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    Waterloo Startup Funding

    Home to the University of Waterloo and its legendary co-op program, the Waterloo region punches above its weight with exceptional engineering talent and a strong culture of entrepreneurship. The birthplace of BlackBerry created a thriving tech ecosystem.

    $1.8B+
    Ecosystem Size
    1,800+
    Active Startups
    $950K
    Average Funding
    3
    Unicorn Companies

    Why Start Up in Waterloo?

    Key Strengths

    • Top-tier engineering talent (University of Waterloo)
    • Strong AI and quantum computing research
    • Lower costs than Toronto (30 min away)
    • Exceptional co-op program pipeline
    • BlackBerry alumni network
    • Perimeter Institute for theoretical physics

    Top Industries

    AI & Machine Learning
    Quantum Computing
    Enterprise Software
    Hardware & IoT
    Cybersecurity
    Automotive Tech

    Waterloo Funding Programs

    Government grants, tax credits, and local programs available to Waterloo startups

    Ontario SR&ED Tax Credit

    3.5% provincial + 35% federal

    Provincial tax credit combining with federal SR&ED

    Communitech Programs

    Up to $200K

    Various support programs for tech startups

    Velocity Fund

    Up to $125K

    Pitch competition for university startups

    Regional Municipality Grants

    Varies by program

    Local government support for innovation

    Waterloo Accelerators & Incubators

    Programs that provide funding, mentorship, and resources to help your startup grow

    Velocity

    Student and alumni startups

    Up to $125K + workspace

    Communitech

    Tech startups across sectors

    Programs + investor access

    Concept

    Hardware and IoT startups

    Facilities + mentorship

    Rev N

    Social impact ventures

    Resources + acceleration

    Active Investors in Waterloo

    VCs, angels, and investment firms actively funding Waterloo startups

    Golden Triangle Angel Network

    Angel Network

    Early-stage tech startups

    Radical Ventures

    VC Fund

    AI and machine learning

    Real Ventures

    VC Fund

    Seed-stage companies

    BDC Capital

    Government VC

    Tech companies

    iNovia Capital

    VC Fund

    Early to growth-stage

    Waterloo Success Stories

    Inspiring companies that started and scaled from Waterloo

    Clearpath Robotics

    Robotics

    Leading autonomous vehicle technology company

    Kik

    Messaging Platform

    Acquired by MediaLab, 300M+ registered users

    D2L

    EdTech

    Learning platform serving 15M+ learners globally

    ApplyBoard

    EdTech

    Valued at $4B+, helps students study abroad

    Waterloo Startup Resources

    Coworking Spaces

    • Communitech Hub
    • Velocity Garage
    • The Working Centre
    • Catalyst137
    • CBRE Workplace

    Universities

    • University of Waterloo
    • Wilfrid Laurier University
    • Conestoga College

    Key Events

    • True North
    • Communitech Events
    • Velocity Demo Days
    • Waterloo Innovation Summit
    • Tech Leadership Conference

    Start with a little clarity

    Useful tools. Free to explore.

    Assess eligibility, prepare your records, and estimate credits. No signup required.

    SR&ED eligibility quiz

    See if your project may qualify.

    Explore tool

    T661 checklist

    Prepare each section of your form.

    Explore tool

    R&D credit calculator

    Estimate federal and provincial credits.

    Explore tool

    Grant finder

    Explore Canadian funding programs.

    Explore tool

    Ready to Fund Your Waterloo Startup?

    Access SR&ED tax credits, local grants, and connect with Waterloo's investor community

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