Brian Bennett, Manager of Business Development, City of Kitchener provided an introduction about Velocity and Health Innovation Arena (HIA) to the committee members.
He explained that the Innovation Arena is a collaboration space launched by the University of Waterloo and will serve as the home for Velocity, the University’s flagship startup incubator.
The committee members were taken on a guided tour of the Innovation Area by Moazam Khan, Director-Health of Velocity, who highlighted its layout and purpose.
He shared the following key points with the members:
- Key Area of Focus : Health Innovation
- Velocity is a state-of-the-art facility with the largest concentration of health innovations in Canada.
- Velocity also works in collaboration with existing hubs like Medical Innovation Xchange (MIX).
- Velocity offers product development labs, collaborative workspaces, manufacturing equipment available for turning prototypes into products.