Inspiring: Kik Founder Donates $1M To Kickstart University of Waterloo Seed Fund

The founder of messaging app Kik, 23-year-old entrepreneur Ted Livingston, has donated $1 million to The University of Waterloo's VeloCity Residence, a residence-based mobile and digital startups incubator (dormcubator?) where his own startup ambitions were sparked.

The University of Waterloo will now also establish a $1 million seed fund for student startups and intends to provide "at least 30 student ventures" with $25,000 as well as four months of office space, incorporation services and mentoring over the next few years.

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