News

Sushan Shetty (MBET ' 22) works for Mastercard as an Associate Managing Consultant. He takes customer data and creates personalized, real-time communications for his clients. These new tactics reshape marketing techniques that have been used by credit card companies for decades. Read on to learn about how entrepreneurship becomes intrepreneurship. This different take on innovation within a company is exactly what Shetty is doing in his current role. Learn about how his experience in the MBET program has allowed him to stand out.

Despite the challenges faced in 2021, students, staff and alumni at the Conrad School of Entrepreneurship and Business continued to demonstrate resilience and accomplished many achievements. Here are a few highlights from the past year.

A startup founded by second-year Waterloo Engineering students just five years ago would have a market capitalization of US $5.16 billion under a proposed merger to make it a publicly traded company.

Embark Trucks, which is based in San Francisco, was launched by former mechatronics engineering students Alex Rodrigues and Brandon Moak to bring autonomous technology to the trucking industry.

NERv Technology, a Kitchener-Waterloo-based startup offering a sensory platform designed for the healthtech sector, has closed a $3.32 million CAD ($2.65 million USD) seed round of funding.

The seed round was led by returning investor SOSV, with participation from Graphene Ventures, OneValley, Northspring Capital Partners, Boutique Venture Partners, and Threshold Impact. A number of additional undisclosed strategic investors, angels, and physicians also invested in the round.

The Hult Prize @ Waterloo competition energizes and activates socially-conscious entrepreneurs at Waterloo and beyond, and this year will no doubt be one of the most exciting yet! Food is a universal need and source of comfort. The theme for this year’s Hult Prize challenge, dubbed “The Nobel Prize for Students”, is Food for Good. The mission? To create jobs, stimulate economies, reimagining supply chains, and improving outcomes of 10 million people by 2030.

Hot on the heels on of their initial $29 million (USD) Series C funding announcement for Otto Motors, a division of Clearpath Robotics, this stellar example of Waterloo-entrepreneurship has announced an additional $6.6 million (USD) extension to their historic funding round. 

Shane Kilpatrick (MSc ’17, MBET ’18) is the CEO of Membio, a Canadian startup creating technology to manufacture red blood cells. In the Waterloo Magazine, he touches on the challenges and opportunities that COVID-19 presents for Canadian innovation.

Ten student venture teams will have the opportunity to win one of four $5,000 grants at the Concept $5K finals today. Six out of ten ventures have founders that are current or former students of the Conrad School of Entrepreneurship and Business.

NERv Technology emerged victorious through three days of pitching against a group of 100 finalists at the Entrepreneurship World Cup Global Finals.

NERv Technology is an innovative monitoring system for post-operative patients that strives to ensure that no patient loses their life because of an undetected post-operative complication, received a US$500,000 cash prize and a “Shenzen Prize” package to help the company expand into China and in-kind support and services from a collection of EWC partners.

CataLight, a University of Waterloo social impact startup shone brightly at the 2019 Rice Business Plan Competition (RBPC) competing head-to-head with students from the world’s top schools like MIT, Notre Dame, Penn State and Northwestern. After three days of competition, Co-founders Ashley Keefner, Ph.D., MBET and Kevin Dang, MBET advanced to the Final Round as one of only two Canadian teams competing, defeating 35 teams in the process.