jades writes "The University of Waterloo (Canada), sometimes billed as the 'MIT of the North' is establishing a residence 'incubator'. Meant to challenge 70 of their very top students in the tech and business fields, students will live together and work on 'the future of mobile communications, the web and digital media'. It's called 'VeloCity', and it launches in Fall 2008 after renovations are completed this summer."
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