$32.6M in federal funding for new Waterloo U Engineering 7 building
Investment to create jobs, expand research and foster innovation
Jan. 14, 2017 - The federal government is investing $32.64 million for a total combined investment of nearly $88 million in the University of Waterloo to help construct a new research and engineering building. To be known as Engineering 7, the building will house more than 40 labs to support research in fields such as additive manufacturing, autonomous vehicles and robotics, biomedical engineering, and the Internet of Things (IoT).
Funding for this $88-million project includes: $32.64 million from the Government of Canada; $18.86 million from the University of Waterloo; and $36.5 million from private sector donors.
The investment supports Canada’s Innovation Agenda, which is designed to boost Canada’s global competitiveness in “promoting research, translating ideas into new products and services, accelerating business growth and propelling entrepreneurs from the start-up phase to international success.”
“As our province continues to build a competitive, robust economy, we need to ensure we enhance and modernize research facilities on Canadian campuses to offer our students the opportunities they need to succeed in the innovation economy,” said Kathryn McGarry, Ontario minister of Natural Resources and Forestry.
“We know that providing access to high-quality education and training facilities is critical to building the highly skilled workforce we need to support good jobs and economic growth for today and tomorrow. This investment will help us to achieve that goal,” added Daiene Vernile, MPP for Kitchener Centre.
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