CIBC donates $250,000 to UOIT Business and IT students to help open doors to challenging careers
September 6, 2006
OSHAWA, Ont. - CIBC announced today that it will contribute $250,000 to students enrolled in the Faculty of Business and Information Technology at UOIT.
This donation will be used to develop the CIBC Endowment which will fund two awards annually designed to help Business and IT students with a demonstrated financial need. The first award, the CIBC Entrance Bursary valued at $3,000 each, will be given to five students at the undergraduate level. The second, the CIBC Graduate Bursary which is valued at $5,000, will be given to a graduate student in UOIT's Master of Information Technology Security program. The awards will be introduced on a graduated scale beginning with the 2007-2008 academic year.
"UOIT extends a warm thank you to CIBC for its extremely generous financial donation," said Dr. Ron Bordessa, president of UOIT. "The strong support of institutions such as CIBC provides UOIT with an opportunity to give all students - regardless of their financial situation - a chance to experience our unique teaching and learning approach, and receive the very best education to help them reach their greatest potential."
As part of its commitment to support the individuals and organizations that are working tirelessly to enrich the quality of life for Canadians in areas such as youth, education and health, CIBC is providing students at UOIT with increased access to postsecondary education. The contribution of $250,000 meets the criteria necessary to qualify for the Government of Ontario's matching program, the Ontario Trust for Student Support, to create a total endowment of $500,000.
"At CIBC, helping young people to reach their full potential is one focus of our community investment program and we are proud to support UOIT's students with these bursaries," said Ala Dragota, associate vice-president, Durham District, CIBC.
UOIT's Faculty of Business and Information Technology offers innovative programs in Commerce and Information Technology which provide a useful balance between theory and applied learning. Unique features of UOIT's Faculty of Business and Information Technology include the Hacker Research Lab, which provides students with the facilities to develop IT security strategies and skills, and the UOIT Edge capstone study project, which helps students gain the marketable skills needed to open the door to challenging and rewarding careers.
The announcement was made during the UOIT Orientation Week Dinner held on campus for students and faculty. The event is part of several initiatives taking place this week to welcome first-year students to campus.
About CIBC
CIBC is committed to supporting causes that matter to its clients, employees and communities. CIBC aims to make a difference in communities the bank calls home through corporate donations, sponsorships and the volunteer spirit of employees. With a strategic focus on youth, education and health, and employee commitment to causes including the Canadian Breast Cancer Foundation CIBC Run for the Cure, the United Way and the CIBC World Markets Children's Miracle Foundation, CIBC is investing in the social and economic development of communities across the country. In 2005, the CIBC group of companies contributed more than $42 million worldwide to charitable organizations and community initiatives. Of this, $28 million was invested in Canada to support national, regional and local organizations.
About UOIT
As the province's newest university, UOIT provides a unique combination of academic knowledge, vibrant student life, leading-edge research, and hands-on skills. As Ontario's first laptop-based university, UOIT offers career-focused undergraduate and graduate degree programs in the fields of business and information technology, sciences, engineering, nursing, social science, and education. The university is committed to research excellence and has attracted significant research grants and awards including a Tier 1 Research Chair. Sharing facilities and selected services with Durham College, UOIT has attracted over 4,200 students since its inception in 2003. To find out more, visit www.uoit.ca or call 905.721.8668.
This donation will be used to develop the CIBC Endowment which will fund two awards annually designed to help Business and IT students with a demonstrated financial need. The first award, the CIBC Entrance Bursary valued at $3,000 each, will be given to five students at the undergraduate level. The second, the CIBC Graduate Bursary which is valued at $5,000, will be given to a graduate student in UOIT's Master of Information Technology Security program. The awards will be introduced on a graduated scale beginning with the 2007-2008 academic year.
"UOIT extends a warm thank you to CIBC for its extremely generous financial donation," said Dr. Ron Bordessa, president of UOIT. "The strong support of institutions such as CIBC provides UOIT with an opportunity to give all students - regardless of their financial situation - a chance to experience our unique teaching and learning approach, and receive the very best education to help them reach their greatest potential."
As part of its commitment to support the individuals and organizations that are working tirelessly to enrich the quality of life for Canadians in areas such as youth, education and health, CIBC is providing students at UOIT with increased access to postsecondary education. The contribution of $250,000 meets the criteria necessary to qualify for the Government of Ontario's matching program, the Ontario Trust for Student Support, to create a total endowment of $500,000.
"At CIBC, helping young people to reach their full potential is one focus of our community investment program and we are proud to support UOIT's students with these bursaries," said Ala Dragota, associate vice-president, Durham District, CIBC.
UOIT's Faculty of Business and Information Technology offers innovative programs in Commerce and Information Technology which provide a useful balance between theory and applied learning. Unique features of UOIT's Faculty of Business and Information Technology include the Hacker Research Lab, which provides students with the facilities to develop IT security strategies and skills, and the UOIT Edge capstone study project, which helps students gain the marketable skills needed to open the door to challenging and rewarding careers.
The announcement was made during the UOIT Orientation Week Dinner held on campus for students and faculty. The event is part of several initiatives taking place this week to welcome first-year students to campus.
About CIBC
CIBC is committed to supporting causes that matter to its clients, employees and communities. CIBC aims to make a difference in communities the bank calls home through corporate donations, sponsorships and the volunteer spirit of employees. With a strategic focus on youth, education and health, and employee commitment to causes including the Canadian Breast Cancer Foundation CIBC Run for the Cure, the United Way and the CIBC World Markets Children's Miracle Foundation, CIBC is investing in the social and economic development of communities across the country. In 2005, the CIBC group of companies contributed more than $42 million worldwide to charitable organizations and community initiatives. Of this, $28 million was invested in Canada to support national, regional and local organizations.
About UOIT
As the province's newest university, UOIT provides a unique combination of academic knowledge, vibrant student life, leading-edge research, and hands-on skills. As Ontario's first laptop-based university, UOIT offers career-focused undergraduate and graduate degree programs in the fields of business and information technology, sciences, engineering, nursing, social science, and education. The university is committed to research excellence and has attracted significant research grants and awards including a Tier 1 Research Chair. Sharing facilities and selected services with Durham College, UOIT has attracted over 4,200 students since its inception in 2003. To find out more, visit www.uoit.ca or call 905.721.8668.
About Ontario Tech University
A modern, forwarding-thinking university, Ontario Tech advances the discovery and application of knowledge to accelerate economic growth, regional development and social innovation. We inspire and equip our students and our graduates to make a positive impact in a tech-focused world. For us, it’s not only about developing the next tech breakthrough. Understanding and integrating the social and ethical implications of technology differentiates us as university. Learn more at ontariotechu.ca.
Media contact
Allison Rosnak
Communications and Marketing
Ontario Tech University
905.721.3111 ext. 2513
allison.rosnak@dc-uoit.ca
