Government of Canada giving $24.7 million for new University of Waterloo Science Complex

University of Waterloo Science Complex

Earlier this month, the University of Waterloo announced that the Government of Canada would be contributing significant funding for its state-of-the-art Science Complex.

The new, 215,000 square foot complex will be dedicated to experiential education and science-based entrepreneurship, with dedicated space for bio-based chemistry, materials and nanoscience, quantitative biology, metagenomics, and synthetic biology. The new space, of course, will also come with an expansion of the University’s Velocity Science program.

“Waterloo’s reputation for innovation is rooted in the world-class research that takes place here,” said Feridun Hamdullahpur, president and vice-chancellor at the University of Waterloo. “Today’s investment in the Science Complex will allow us to build new facilities that will support innovation in emerging fields of science. The investment also allows us to expand capacity to support world-leading experiential learning with hands-on lab experience as well as fostering a new strain of science-based entrepreneurs though our Velocity Science program.”

The new Science Complex will cost of $95 million to complete, with $24.7 million of that coming through federal funding via the New Building Canada Fund’s Provincial-Territorial Infrastructure Component-National and Regional Projects program.

Douglas Soltys

Douglas Soltys

Douglas Soltys is the Editor-in-Chief of BetaKit and founder of BetaKit Incorporated. He has worked for a few failed companies and written about many more. He spends too much time on the Internet.