Students and graduates in the Waterloo area and across southern Ontario, will benefit from nearly $2.5 million to help stimulate innovation through skills training. This funding, announced today by Peter Braid, Member of Parliament for Kitchener-Waterloo, on behalf of the Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), will enable the University of Waterloo, Shad Valley International, and University of Waterloo Commercialization Centre to expand their diverse programming in the science, technology, engineering and math (STEM) fields.
“Our government is committed to fostering innovation and creating jobs and growth in southern Ontario,” said MP Braid. “We are proud to partner with institutions like Shad Valley International, University of Waterloo and University of Waterloo Commercialization Centre as they help students, from kindergarten through to university and beyond, pursue careers in scientific fields and bring new ideas to the marketplace.”
Thanks to these investments, the three institutions will be providing young people with new opportunities to build careers in STEM fields, by offering them access to summer programs, fellowships, and internships. These contributions are being provided through the Youth STEM, Graduate Enterprise Internship, and Scientists and Engineers in Business initiatives, delivered by the Federal Economic Development Agency for Southern Ontario’s (FedDev Ontario).
“For over 30 years, Shad Valley has motivated top youth to pursue their highest levels of educational and career achievement relating to STEM fields,” said Barry Bisson, president of Shad Valley. “Shad Valley participants are Canada’s future innovation leaders, and FedDev’s investment in them will help create a more vibrant future for southern Ontario.”
“We’re very pleased that FedDev Ontario selected the University of Waterloo to administer the Graduate Enterprise Internship program. Funding from this program will give added incentive for employers to offer internship opportunities to graduate students and recent graduates,” said Peggy Jarvie, Executive Director of Co-operative Education & Career Services at Waterloo.
“These fellowships will provide the financial support for Waterloo graduate and alumni entrepreneurs to get their innovations off the ground and build successful new businesses that will, in turn, generate new employment opportunities for Southern Ontario,” said Feridun Hamdullahpur, president and vice-chancellor of the University of Waterloo.