The University of Waterloo supports the Government of Ontario’s continued investments in accessibility for students and promotion of experiential education announced in the budget, yesterday.
The University is disappointed that the government chose not to fulfill the previously announced support to fund the Science Centre for Innovation.
The Science Centre for Innovation (SCI) project will create a research space that will advance the University’s ability to advance world-leading interdisciplinary research, create new companies, and assist external partners and businesses with solving problems in the areas of health and the environment.
“The SCI will expand our ability to create new companies, advance world-leading interdisciplinary research,create new companies, and help us better solve the problems of our public and private sector partners,” said Robert Lemieux, dean of Waterloo’s Faculty of Science. “We will continue to seek alternative sources of funding – both private and public – to fulfill funding for this priority initiative.”
The SCI project will see the University expand its research and innovation capacity by creating a 105,000 square-foot facility that includes research space for bio-based chemistry, ecohydrology, materials and nanoscience, quantitative biology, metagenomics and synthetic biology. The centre will also create a new home for the Science and Business program and Velocity Science, a University program that supports science-based startup companies.
The SCI project was originally presented to government in 2014 and received an endorsement from the federal government the next year. The University planned to fund the $80 million facility through $30 million in fundraising, $30 million from the University, and $25 million in government support.
About the University of Waterloo
University of Waterloo is Canada’s top innovation university. With more than 36,000 students we are home to the world's largest co-operative education system of its kind. Our unmatched entrepreneurial culture, combined with an intensive focus on research, powers one of the top innovation hubs in the world. Find out more at uwaterloo.ca.