The University of Toronto will receive more than $3 million in funding to increase its training and support for student entrepreneurship as part of the Campus-Linked Accelerator Program (CLA), announced today by Reza Moridi, Ontario’s Minister of Research and Innovation, and Minister of Training, Colleges and Universities.
“Fostering the entrepreneurial spirit among students is a key component of Ontario’s Youth Jobs Strategy, through programs that help transfer their ideas and skills to the marketplace while creating rewarding careers,” said Minister Moridi. “By partnering with colleges and universities to support entrepreneurship, we are ensuring our province’s business leaders of tomorrow are getting the support they need to succeed today.”
The University of Toronto produces more startups than any other university in Canada and is already home to a diverse ecosystem of entrepreneurship supports, including accelerators, programs, courses, classes and co-curricular organizations.
The $3,056,000 of funding over two years will enable the University of Toronto to better coordinate its entrepreneurship activities, expand the base of students exposed to entrepreneurship at the university and enhance the quality of training.