Archived — Government of Canada supports Science and Engineering Graduates in Southern Ontario
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Economic Action Plan invests in the knowledge economy, skilled workforce
For immediate release
September 24, 2010
Waterloo, Ontario — Graduate students in science, technology, engineering, and mathematics programs will gain real-world business skills and experience through internships with small- and medium-sized businesses as a result of a new Government of Canada initiative to strengthen the economy of southern Ontario. The Honourable Gary Goodyear, Minister of State (Federal Economic Development Agency for Southern Ontario) launched the new Graduate Enterprise Internship today at an event in Waterloo, Ontario. Members of Parliament Patrick Brown and Jeff Watson held announcements in Barrie and Windsor respectively, highlighting the benefits for residents of southern Ontario.
"Our government is committed to creating jobs and supporting economic growth in southern Ontario," said Minister Goodyear. "The new Graduate Enterprise Internship will give science, technology, engineering, and mathematics graduates business skills to help them move into the workforce, while providing businesses with greater access to technical expertise they need to innovate."
The Graduate Enterprise Internship will provide up to $80 million over four years to programs that offer science and engineering graduate students and recent graduates (within five years) of undergraduate programs, internship and mentoring opportunities with small- and medium-sized businesses. Interns will gain business experience to complement their scientific skills and companies will benefit from interns' technical knowledge.
"This investment from the Government of Canada is crucial for creating permanent, high-quality knowledge jobs for young researchers in southern Ontario," said Dr. Arvind Gupta, Scientific Director of MITACS, a national research network which runs an industrial research internship program, MITACS Accelerate. "By augmenting their research and business skills, we are setting these young people up to succeed and in return, Ontario succeeds."
The government's actions are guided by a firm commitment to supporting job creation and economic growth, and mapping the path to Canada's economic recovery.
The initiative is a direct result of feedback from business leaders, academics and community leaders from across southern Ontario, who encouraged FedDev Ontario take a leadership role in addressing the ability of young people to meet future labour market needs and successfully transition into the southern Ontario workforce.
FedDev Ontario was created as part of Canada's Economic Action Plan to support businesses and communities in southern Ontario. Now in its second year of operation, the Agency is launching a number of initiatives to create a Southern Ontario Advantage and place the region in a strong position to compete in the global economy. These initiatives are designed to support businesses and other organizations through partnerships and investments in skills and training; innovation; research and development; and increased productivity. To learn more, please visit www.feddevontario.gc.ca or call 1-866-593-5505.
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For more information, contact:
Director of Communications
Office of the Honourable Gary Goodyear
Graduate Enterprise Internship
The Graduate Enterprise Internship will build a pool of highly skilled workers in southern Ontario by providing business and management experience to graduate students and recent graduates of undergraduate programs in science, technology, engineering and mathematics (STEM). The initiative will encourage private sector business leaders to pass on their knowledge and business skills to young people pursuing STEM studies in southern Ontario.
The initiative will provide a total of up to $80 million over four years to support eligible not-for-profit organizations and post-secondary institutions in southern Ontario to arrange internships with structured mentoring opportunities in southern Ontario small- and medium-sized enterprises (SMEs) for graduate students and recent graduates of undergraduate STEM programs. Only organizations with established track records and currently delivering internship placements for STEM students or graduates will be eligible under the initiative.
Eligible applicants may receive a non-repayable contribution of up to 100 per cent of total project costs to manage the internships and may also receive contributions towards an intern's salary of up to $15,000 for a graduate student and up to $10,000 for a recent graduate of an undergraduate STEM program. The host SME must contribute a minimum of 50 per cent of the intern's salary and benefits.
Contributions under this initiative are not expected to exceed $5 million over four years per eligible applicant.
Applications will be accepted and assessed on an ongoing basis and applicants will be notified as their projects are approved. All project activities must be completed prior to March 31, 2014.
For more information, please refer to the Program Guidelines available on the web site at www.feddevontario.gc.ca.
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