Type of Program:
The Velocity Fund Pitch Competition is Canada’s premier early-stage startup competition. Three times a year, early-stage startups compete to receive $50K investments from the Velocity Fund.
Comments on Funding:
Entrepreneurs that qualified in this contest, receive $50,000 in early-stage funding.
Early-stage startups in health tech may also be eligible to compete for an additional $50,000 investment from the Velocity Health Tech Fund.
Velocity invests in companies using a SAFE (simple agreement for future equity) agreement with MFN, no valuation cap, and no discount.
When It Ends:
Next deadlines to be determined
submit a written application;
participate in an interview. The top applicants are invited to interview with a panel of Velocity leaders and alumni.
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.
Other Things to Note:
Applications are now closed. Learn when the next investment round will open again. Applicants must enter their email address to be notified when applications for the next Velocity Fund Pitch Competition open.