Velocity was created for the purpose of giving students at the University of Waterloo access to resources to turn their innovative ideas into successful start-up businesses. Through Velocity, students at the University of Waterloo are fostered as entrepreneurs through first-hand experience and interaction with successful industry professionals, and are supported with the tools to learn, network, and share ideas with their peers. In 2008, Velocity branched out to create Velocity Residence, which provides an opportunity for University of Waterloo students to engage in their entrepreneurial interests. Students have the opportunity to network with others from a variety of disciplines, and this experience culminates in a one week boot camp where students learn how to solve problems associated with running a business.
Today, Velocity has a total of six interlinked branches: Velocity Residence, Velocity Garage, Velocity Alpha, Velocity Science, Velocity Foundry, and Velocity Fund Finals. These branches support students by giving them funding opportunities, mentorships to help them build their startup businesses, and the equipment necessary to run their start-ups.
Northbridge Consultants has over 20 years of experience assisting clients in digital media and manufacturing companies with grant applications to hire and train recent graduates, secure tax credits, and build their businesses. Notable examples of grants include the ICTC – Career Connect Program, the Youth Employment Fund, and the Canada Jobs grant. Northbridge Consultants assists successful Information and Technology (ICT) startup firms secure the maximum amount of funding from programs such as the SR&ED tax credit program, which gives eligible companies up to a 35% tax credit for R&D work conducted. For companies that want to build their advantage over their competitors, contact Northbridge Consultants and see how we can help you grow your business.
