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_ WATERUX) CHRONICLE 0 Wednesday, February 5. 2014 - Is 8 Velocity hits 1 00 U W student incubator surpasses $1 00 million in fimding for startups ompanies in the University ignite»? W - " ' â€" ‘ preneurs with innovative ideas by ‘ of Waterloo's Velocity start- ' ' ‘ giving them free space. startup pro- up program have raised , i gramming and mentorship to build more than $100 million in funding 9; their ideas into businesses. When in the five years since the incuba- j the time is right. Velocity guides lot was launched. . ,,( . companies towards angel investors. Investment received by Velocity a venture capitalists and government - companies includes funding from ' l grant programs. Startups are select venture capitalists. angel investors. ‘ ed for the Velocity Garage work - government programs. and grants space through an ongoing applicav from the Velocity Fund, as well as tion prm‘ess. or by winning Velocity from crowdfunding website, Kick. Fund competitions. staneri Velocity has contributed more Startups such as Kilt, Pebble than $750,000 to the $100 million and Thalmic labs raised the most funding total with grants to emergA funding of all startups to come ing startups'lhrough Velocity Fund through Velocity. Mappedln. lhlette competitions. The competitions and Weston Expressions are some . were first held in 2011 after a of the more recent startups to suc- $1 million donation to Velocity cessfully attract significant invest- from Ted Livingston, founder of merit. Kilt. The competitions take place Pebble. the first Velocity team to - ' three times a year Previous fund crowdfund on Kickstarter. made . . ‘ . . winners include Mappedln. Planr headlines in 2012 when they mud wwwnmummmmmmmsmmumm; . board. Buffergox' Weston ”was. mom than $10 million with almost Reza Mood:. Ministerotllueavdiandhnovatioielooks on.Wynrierecemlyto:xedttieVeloCityspacefollovwng a Sums. Thalmic Labs. Kira Talent. 70.000 prerorders of the Pebble S300-m:llion venture capital announcement. Velocity startups have raised $100 million in funding. “my my more Voltera, and Kite. among others. watch â€" beating their fundraising porting young entrepreneurs is Premier Kathleen Wynne on a visit known source of tech talent and "‘8 "105‘ recent winners "0'“ goal of $100,000 In January of thus making a noticeable impact _ our to Waterloo Region. The fund aims emerging technology in (:mada," ”1" November competition. "0W year, Palette raised more than stanups have raised over Sim mil to drive private sector investment said Michael Mahon, director of operating at the Vt’lmil'y (“amigo 5150.000 on Kickstarter for their lion in just five years.‘ said Mike in Canadian companies in the strategic investments and :nitia WOTKSPHCP' ”W'UdP P”“"“””» fret-form interface that offers Kirkup, director of Vebcity. 'We're early-to-middle stages ofgrowth lives at BIX. Venture ('apital “We LightBoi. MetricWire and “MV” hands ("1 (“film‘s f0! th‘dlf- ‘ now in a great position to help 'What differentiates Velocity congratulate Velocity on achieving "0"“1» The s 100 million milestone attract thencnflm million.” from other incubators is the posh this important milestone and we H" a “WWI“? “5‘ ”f Pd" does not include acquisitions. such Velocity's funding milestone tive and tangible impact it has look forward to working with them V9.0“W Fund winners and ”W [N as (angles acquisition of liufl’erBox coincides with the launch of the achieved in a very shon period of to support the vibrant startup 0' the 35 ml” “"79le operat "120w Northlcaf Venture our”: Fund nine. Theireflorts have contributed ecosystem that exists in Waterloo.” in: a! Velocity Garage vml "Ihe Velocity approach to sup announced last week by Ontario to Waterloo becoming a well- Velocity supports young entre- wwwvelodtyumterioo.m. ,’ , " ummmWeu-ng 21% Q mai- m in in ii:- but at m a - ,. mm". -_ * - - on 0 . ' Q lemma 3.8a {j w rm Aim ' mummy-n... ‘ -- awn-mo hâ€" ,1 i‘llf’fir «.u in» . Am -1 "'90" “It when.“