On August 28, the Government of Canada officially announced its plan to create 60,000 student work terms over the next five years. Part of that includes a $73-million investment in the Student Work-Integrated Learning Program (SWILP) to create 10,000 paid work terms over the next four years. The announcement was made at Synaptive Medical (a proud Waterloo employer) during an event hosted by BioTalent Canada – one of the organizations administering SWILP funding.
There are five confirmed partners for the SWILP program; these partners will distribute the SWILP funding:
- BioTalent Canada will distribute approximately $5.6 million in funding, and it’s expected that over 1,000 paid work terms will be made through the partnership for STEM students in the bio-economy sector.
- Eco Canada will distribute funding to support the creation of work terms for students in the environmental sector.
- Canadian Council for Aviation & Aerospace (CCAA) will distribute funding to support work terms in the aviation and aerospace sector
- Information and Communications Technology Council (ICTC) will provide funding opportunities to support work terms in the information and communications technology sector
- Information Technology Association of Canada (ITAC) will provide funding opportunities to support work terms within a business+technology or information systems technology, computer science or engineering related area
“Giving students the opportunity to get hands-on experience while ﬁnishing their studies will strengthen Canada’s bio-economy by bridging the gap between industry and academia.”
- Rob Henderson, President and CEO, BioTalent Canada.
This announcement creates a lucrative opportunity for eligible employers to hire co-op students over the next four years. Employers who have already hired for the fall 2017 term may be eligible for retroactive funding via BioTalent and Eco Canada. Employers based in Ontario can also receive the Ontario co-op tax credit in addition to SWILP funding.
More information about the SWILP program including application details, deadlines, and eligibility can be found on our SWILP page.