Velocity, University of Waterloo – Concept $5K Grant (2022)


Concept $5k is an University of Waterloo pre-incubator program for students. The Concept $5K pitch competition offers the opportunity for University of Waterloo student led teams with innovative solutions and high potential business ideas to showcase their hard work and compete for grant funding.

Comments on Funding:

Funding is a $5,000 grant.
Student teams can only win a Concept $5K Grant once.


Applicant must:

  • currently be a University of Waterloo undergraduate student, graduate student or postdoc;
  • have an idea or concept that has the potential to be turned into a scalable startup (i.e. it has big market and high growth potential);
  • not have received $50K or more in funding (e.g. from grants, Velocity Fund Pitch Competition).

Other Things to Note:

The Concept $5K Finals are held three times a year. Check their website for the updated 2022 dates.

Program Contact:

Concept Home

Concept $5K Grant

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