Entrepreneurship

To build artificial intelligence you need droves of data. But if your data isn’t clean, the intelligence it produces won’t be either. AI systems learn from the data they are trained on, so any errors or inconsistencies in the data can lead to incorrect or unreliable outcomes. According to IBM, data scientists spend around 80 per cent of their time cleaning and organizing data, highlighting the importance of clean data in AI development.  

Aspiring entrepreneurs have long benefited from the innovation ecosystem at the University of Waterloo, an environment where entrepreneurship and innovation excel amidst a unique blend of co-op, work-integrated learning opportunities and customized wrap-around supports. 

This traditional innovation ecosystem, however, wasn’t reaching the needs of aspiring Indigenous entrepreneurs.

For almost 50 years, Kitchener-Waterloo Oktoberfest has recognized the achievements of local women with the Rogers Women of the Year Awards.

Following a sold-out ceremony on the evening of May 23, 2024, Kitchener-Waterloo Oktoberfest announced the winners and their accomplishments. This year’s recipients include a senior leader at the University of Waterloo, three alumni and a former member of Waterloo’s Board of Governors.  

Keith Cleland (MASc ‘22)
Student, Faculty of Engineering
> Founder, Aqua-Cell Energy
> Velocity

As someone born and raised in Calgary, Keith Cleland initially thought he would end up working in the oil industry. “Being from Alberta, that seemed like the natural thing to do,” he says.

Nfinite Nanotech has raised $6.5 million USD in seed funding to scale its nanomaterial product: a coating for sustainable and biodegradable food packaging that will help divert plastic waste from landfills. The University of Waterloo startup is developing an ultrathin and high-performance material for consumer-packaged goods, like granola bar wraps and potato chip bags, that keeps them fresh longer without the use of excessive non-biodegradable plastic packaging.

On May 11, University of Waterloo students were invited to participate in the GOODHack24 challenge held at Communitech in downtown Kitchener. The hackathon challenge offered a space for students to brainstorm, explore and develop innovative solutions at the intersection of open data, technology and local sustainable resources to support affected communities experiencing heat inequity.  

GOODHack24 was co-hosted by the City of Kitchener, Go Open Data (GOOD) and GreenHouse, a social incubator at United College. 

The University of Waterloo is well represented in the most recent cohort of companies accepted into the Y Combinator (YC), one of the biggest and most prestigious startup accelerators in the world.

Velocity startup Setori, developed an artificial intelligence companion to improve Gen Z’s focus and guard against procrastination and raised $1 million USD in pre-seed funding. 

Setori is co-founded by two University of Waterloo engineering alum Logan Jeya (BASc ’14) and Marc Simard (BASc ’14) and solely staffed with Waterloo co-ops and graduates.

Following a successful first test of 200 users across five countries in North America, Europe and Asia, the startup is launching a beta test of its browser extension, Tori.

Simon Chan (BA ’98) spent years as a financial executive helping people plan and save enough to retire comfortably. But his exploration of the non-financial aspects of retirement revealed a gap in industry conversations and services, especially when addressing how people are living much longer lives.   

“Across sectors, whether you work in government, industry or academia, we need to rethink how we work,” said the University of Waterloo’s Chancellor Dominic Barton in his opening remarks at the Waterloo Innovation Summit on April 25.

The former head of McKinsey & Company elaborated that, “as I get older, I’m convinced that the changes we are seeing in the world today are truly historic.” Barton pointed to the economic power shifts playing out globally, as well as technological transformations and climate change that are fundamentally shaping the way we will live and work.