SPICA Directory Online
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
|Name and Mailing address|
|Street:||200 University Avenue West||Send mail:|
|City:||N2L 3G1, Waterloo||Phone/Fax:||+1(519)8042240 / +1(519)|
|Communication & Contact|
Marketing & Communications Coordinator ...
|Business Accelerator Services|
Office rooms for short term rent (per day / week)
Workspace (desk) for rent (by hour / day / week / month))
Internet Access (high speed) / ICT services
Printer, copier. etc.
|The goals of the Business Accelerator:||Specific Target Groups:|
|Develop profitable companies
Raise awareness of entrepreneurship
Raise awareness of innovation
Economic Development of the city or region
|University students and graduates
|Type of Incubator||Type of Organization||Financial Model|
Mixed use / without technological focus
|Business Accelerator Data||Year (statistic): 2017|
|Rental Space||Client Firms||On-site clients that at the same time are tenants of your incubator / park||Off-site clients that use your services without being tenants of your incubator or park|
|total sq.m. available in incubator||Total 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/administration||Number of client firmsNumber of client firms at this time in on-site or off-site incubation program repsectively.|
|sq.m. rented by client firms||Number of employees in client firms|
|number of staff working in management / services|
|Business areas of client companies|
|September 13, 2018|