Velocity Fund Pitch Competition (VFPC)

The VFPC is Canada’s premier early-stage startup competition.

Three times a year, early-stage startups compete to receive $50K investments from the Velocity Fund.

With the launch of the Velocity Health Tech Fund, your early-stage health tech startup could earn up to $100K in investment.

Velocity is committed to adding value beyond an investment cheque, with critical and useful feedback at every step of the competition process.

Many prominent investors also use the VFPC to build relationships with high potential early-stage startups.

Over $1 billion of equity value has been created through the VFPC!

How it works

Each year, up to $600,000 worth of investments are awarded to 12 worthy startups through Velocity’s first pre-seed, micro-VC fund.

Early-stage startups in health tech may also be eligible to compete for an additional $50,000 investment from the Velocity Health Tech Fund.

The investment

Velocity invests in companies using a SAFE (simple agreement for future equity) agreement with MFN, no valuation cap, and no discount. You can read more here. (Note: this links externally to Y Combinator’s Safe Financing Documents page.)

Do you think you could be the next?

Application overview

Submit a written application. Participate in an interview. The top applicants are invited to interview with a panel of Velocity leaders and alumni. Pitch to win. The top 10 teams are invited to present their pitches at the finals held twice a year. Winners will be selected by VCs, industry veterans, and established startup founders.

Learn more about the application process.

During the competition, startups have an opportunity to network, showcase their product demos, and schedule 1:1 meetings with angel and pre-seed investors.