Scotiabank donates $1M to increase STEM diversity

One of the largest financial institutions in Canada is contributing more than $1 million to help increase diversity in STEM (science, technology, engineering and mathematics) fields at the University of Waterloo.

Scotiabank is using the money to create a variety of scholarships to support students from underrepresented groups as they pursue STEM studies.

Also included in the Scotiabank Future of Talent and Innovation Initiative is support for engineering outreach to racialized students in Grades 1 to 12, as well as the existing Women in Engineering program.

“As a global leader in STEM education, we know that diversity propels innovation and meaningful change in our world,” said Vivek Goel, president and vice-chancellor of the University.

“With this initiative, Scotiabank and Waterloo are encouraging groups who may have felt excluded from STEM to bring their boldest ideas to our campuses and create the future they want for themselves, their communities and the world.”

Go to The future of talent and innovation for the full story.