As reported by
Exchange Magazine, this summer will see the launch of the forefront initiative, the
University of Waterloo's new boot camp for young entrepreneurs. The three-month residency is designed to fast-tack the careers of the province's young emerging entrepreneurs. In addition to informative seminars and workshops each student will receive a minimum of $3,000 to develop their very own service or product.
"The forefront initiative, which runs from May to July, will be based in Waterloo's VeloCity, a trail-blazing hybrid student residence and high-tech incubator which in less than two years has spawned several strong startup companies in mobile communications and digital media through its teamwork approach."
"The VeloCity Entrepreneur BootCamp (VEB) will enable top student entrepreneurs to fast track the launch of their technology-based startups. Selected students will be mentored by some of Canada's most experienced and successful entrepreneurs. They will live rent-free at VeloCity and will work out of office space provided at no charge by the Accelerator Centre in Waterloo's research and technology park. The students will each receive $3,000 (up to a maximum $9,000 for each team) and own 100 per cent of their intellectual property. As well, they will attend seminars and workshops on important business-related topics. It is the first nation-wide, residence-based program of its kind in North America."
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Exchange Magazine