Kik-founder donated seed money to his alma mater $ 1,000,000

Kik only 23 years old founder Ted Livingston in 2005 - 2009 studied at the University of Waterloo (The University of Waterloo), and in the winter of 2009 apartments in which they reside VeloCity Kik created this application. The apartment is located in the University of Waterloo VeloCity an accommodation for the mobile and electronic business incubation center project.

In early March the first round of financing Kik received 800 million investment, Ted was part of the shares transferred to one of the investors, allowing him the opportunity to come up with 100 million as seed money to return to the apartment VeloCity young people.

These 100 million in seed funds to start projects for the University of Waterloo students. They will be at least 30 students in projects to provide 2.5 million dollars and 4 months of office support services and after will also provide up to give some guidance.

The amount of $ 25,000 is also behind the story in paragraph: When Ted's grandfather left him $ 25,000, it is the money to help Kik company to survive and spent the initial development stage. Ted hope that this seed money to entrepreneurs to help more students successfully started:

University of Waterloo is not too much burden on students, there are many talented people around, they have a unique opportunity to create something that would change the world of the company. Unfortunately, few investors willing to bet the young entrepreneurs in the body, which is even worse in Canada, for them to obtain the funds required for their venture is a huge challenge. This fund is a step to change this situation.