The University of Waterloo has long had a history of students and alumni who break the mold of what is possible. They have constantly pushed their industries forward with a new way of thinking. This legacy took a significant step forward ten years ago with the founding of Velocity.
I won’t go into the details of how a small university incubator that started in a student residence building grew into Canada’s most productive incubator with startup businesses that have raised over $815 million. That history of success speaks for itself.
What makes Velocity so integral to our University community is that it encapsulates our culture of making bold, risky choices in the pursuit of impact and strengthens our entrepreneurial spirit.
Taking Risks One Venture at a Time
Waterloo students take risks. Their boldness is contagious and has been exciting to witness. From the spark of a business to completing a series B funding round, Waterloo students push their dreams forward.
Our students need an outlet and support to help make these dreams a reality. That is where Velocity inexplicably changed our University. Building a business from nothing but an idea is one of the most difficult journeys anyone can take. Velocity enables our students to thoughtfully tap into their unbridled passion and be supported from the very beginning.
This support makes all the difference in the world. It mitigates risk and pushes our students forward, giving them the knowledge and connections they need to take on the world. We also instill the belief that if their venture falters along the way, they can always try again. It’s not the end of the road. Not by a long shot.
You learn from the roadblocks. You gain insight into an industry. You get up off the ground and try again.
Our students are allowed the room and encouraged to dream and make something great. This is what makes Velocity and Waterloo so unique. What makes us successful is our students and their ability to tap into their pioneering spirit and create something.
Velocity has changed the lives of thousands. From the student founders to those working for startups and established businesses that came from Velocity, and those utilizing the products and services that our entrepreneurs have based their businesses on.
It’s been a decade of entrepreneurship at Waterloo that no one could have predicted, but ten years in, I know we are only just getting started.