Velocity Incubator is a University of Waterloo-affiliated accelerator/incubator in Waterloo, Ontario supporting pre-seed, seed and early-stage technology founders in Canada. It focuses on deep-tech and technology startups across AI, software/SaaS, hardware, biotechnology, robotics, healthtech, climate, manufacturing and related sectors. The program provides workspace, labs, coaching and founder community with no equity taken and no cost to participate, making it most relevant for small teams able to work onsite while validating customers and building toward company formation.