Ontario is investing in a new Science, Technology, Engineering and Mathematics (STEM) complex at the University of Ottawa that will help students build the skills they will need for careers in these fields.
The investment from the province and Canada’s Strategic Investment Fund will help the university construct a new state-of-the-art complex to replace obsolete, energy-inefficient buildings. The STEM complex will provide students and researchers with access to business development expertise, supporting science and technology entrepreneurship.
“Thanks to its interdisciplinary focus, the STEM complex will be a unique place for students from all faculties to meet and collaborate. It will provide fertile ground for the cross-pollination of ideas and for the nourishment of research breakthroughs,” said Jacques Fremont, president of the University of Ottawa, in a press release.
The overall cost to complete this project is close to $115 million, which includes $51.5 million from Canada’s Strategic Investment Fund, $6.4 million from Ontario and $57.1 million from the University of Ottawa.
“These infrastructure investments will create good, well-paying jobs that can help the middle class grow and prosper today, while also delivering sustained economic growth for years to come,” added David McGuinty, MP for Ottawa South, who was on hand for the announcement. “Through the Strategic Investment Fund, we are strengthening the foundation for building Canada into a global centre for innovation.”