Kitchener hub hopes to inspire a new wave of innovation [Video]

Entrepreneurs, business owners and founders will soon have a new place to work on their ideas thanks to the University of Waterloo.

The school officially opened a new collaboration space in downtown Kitchener that they are calling the Innovation Arena. Velocity, the university’s startup incubator, is moving into the space to support burgeoning businesses.

The Innovation Arena features development labs and manufacturing equipment, including 20,000 square feet of space dedicated specifically to hardware, to transform ideas into real-world products and services.

“The Innovation Arena is the new home for entrepreneurship at Waterloo and will be a nexus for health innovation,” University of Waterloo President and Vice-Chancellor Vivek Goel said in a news release. “Building on the momentum from Waterloo startups like Intellijoint Surgical and KA Imaging, and with resources for advanced technology startups and access to partners in the health care sector, the facility will accelerate southwestern Ontario’s drive to …