Velocity (University of Waterloo) – Velocity Fund
Description:
Velocity Fund is Velocity’s pre-seed fund which invests in software, hardware, deep tech and med tech companies. The Velocity Fund invests in early-stage (pre-seed, seed) companies.
Comments on Funding:
Funding takes the form of investments with minimum of $50,000 to $200,000 USD.
The Velocity Fund currently invests using the YC SAFE: MFN, no Valuation Cap, no Discount.
Eligibility:
Applications Steps:
Applicants must:
complete the Velocity incubator application form;
participate in a screening interview, if invited.
If chosen to qualify for the Velocity Fund, applicants will receive an email notifying them of acceptance and next steps.
Documentation Needed:
Applicants must submit a completed application form and upload a copy of their pitch deck.
Other Things to Note:
They are looking for investors to invest with them.
Program Contact:
When It Ends:
Ongoing
Deadline:
Next deadlines to be determined