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Science entrepreneurs go head-to-head at the 2016 Winter Velocity Fund Finals

Monday, March 28, 2016

This Thursday student entrepreneurs from the Faculty of Science and Velocity Science companies will compete at the biannual Velocity Fund Final competition.

Waterloo students and alumni pitch their innovative ideas for the chance to win cash prizes to grow their businesses and ideas. 

Velocity Science, a partnership between the Faculty of Science and Velocity, is an entrepreneurship program focused on enabling students to initiate and develop world-class life and physical science startups by providing them with the right tools and resources.

Velocity Fund Final $5K Companies

The morning will kick off with the $5,000 competition. AVRO Life Science, Gamelynx and Tabnex are just a few of the science startups in the competition. 

First year Science students Tom Chong and Keean Sarani along with engineering students Jiwoo Jang and Shak Lakhani are the founders behind AVRO Life Science, a Velocity Science company. AVRO Life Science is developing novel approaches to conventional transdermal drug patches, specifically for the delivery of antihistamines.

Gamelynx is a digital gaming platform that provides users with the ability to play in-person games with their friends, without the use of physical game boards or cards. Carter Minshull 3B Physics and Astronomy, Matthew Sourgoutsidis (Arts), Alexander Mistakidis, Matthew Yang and Allen Gao (Math) are the founders.

Tabnex streamlines the job application process to save time and increase productivity through automation. The startup includes Marwan Areibi (BSc Biomedical Science ’15), Mohammad Saad (Environment) and  Abdurrahman Muni (Arts).

The other startups in the $5K competition are: CognitiVR, Godel, Gymnatik, Moocow Unicycles, PASS Kit, Scavengr and Tailor.

Velocity Fund Final $25K Companies

The day will end with ten companies competing for one of four $25,000 prizes. 

Velocity Science company BioFlex Implant is one of the ten startups in the competition. BioFlex Implant replaces traditional orthopedic implants used to treat fractures, with biodegradable implants. BioFlex Implant was founded by Munish Raghuwanshi, Michael Canam, Pulkit Gulati and Alaqian Zafar (Engineering).

Sankarshan Mudkavi, a 3B Mathematical Physics student, and Tobias Gu (BASc ’15) are the founders of Okey, another competitor in the $25K category. Okey is an app that logs you into your digital accounts when there is close proximity to your mobile device. With no user interaction, Okey is faster and more secure than typing a password. 

The other eight startups competing for one of the four $25K cash prizes include: AdGoco, Fiix, Guardio Health Technologies, Itas, Lace, Landmine Boys, Numa Robotics and Pegasus Aeronautics. 

At the end of the day the judges will present one winner, from either competition, with an additional $10,000 for the top hardware pitch. 

Register to attend the event and get a free box lunch.