpg

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs oft...
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
@ThingsExpo has been named the Most Influential ‘Smart Cities - IIoT' Account and @BigDataExpo has been named fourteenth by Right Relevance (RR), which provides curated information and intelligence on approximately 50,000 topics. In addition, Right Relevance provides an Insights offering that combines the above Topics and Influencers information with real time conversations to provide actionable intelligence with visualizations to enable decision making. The Insights service is applicable to eve...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
Cybersecurity is a critical component of software development in many industries including medical devices. However, code is not always written to be robust or secure from the unknown or the unexpected. This gap can make medical devices susceptible to cybersecurity attacks ranging from compromised personal health information to life-sustaining treatment. In his session at @ThingsExpo, Clark Fortney, Software Engineer at Battelle, will discuss how programming oversight using key methods can incre...
The goal of Continuous Testing is to shift testing left to find defects earlier and release software faster. This can be achieved by integrating a set of open source functional and performance testing tools in the early stages of your software delivery lifecycle. There is one process that binds all application delivery stages together into one well-orchestrated machine: Continuous Testing. Continuous Testing is the conveyor belt between the Software Factory and production stages. Artifacts are ...
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.