Business Accelerator Profile

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At nearly 37,000 square feet, the Velocity Garage provides a home base for startups building cutting-edge technology in the heart of Waterloo Region.
Companies who are accepted into the Velocity Garage are given workspace, access to a mentor network, and introductions to investors who will help build their business. Facilities offered by the Garage include a science lab, assembly space, workshop, and prototyping lab, as well as a small fitness room and basketball court. And it’s all free. Velocity does not charge rent or take equity from companies. As with all Velocity programs, companies and teams are encouraged to solve problems collaboratively, share ideas and contribute to the startup community by mentoring others.
Companies operating in the Velocity Garage quickly become part of the Velocity ecosystem. The energy is infectious and provides an environment of creativity married with industriousness that is unmatched in Canada    more / less

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Name and Mailing address
Name: Velocity Web-site: Velocity
Street: 200 University Avenue West Send mail:
City: N2L 3G1, Waterloo Phone/Fax: +1(519)8042240 / +1(519)
Country: Canada Networks:         
Communication & Contact
  Jay Shah

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  Nancy Heide
Associate Director

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  Sarah Lima
Operations Manager

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  Alyana Versolatto
Marketing & Communications Coordinator ...

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Business Accelerator Services

Office rooms for short term rent (per day / week)
Workspace (desk) for rent (by hour / day / week / month))
Meeting rooms
Internet Access (high speed) / ICT services
Printer, copier. etc.
The goals of the Business Accelerator: Specific Target Groups:
Develop profitable companies
Commercialize research
Create jobs
Raise awareness of entrepreneurship
Raise awareness of innovation
Economic Development of the city or region
University students and graduates
Type of IncubatorType of OrganizationFinancial Model
Business Accelerator

Mixed use / without technological focus
PPP Public-Private-Partnership
Business Accelerator Data Year (statistic): 2017
Rental SpaceClient FirmsOn-site clients that at the same time are tenants of your incubator / parkOff-site clients that use your services without being tenants of your incubator or park
total sq.m. available in incubatorTotal number of clients servedTotal number of cleints served since beginning of incubator operation. Only clients that have been advised regarding business start-up (not, for example, counting participnats of trainings, seminars, etc).
sq.m used for incubator services/administrationNumber of client firmsNumber of client firms at this time in on-site or off-site incubation program repsectively.
sq.m. rented by client firmsNumber of employees in client firms
Incubator Staff
number of staff working in management / services
Business areas of client companies
Last Updated
September 13, 2018