Federal funding will help Waterloo Engineering entrepreneurs

Wednesday, February 22, 2012

Waterloo Engineering graduates working for or starting small companies will benefit from $2.3 million in new federal funding announced February 22 at the University of Waterloo. The university's graduate enterprise program, which helps master's and PhD graduates find jobs with small or medium companies, received almost $1.4 million. In addition, FedDev Ontario and the university are jointly sponsoring up to 20 commercialization fellowships to help recent graduates and new alumni commercialize an innovation and start a business. The fellowships will provide $60,000 one-year fellowships for up to 20 Waterloo graduates or recent alumni of engineering, science, technology and mathematics programs who want to commercialize their innovations and start high-tech businesses. [DB article]