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The University of Waterloo’s flagship startup entrepreneurship program, Velocity, is bringing its pitch competition to Toronto.
The competition, which showcases 10 Canadian startups poised to advance the innovation economy, will be held on Sept. 19, 5:30 p.m. to 9 p.m., at the Bram & Bluma Appel Salon in the Toronto Reference Library.
The startups will compete in front of a sold-out crowd for four investment opportunities worth $200,000 in total.
Jay Shah, the Director of Velocity, said the decision to bring the event to Toronto is a sign of the Velocity Fund Pitch Competition’s growth– collectively, the competition’s winning companies are now worth over $1-billion– but it also represents an expanded effort to attract the brightest minds in entrepreneurship and innovation from beyond the Waterloo Region.
‘Bringing the competition to Toronto opens startups up to a greater pool of capital and talent — and presents investors with a curated slate of companies that have already been vetted by industry leaders,’ Shah said in the release.
Three times a year, startups can apply to compete for one of four $50,000 investments. The top applicants are invited to interview with a panel of Velocity leaders and alumni and the top 10 are invited to present their pitches at an exclusive, photo-op filled event.
The Toronto event is an important and exciting step forward in the program’s aim to strengthen the ties between the Waterloo and Toronto, Shah said in the release.