Startups bag $50K

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Photo by: Imprint

UW’s in-home start-up incubator, Velocity, held its annual fund pitch competition on Sept. 19, which aimed to encourage and support early-stage start-ups. 

Four start-ups won $50,000 each in prize money in four sepeerate competitions.

The four winners, Maple Precision, SquidBio, StackTronic, and Watfly also received intellectual property, legal services, and a provisional patent application. 

“After 25 competitions, we continue to showcase the best from across Canada, proving our dedication to highlighting today’s most forward-thinking innovators,” Jay Shah, Velocity’s director of start-ups, said. 

Maple Precision, founded by CEO Rebecca Swabey, supplies affordable positioning solutions, centered around Global Navigation Satellite System receivers including the first RTK GNSS receiver for under $500.

Maple RTK provides centimeter accuracy for all precision applications.

SquidBio, founded by Isaac Ellmen and Danielle Rose, created an in-home personal DNA synthesizer that labs can use, making it a faster, cheaper, and reliable process. 

StackTronic created a flexible and modular battery platform that simplifies the design process for electric powertrains, allowing any vehicle to be battery-powered.

The company was founded by Robert Rowland, Riley Stone, Nicolas Benais-Thomson, Ethan Hamshaw, and Keith Teeple

Finally, Watfly, founded by mechanical engineering students Abinesh Chandrasekhar and Gonzalo Espinoza Graham, is developing a single seater air vehicle powered by the latest in electric propulsion technology. 

The start-up has its sights set on being the first affordable air vehicle to bring vertical take-off and landing to market.