RBC donates $750,000 to University of Ottawa
OTTAWA, April 22, 2004 - RBC
Financial Group has announced a donation of $750,000 to the
University of Ottawa to create a professorship focusing on
commercialization of science- and technology-based innovation
at the university's School of Management.
"The University of Ottawa knows the power of knowledge
and the RBC Professorship in Technology-Based Innovation represents
a bold response to the challenge of building a knowledge-based
economy," said Kirk Dudtschak, RBC Royal Bank. "We're
excited about this opportunity to bring new ideas to the management
of businesses in Canada and the world."
This professorship will allow a leading faculty member to
conduct intensive research in the factors that lead to the
successful commercialization of research.
RBC is committed to the commercialization of science- and
knowledge-based innovation. In 2003, for example, RBC supported
the launch of MaRS: the Medical and Related Sciences (MaRS)
Discovery District.
This facility is Canada's newest biotech and life-sciences
hub, where researchers and companies in life sciences and
other related disciplines can work together and build critical
mass to make more discoveries, and then bring them to market
more quickly and efficiently. The end result will be the growth
of stronger Canadian companies, and the creation of high-value
jobs for the future.
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