Toyota Motor Manufacturing Canada (TMMC) made a $2.1 million donation to the University of Waterloo on Monday, the largest donation the auto giant has made to any Canadian university.
According to a university press release, the money will be used to launch an undergraduate engineering innovation challenge, as well as to support a variety of student, research and outreach initiatives.
Chris Wilson-Smith, Waterloo’s media relations manage, said the investment is exciting because it provides the opportunity to highlight how the University of Waterloo is carrying out more automotive research than any other university in Canada.
“This investment and partnership with Toyota Motor Manufacturing Canada will allow our students and researchers to tackle difficult engineering and business challenges facing the automotive industry and come up with truly new and sustainable solutions that will strengthen the competitiveness of the Canadian sector,” said Wilson-Smith in an email to Spoke.
The university’s strong relationships with industry leaders is one of the most exciting things about being a student there, he added.
“Waterloo has created a vast ecosystem of employers and partnerships that inspires learning and research while connecting Waterloo people to the immediate and long-term needs of industry and communities around the world. That’s an exciting prospect for any student,” he said.
To recognize Toyota’s support of the university as well as ongoing engineering research, a third-floor wing of Engineering 7 will be renamed the Toyota Additive Manufacturing Wing, and TMMC will also be the title sponsor of the university’s annual AutoTech Symposium for the following five years, according to the press release.