Photo: Jacob Dubé

Ryerson gets $36.63 million from federal and provincial governments

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By Jacob Dubé

Ryerson received a $36.63-million investment from the federal and provincial governments to fund research on campus.

In a press conference at Ryerson’s Launch Zone on Sept. 29, Minister of Finance Bill Morneau, Trinity-Spadina MPP Han Dong and Ryerson President Mohamed Lachemi announced that the funding would go towards building more research space and improving laboratories.

Ryerson will be receiving $19.89 million and providing $25.8 million to create a Centre for Urban Innovation on Gerrard Street East that will comprise other small incubators like the Centre for Urban Energy and the Ryerson Urban Water Institute.

The other $16.74 million—including $4.74 million from the provincial government and an extra $11.9 million from Ryerson—will be going towards upgrading existing research space in Ryerson’s STEM buildings and providing more space for the Fashion, Transmedia and Design Fabrication Zones.

More to come.

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