The Velocity Fund is a non-equity grant program for startups. Each year Velocity produces three pitch competition events where the Velocity Fund awards at least $115,000 in money to winners. To read more about the Velocity Fund Finals, please visit their website.
At the Velocity Fund Finals, Spring 2015, the following students from the Math faculty pitched their ideas:
The Waterloo International Genetically Engineered Machine (iGEM) team, composed of students from the Faculties of Mathematics, Engineering, Science, and Applied Health Sciences, won a gold medal for designing Staphylocide. Staphylocide is a synthetic bacterium that is designed to turn off the antibiotic-resistance gene in Methicillin-Resistant Staphylococcus Aureus (MRSA), making it responsive to treatment again.