Velocity Monthly Rundown
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Welcome to the January edition of our Monthly Rundown

The first month of 2017 proved eventful at Velocity, most notably the acquisition of Garage alumnus Maluuba by Microsoft, and the launch of two new pitch competitions. We hope this newsletter helps keep you up-to-date on all things Velocity, including companies in the news, and upcoming events. Catch up on what you missed below!
VELOCITY COMPANIES
VELOCITY ALUMNI
DATES TO REMEMBER

In the news

Velocity Companies

Emagin Team

EMAGIN SELECTED TO PARTICIPATE IN IMAGINE H2O ACCELERATOR PROGRAM


EMAGIN, a startup leveraging artificial intelligence to better manage city water systems was among 12 companies selected from 180 candidates to participate in Imagine H2O’s (IH2O) 8th Annual Accelerator Program. The program provides water entrepreneurs with the resources, insight and visibility to launch and scale successful businesses.

Read more 

COMPANIES & ALUMNI  |  BetaKit
An open letter from the Canadian tech community: diversity is our strength
EPOCH  |  Waterloo Chronicle
New social startup trying to help smooth transition for refugees
GEORGETTE PACKAGING  |  The Record
Former baker finds niche with colourful boxes
PASS KIT  |  UW Imprint
Bell Let’s Talk: Student initiatives for mental health at UW
POCHE POSH  |  UW Imprint
Poshing it up on a budget

Velocity Alumni

Maluuba Co-founders

MICROSOFT ACQUIRES AI STARTUP MALUUBA


Maluuba, a startup at the forefront of machine learning, has been acquired by Microsoft. The company’s vision to create literate machines that can think, reason and communicate like humans will be now help Microsoft advance their strategy to democratize AI, and make it valuable and accessible to everyone. Microsoft has since announced a commitment to double the 50 person team within two years.
 
Read more

 

Financial Post  |  The Globe and Mail  |  Wired
 
KIK  |  Bloomberg TV
Kik acquires Israeili startup Rounds (VIDEO)
SORTABLE  |  BetaKit
Former vice chief revenue officer Ryan Fuss joins Waterloo-based Sortable
THALMIC LABS  |  BetaKit
11 Canadian tech companies to watch in 2017
THALMIC LABS  |  CBC News
Thalmic Labs hires former Under Armour exec
VIDYARD  |  BetaKit
Michael Litt says tech founders have “personal responsibility” to think of people harmed by tech progress

Upcoming at Velocity

February and March are busy with Velocity events, with a total of three pitch competitions to apply for, and attend:


1. World’s Challenge Challenge: Applications close on February 5 for this new competition where teams of three diverse students pick one of the United Nations’ Sustainability Development Goals, and propose a solution. The top team will win an international travel experience, and will compete at the international level for a share of $45,000 in funding.  

2. Problem Pitch Competition: Applications are open (first-come, first-serve) for the first-ever Problem Pitch Competition, where competitors choose an important industry problem, research its background, importance, and stakeholders, and pitch this knowledge to a panel of judges on March 7 for a share of $5,000 in grant funding to develop a solution.

3. Velocity Fund Finals: Applications for the Velocity Fund $25K startup pitch competition open February 6, and signups for the Velocity Fund $5K open February 27. The 20 finalists that make it through to the Velocity Fund Finals will compete on March 30 at the University of Waterloo, where $125,000 in equity-free funding will be awarded.  

Dates to Remember

January 30 - The Problem Pitch Competition Applications Open
February 5 - World’s Challenge Challenge Applications Due 
February 6 - Velocity Fund $25K Applications Open
February 8 - Velocity Start: Setup Your Business Like A Boss
February 15 - Velocity Start: Do People Want Your Sh*t?  
February 25 - Velocity Fund $25K Applications Close
February 27 - Velocity Fund $5K Qualifiers Signups Open
March 1 - Velocity Start: How to Find Your Customers Online

Until next month, thanks for reading!

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