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The University of Waterloo, located in Ontario, Canada, announced Tuesday that it received a $1 million donation from 23-year-old alum and tech entrepreneur Ted Livingston. The money was given to help fund VeloCity, the University's residence-based program for student entrepreneurs. Livingston, who is the founder of mobile messaging app Kik, has a special connection to VeloCity, having founded Kik (then called Unsynced) while living in the residence in the winter term of 2009. Livingston studied mechatronics engineering at Waterloo from 2005 to 2009.

To read the full, original article click on this link: Young Entrepreneur Donates $1M to College Start-up Incubator - AOL Small Business

Author: Tamara Schweitzer Raben