The document discusses VeloCity, a student incubator program at the University of Waterloo that aims to engage students in entrepreneurship and connect them with the local startup community. It provides updates on VeloCity's activities, which include hosting events, bringing in speakers, and helping students launch startup projects. The program has experienced success in getting students involved in local startups and helping launch new companies. It plans to further develop partnerships, engage alumni, and iterate its programming to better support students and connect them with the wider community.