VeloCity Venture Fund, the venture unit of the University of Waterloo, is to make four investments of $25k each across four student-led startups followings its annual venture contest.

Web development platform Kite, project management tool Planlead, wearable health manufacturer Blacktree Health and music application SoundBrush will all split the $100k put up by the University.

The Fund awards up to $300k in Waterloo students each year, and also manages the University’s incubator VeloCity Garage.

Jeffery Morgan, co-founder of Kite, said:…

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