November 25, 2015
The University of Waterloo’s Velocity startup program will become North America’s largest free business incubator thanks to a new partnership with tech giant, Google, and the industry-led innovation centre, Communitech. Velocity and the University of Waterloo are the heart of the dynamic Waterloo regional innovation ecosystem providing the foundation for the region’s economic growth and job creation. Velocity-founded companies have raised in excess of $250 million in venture capital and have created more than 800 jobs since the program started in 2008. Velocity has created more than 160 companies that are built to last and succeed. Velocity companies have a four-year survival rate of 66 per cent, outperforming the US-average of 48 per cent.
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