The University of Waterloo has been named Canada’s top university for innovation for the 22nd consecutive year by Maclean’s magazine.
Maclean’s annual rank of Canadian universities saw Waterloo move up to second spot in the magazine’s Best Overall category within the national reputational rankings as well as second in the Leaders of Tomorrow category. Waterloo stood at number three in both categories last year.
“For nearly a quarter of a century, this university has been recognized as Canada’s leading institution for innovation. We consistently rank amongst this country’s best universities,” said Feridun Hamdullahpur, president and vice chancellor at Waterloo. “We have charted a course for the University of Waterloo to build on this foundation — as well as our distinctive experiential education and transformative research — to become one of the world’s top innovation universities.”
Strong support for entrepreneurs
Waterloo supports student innovators with programs such as VeloCity, the university’s startup program, and Waterloo Engineering's Conrad Business, Entrepreneurship and Technology Centre.
Over 45 companies have been established through VeloCity including Thalmic Labs, whose MYO armband allows users to control computers, smartphones and other digital devices with simple hand gestures. Thalmic Labs was founded by three graduates of Waterloo's mechatronics engineering program.
Maclean’s also places universities into one of three categories to recognize differences in the levels of research funding and the type of graduate and professional programs offered by universities.
University of Waterloo ranked highly in the comprehensive category, ranking first for reputation again this year. It also took the top spot among comprehensive universities for awards for full-time faculty and for students. The results also show that Waterloo invests the most of any Canadian university in student scholarships and bursaries.
Waterloo moved up to second spot from third among comprehensive schools for medical and science research grants awarded to faculty and first for grants from the Social Sciences and Humanities Research Council. The University had a third-place finish among comprehensive universities for total research funding for full-time faculty.
Comprehensive universities have a significant degree of research activity and a wide range of undergraduate and graduate programs.
Maclean’s reputational rankings result from a national survey of high school guidance counselors, university officials, heads of national organizations, recruiters, and CEOs of companies across Canada. [University of Waterloo news release]