UVic announced on Friday that Coast Capital Savings will be adding a $1 million funding boost to the University’s Coast Capital Savings Innovation Centre (CCSIC).
The fund is a record-breaking contribution, the largest ever given to a Vancouver Island organization by Coast Capital Savings.
“Coast Capital Savings is an exceptional partner for our innovation centre and university,” says UVic President Jamie Cassels. “This game-changing investment allows us to take learning beyond the classroom and research outside the lab. Our centre’s entrepreneurs make significant impacts in our community and beyond.”
CCSIC supports student experience in entrepreneurship and business mentorship. UVic says that over 70 startup companies have launched with the support of CCSIC, and approximately half of the program participants come from underrepresented groups including women, minorities and Indigenous Peoples.
Juan Orrego, a graduate of commerce from UVic’s Gustavson School of Business, said that CCSIC supported the creation of his business, Cuboh.
“The innovation centre opens so many doors,” said Orrego. “They pushed me to dream big and then helped me—every step of the way—turn my ideas into action.”
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