Bridging the gap between student to full-time entrepreneur |

Beyond Velocity’s well-recognized incubator in Kitchener’s innovation district, Velocity supports more than 5,000 college students per yr by means of on-campus plans, these kinds of as Zero, Issue Lab and Cornerstone, made to give College of Waterloo pupils an early begin in entrepreneurship and create encounters to create essential techniques for any career route. Introduced throughout the pandemic, the Cornerstone method aids the most state-of-the-art university student teams refine their startup strategies and put together them to begin a career in entrepreneurship.

6 early-phase teams who worked on their startups by means of Cornerstone and other applications at Waterloo are relocating into the incubator exactly where they will obtain assistance from Velocity small business advisors and solution enhancement crew as they refine their preliminary startup idea, business design and proof of concept more than the following various months.

“Students have a fantastic chance to develop out their very own strategies and consider starting a business whilst they are pursuing their undergraduate or graduate levels. The College of Waterloo is a supportive surroundings where they can entry Velocity’s considerable free resources to assistance them examination their ideas. By beginning early with Velocity’s on-campus assistance, students can de-hazard their leap to entire-time entrepreneurship on graduation, when the Velocity Incubator can give them the ideal possibility at accomplishment,” says John Dick, Velocity’s director of Campus Programming.

“We in this article at TAMVOES Health are so enthusiastic to be customers of Velocity. We have uncovered so a great deal price in performing with our advisors to date and are seeking ahead to doing the job much more specifically to maximise advancement,” says Jessica Lunshof, co-founder at TAMVOES, just one of the to start with corporations to be part of the incubator write-up-pandemic.

The Velocity Incubator founders, numerous of which have gained venture cash investments, can aid guidebook these six new organizations by the one of a kind problems of setting up a startup and pursuing non-public financial commitment.

“Even though we have a keen being familiar with of our sector and our answer, at this phase, our exposure to the trader facet of entrepreneurship is nonetheless minimal. This is why we definitely price this prospect to be part of the Velocity group and fulfill with other founders, which include founders at the exact same stage as properly as founders who have presently long gone as a result of raises. We also look to Velocity’s advisory workforce to support us navigate the early-stage Canadian enterprise money ecosystem and set the objectives and milestones that will ensure our investor readiness. We are happy to be aspect of this new method. The mentoring we’ve been given at Velocity is not a little something I have identified anyplace else,” states Margaret Mutumba, CEO and co-founder of MedAtlas.

The Southwestern Ontario Health and fitness Innovation Partnership also opened a path for providers started by graduates of the Western Health care Innovation Fellowship to be part of the Velocity ecosystem and gain from Velocity’s link to the University of Waterloo to join with research labs and institutes for extra technological aid.

Fulfill the new six taking part companies

6 corporations will be a part of the 51 providers at the Velocity incubator starting off in a several days. Five of the groups ended up started by Waterloo students and alumni:

  • MedAtlas is a electronic overall health startup making it uncomplicated to locate licensed specialists and health professionals from everywhere in Africa. MedAtlas was established by Margaret Mutumba, a PhD prospect in General public Health and Wellbeing Techniques at Waterloo, Samuel Mutumba and Christoper Nsimbe. Previously this year, Mutumba shared that it was not until she had attended a Notion pitch level of competition that she assumed, “I could do this.” MedAtlas went on to turn out to be the third-area recipient of the Notion Graduate Pupil Startup Fund in 2020 and a first-area showing at the Concept $5K competition in 2021. MedAtlas has also done the Cornerstone program and participated in Translation via Velocity’s on campus programming.
  • Sway’s social commerce platform lets creators launch curated shops on their social media. Creators can seamlessly promote and market brand name merchandise to their audience by way of Tiktok and Instagram Stores integrations. Sway was launched by Mathematics university student Sam Minkov-Temis and Engineering scholar Ayush Bhargava. Sway’s campus to incubator journey was highlighted with winning a Principle $5K Grant with their sustainable trend marketplace option termed ChangeRoom in slide 2020. They then propelled further as they pivoted to tackle a much larger marketplace and finished the Cornerstone plan where they were ready to validate their remedy.
  • TAMVOES is an on-line wellness management platform that supports and merchants the details of folks, family members and qualified teams. TAMVOES is a ladies-led startup with the objective to empower individuals with their overall health data offering them the capability to make extra informed health and fitness treatment choices. TAMVOES was co-started by Jessica Lunshof. TAMVOES regularly supports the using the services of of University of Waterloo co-operative training pupils and in 2022 concluded the Cornerstone program on campus by Velocity. They have been also an active member of GEDI (Gateway for Enterprises to Find Innovation).
  • Adaptis, empowers circularity in construction by automating and optimizing setting up adaptation and content reuse preparing. They enable present house owners, architects, and engineers to make informed conclusions for decarbonizing their properties and lowering expenses. Adaptis was founded by Sheida Shahi (BAS ‘12, MA ‘14) and Aida Mollaei (MES ‘21). Shahi an architect and holds a PhD in Round Engineering from the Office of Civil and Environmental Engineering from the University of Waterloo. Mollaei is a PhD candidate in Master of Environmental Research at Waterloo. Shahi been given recognition in the Concept Graduate Student Startup fund in 2019 and went on to take part as a member of the Cornerstone program.
  • ESGTree has designed one of the most sophisticated ESG tracking and reporting know-how platforms for personal fairness and enterprise cash globally. ESGTree was founded by Majid Mirza, a PhD candidate in Sustainability Administration who is predicted to graduate in 2023. Extra than two many years ago, ESGTree was awarded funding by way of Strategy by Velocity aiding to speed up their get the job done and have considering the fact that been supported by the Grebel Peace Incubator.
  • Velocity will also welcome Vessl, a company established by Health care Innovation Fellows at Western University. Vessl will receive mentorship and obtain to facilities at the Velocity Incubator as portion of the Southwestern Ontario Wellbeing Innovation Partnership, a system funded in portion by the Governing administration of Canada by the Federal Financial Enhancement Agency for Southern Ontario to assistance the strong pipeline of wellness tech organizations that are rising in southwestern Ontario. The partnership connects startups like Vessl with services, assistance for wellbeing tech item progress and accessibility to specialised labs and clinical trial spaces. Vessl was founded by Sydney Robinson and Oleksiy Zaika who have designed a one of a kind prosthetic socket for below knee amputees. The socket quickly adjusts to ongoing modifications in amputees’ residual limb quantity to sustain a continual comfortable in good shape.

For much more facts about this new plan, call John Dick, Velocity’s director of Campus Programming.

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